Government of Canada announces appointments to the Canada Pension Plan Investment Board
The Voice of Canada :
Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that Dean Connor, Director of the Canada Pension Plan Investment Board (CPPIB) since August 2021, will be designated as Chair of the CPPIB for a three-year term beginning October 27, 2023. The Deputy Prime Minister also announced the appointment of Nadir Mohamed, and the reappointments of Ashleigh Everett, John Montalbano, Mary Catherine Phibbs, and Boon Sim, as Directors of the CPPIB for three-year terms.
Quotes
“It’s my pleasure to announce the appointment and reappointment of highly qualified Canadians to undertake important roles at the CPPIB. I have every confidence that Dean Connor’s decades of corporate experience at one of Canada’s largest financial institutions will serve the CPPIB well as he takes on the role of Chair later this month. These appointees will play a valuable role in ensuring the Canada Pension Plan remains a reliable and sustainable component of Canada’s strong social safety net, which ensures Canadians can have a secure and dignified retirement.”–The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance
Quick facts
- The Canada Pension Plan is a social insurance plan that provides a monthly retirement pension to contributors, and covers virtually all workers in Canada, except Quebec, which administers its own plan.
- CPP Investments is a professional investment management organization that invests the assets of the CPP not currently needed to pay pension, disability, and survivor benefits.
- Operating at arm’s length from government, CPP Investments is responsible for prudently investing CPP investment funds in a diversified portfolio of assets to serve the best interests of CPP contributors and beneficiaries.
- Directors of CPP Investments are selected by the federal government in consultation with participating provincial governments.
