Canada Announces Appointments to Canada Pension Plan Investments

From: Department of Finance Canada

Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointments of Dean A. Connor and Barry Perry as Directors to the Board of Canada Pension Plan Investments (CPP Investments) for three-year terms.

Mr. Connor is the outgoing President and CEO of Sun Life Financial. Mr. Connor serves on several boards and is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries.

Mr. Perry is the former President and CEO of Fortis Inc., where he worked for 20 years. Prior to becoming the President and CEO, Mr. Perry served as the Vice President, Finance, and Chief Financial Officer of Fortis Inc.

In addition, the Deputy Prime Minister also announced the reappointments of Directors Tahira Hassan, Chuck Magro, and Sylvia Chrominska to the board of CPP Investments for additional three-year terms.

Quotes

“I would like to extend my gratitude to Mr. Connor and Mr. Perry for taking on this commitment to Canadians. I would also like to thank Ms. Hassan, Mr. Magro, and Ms. Chrominska for continuing their service for an additional term. Through CPP Investments, all Canadians have access to a safe, secure, and dignified retirement. The experience and expertise of the board will help it carry out the important work of building a diversified portfolio of assets that helps ensure the long-term sustainability of the Canada Pension Plan.”

– The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance

Quick facts

  • CPP Investments is a professional investment management organization that invests the assets of the Canada Pension Plan (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. Federal legislative changes in 2014 allow up to three non-resident directors on the board.

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