CPP Investments announces changes to its management team structure
TORONTO, June 28, 2022 /CNW/ – Today, the Canada Pension Plan Investment Board (CPP Investments) announced changes to its leadership team as the organization continues to position itself for future growth.
The current role of Senior Managing Director and Chief Financial and Risk Officer will be split into two separate leadership positions. Going forward, the organization will have a Chief Risk Officer (CRO) and a Chief Financial Officer (CFO).
“The time has come, in the evolution of RPC Investissements, to have separate senior managers dedicated to risk and finance,” said John Graham, Chief executive officer. “By creating two stand-alone senior management positions, we can further strengthen the leadership, expertise and governance that help ensure the success of CPP Investments, thereby contributing to the long-term sustainability of CPP for the benefit of all Canadians. .
Neil Beaumont, Senior Managing Director and Chief Financial and Risk Officer, is leaving CPP Investments after five years in the role. During his tenure, Neil helped strengthen both our approach to risk management, with a new fundamental risk policy, while improving the way we report on sources of portfolio return.
“I want to thank Neil for his contributions,” Graham said. “Neil leaves behind strong finance and risk functions, as well as a high caliber team, which will continue to serve the organization well for years to come. On behalf of CPP Investments, allow me to express our appreciation for his achievements and wish him the best in the future.”
Mr. Beaumont will remain CFRO until mid-summer to help with the transition. Leadership announcements resulting from the CRO and CFO appointment process will be made in due course.
About RPC Investments
The Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interests of the 21 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified asset portfolios, investments are made worldwide in public equities, private equities, real estate, infrastructure and fixed income securities. Based at Torontowith offices at hong kong, London, Luxemburg, Bombay, New York City, San FranciscoSao Paulo and sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. To March 31, 2022the Fund has totaled $539 billion.
SOURCE Canada Pension Plan Investment Board
For further information: Frank Switzer, Managing Director, Investor Relations, [email protected]+1-416-523-8039