Marcel Coutu

MARCEL COUTU joined Canadian Oil Sands Limited, a wholly owned
subsidiary of Canadian Oil Sands Trust, as President and Chief Executive
Officer in September 2001. Under his leadership, Canadian Oil Sands
internalized management and has grown to become the largest owner in the
Syncrude Joint Venture. In addition to providing guidance and direction
to the Trust, Mr. Coutu is Chairman of the Board of Syncrude and chairs
the Syncrude Joint Venture CEO and Management Committees. Mr. Coutu has
25 years of experience in the resource and energy sector, primarily
focused in corporate finance. Prior to joining Canadian Oil Sands, Mr.
Coutu was Chief Financial Officer of Gulf Canada until its sale to
Conoco. Preceding that position, he was Senior Vice President
International and Vice President Finance at TransCanada Pipelines where
he helped finance their mainline expansion and international projects.
Mr. Coutu also has worked many years in the upstream sector for
companies that include Hudson’s Bay Oil & Gas and Dome Petroleum, and
has five years of experience in the investment banking business, mostly
with Burns Fry Limited. Mr. Coutu holds an H.B.Sc. in Geology from the
University of Waterloo (1976), an MBA from the University of Western
Ontario (1980), and is a member of the Association of Professional
Engineers, Geologists and Geophysicists (APEGGA). Mr. Coutu is a member
of the Board of Directors of the United Way of Calgary and the Calgary
Stampede Pension Committee. As well, he is on the Board of Governors of
the Canadian Association of Petroleum Producers.