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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 . ....

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CPPIB CEO Mark Machin steps down after getting vaccinated in UAE


The head of Canada Pension Plan Investment Board, Mark Machin, has stepped down after disclosing he recently traveled to the United Arab Emirates where he arranged to be vaccinated against Covid-19, the country s largest pension fund said on Friday.
CPPIB said on Friday it had accepted Machin s resignation and appointed John Graham as chief executive officer.
Canada s Ministry of Finance on Thursday called a media report about Machin traveling to the Middle East and receiving a COVID-19 vaccination very troubling .
Machin was not immediately available for comment.
Machin, 54, received Pfizer s vaccine shot after arriving in the UAE with his partner this month, the Wall Street Journal reported on Thursday, citing people familiar with the matter. ....

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