Board of Trustees
The Future Fund is managed by the Department of Finance, with a Board of Trustees which provides oversight.
The Board of Trustees consists of six members as follows:
- David Drover, CPA, CGA, Deputy Minister of Finance (chairperson)
- Corey Tucker, CPA, CA, Assistant Deputy Minister of Treasury Management and Budgeting
- Patrick Morrissey, CPA, CA, Comptroller General of Finance
- Thomas Nemec, CPA, CA, MBA, Director of Treasury Management
- Dr. Susan Squires, Ph.D., Assistant Deputy Minister of Climate Change, (three-year term; public service employee appointment based on expertise in environmental matters)
- External Trustee (vacant)
The trustees are responsible for preparing three-year activity plans and annual reports as required by the Transparency and Accountability Act. These reports include annual financial statements of the fund, audited by the Auditor General, and are tabled in the House of Assembly.
Board of Trustees - Bios
David Drover, CPA, CGA
David Drover joined the Government of Newfoundland and Labrador in 2000 with the Department of Finance. Since that time, he has served in a number of financial management positions including Manager of Public Accounts and Banking Services, Director of Financial Systems Control and Director of Government Accounting. He has also served as Comptroller General of Finance, the Assistant Deputy Minister of Finance for Treasury Management and Budgeting and is currently the Deputy Minister of Finance. Mr. Drover holds a Bachelor of Commerce from Memorial University and is a Chartered Professional Accountant.
Corey Tucker, CPA, CA
Corey Tucker joined the Government of Newfoundland and Labrador’s Department of Finance in 2010. Since that time, he has held a number of financial management positions including Manager of Budgeting and Director of Budgeting. Mr. Tucker is currently the Assistant Deputy Minister of Finance for Treasury Management and Budgeting. Mr. Tucker holds a Bachelor of Commerce from Memorial University and is a Chartered Professional Accountant.
Patrick Morrissey, CPA, CA
Patrick Morrissey joined the Government of Newfoundland and Labrador in 2011. Mr. Morrissey served as the Assistant Deputy Minister of Professional Services and Workforce Planning, in the Department of Health and Community Services, Assistant Deputy Minister of Corporate Services, Governance and Accountability, also in the Department of Health and Community Services. He is currently the Comptroller General of Finance. Mr. Morrissey holds a Bachelor of Commerce (Co‑operative) from Memorial University and is a Chartered Professional Accountant.
Thomas Nemec, CPA, CA, MBA
After a 22-year career within finance and accounting in the private sector, Mr. Nemec joined the Government of Newfoundland and Labrador in 2019 as the Manager of Capital Markets and became the Director of Treasury Management in 2021. In addition to the Future Fund, he also serves as a trustee of the Newfoundland and Labrador Government Sinking Fund and as a director of several crown corporations. Mr. Nemec holds Bachelor of Science and Master of Business Administration degrees from Memorial University and is a Chartered Professional Accountant.
Dr. Susan Squires, Ph.D
Dr. Susan Squires began her career with the Government of Newfoundland and Labrador in 2009 as a plant ecologist with the Biodiversity and Endangered Species program of the Wildlife Division. She has served as the Director of Parks and Natural Areas, as Manager of Operations for the C.A. Pippy Park Commission, the Director of Environmental Assessment, and the Assistant Deputy Minister, Environment. In 2020, Dr. Squires was appointed to the position of Assistant Deputy Minister, Climate Change Branch, and is responsible for wilderness and ecological reserves, as well as climate change policy and programs regarding greenhouse gas emissions reduction and adaptation. Susan is chair of the provincial Greenhouse Gas Reduction Fund. Dr. Squires holds a Ph.D. and Bachelor of Science (Biology - Honours) from Memorial University and is a Fellow of the School of Graduate Studies of Memorial University.