Michael D. Penner

Board Member

Penner joins Keystone as Senior Advisor to the CEO, working closely with Keystone’s leadership on strategic priorities and execution.

As a corporate leader, strategic advisor, and former CEO, Penner has extensive experience working alongside private equity investors and their portfolio companies. He has served as chairman, operating partner, and senior advisor to organizations executing complex value creation initiatives. He has chaired major energy and infrastructure platforms—including Hydro-Québec, EnfraGen, and USIC—overseeing large-scale, operationally complex businesses.

At USIC, a ~10,000-employee organization supporting critical infrastructure across the United States, he served as Chair and Lead Operating Director, helping guide its transformation. He also spent nearly a decade on the board of one of Canada’s largest financial institutions, contributing to governance and oversight during a period of industry change. He also co-created and founded a multidisciplinary institute at Université de Montréal focused on ESG, with an emphasis on the governance of AI.

Education

J.D. from Maurice A. Deane School of Law at Hofstra University
B.A. from McGill University