Three Executives to Exit CPPIB
The Canada Pension Plan Investment Board (CPPIB) announced a few executive departures. Graeme McAllister Eadie, Global Head of Real Assets at CPPIB, is retiring effective March 31, 2018. Eadie announced he was stepping back from the rule back in July 2007. Eadie plans to stay on as an advisor. Next, Eric M. Wetlaufer, Senior Managing Director & Global Head of Public Market Investments at CPPIB, is retiring effective May 31, 2018 after almost seven years with the organization. Wetlaufer was a former executive at Fidelity Investments before CPPIB.
Last, Nick Zelenczuk, Senior Managing Director & Chief Operations Officer at CPPIB, will retire from CPPIB effective May 31, 2018. Zelenczuk spent 9 years at CPPIB.
“Planned renewal of senior management is both necessary and healthy for all organizations, and CPPIB is well-positioned to ensure an orderly transition for these important senior leadership roles,” said CPPIB President Mark Machin in a press release.
He added, “Through this renewal, we are able to benefit from appointing some new leaders who will inject fresh perspectives, experiences and ideas to the organization just as we look ahead to an exciting future.”
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