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Corporate world is shifting : Machin s swift departure from CPPIB underscores public intolerance for bad behaviour in the C-suite

Corporate world is shifting : Machin s swift departure from CPPIB underscores public intolerance for bad behaviour in the C-suite
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

Canada pension fund boss quits after overseas trip for Covid-19 shot

OTTAWA (REUTERS) - The head of Canada Pension Plan Investment Board (CPPIB), Mr Mark Machin, has resigned after his trip to the United Arab Emirates for vaccination against Covid-19 flouted Canadian government s travel advice and drew criticism. CPPIB on Friday (Feb 26) named Mr John Graham, currently senior managing director and global head of credit investments, as the new chief executive officer of the country s largest pension fund. Mr Machin, 54, becomes the second senior Canadian corporate executive to resign after attempting to jump vaccine queue, underscoring the frustration among some about the country s slow vaccine roll out. It was a complete lapse of moral judgment which risked undermining people s trust both in government policy and the stewardship of their public pension provision, said Mr David Wheeler, a former business professor at York University, adding that clearly he had to go immediately .

Canada s $373 Billion Fund Chooses Safety After CEO Flames Out

Canada’s $373 Billion Fund Chooses Safety After CEO Resigns Bloomberg 3/1/2021 Paula Sambo and Kevin Orland (Bloomberg) Mark Machin’s big mistake got him drummed out of Canada’s national pension manager in a matter of hours. It’s a turn of events that puts the fund in the hands of a former industrial scientist who has made few waves in the world of finance. Popular Searches John Graham was promoted to chief executive officer of the Canada Pension Plan Investment Board on Friday, putting him in charge of a $373 billion global portfolio that includes everything from Britain’s Southampton port to Germany’s Axel Springer media empire to the Petco retail chain.

John Graham, the new CPPIB CEO, already had successful career as a research scientist before joining pension fund

John Graham, the new CPPIB CEO, already had successful career as a research scientist before joining pension fund
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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