Ipsco Inc. has elected Gordon Thiessen as a director of the corporation, effective 1 October 2001. Burton Joyce, Chairman of the Board, stated: “Mr Thiessen brings to Ipsco a wealth of experience as the former Governor of the Bank of Canada. His insight into matters both economic and otherwise will be of immeasurable value to the Board. In addition, his deep prairie roots will be appreciated.” Mr Thiessen grew up in Saskatchewan and attended the University of Saskatchewan where he obtained an Honours BA and an MA, after which he lectured at the University. Mr Thiessen joined the Bank of Canada in 1963 and subsequently obtained his PhD in Economics from the London School of Economics. He is a recipient of the Swedish Order of the Polar Star, and has been awarded honorary degrees from the Universities of Saskatchewan and Ottawa.