CPPIB welcomes former presidents, CEOs as new board directors

CPPIB welcomes former presidents, CEOs as new board directors | Insurance Business Canada

CPPIB welcomes former presidents, CEOs as new board directors

The Canada Pension Plan Investment Board (CPPIB) has announced two new appointments to its board of directors.

Former Sun Life president and chief executive officer Dean Connor will join Barry Perry, the former president and CEO of utilities giant Fortis, on CPPB’s board.

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CPPIB is a professional investment management organization that serves the “best interest of the more than 20 million contributors and beneficiaries of the Canada Pension Plan.”

In the insurance sector, the organization is known for its ownership of global specialty insurance and reinsurance firm Ascot Group and its investment in UK insurance provider BGL Group.

“We are pleased to welcome Dean Connor and Barry Perry to the board of directors,” said Heather Munroe-Blum, chairperson of CPPIB. “We know they share our commitment to global best-in-class standards of organizational investment capabilities, corporate governance, and diversity, commensurate with our public purpose. Their respective unique credentials will be a valuable complement to our experienced board.”

Connor has more than four decades of global experience in financial services and served as president and CEO of Sun Life Financial between 2011 to 2021. Prior to this, he held senior roles with Sun Life, including head of Canadian operations and chief operating officer.

Meanwhile, Perry has more than three decades of experience in the utilities, paper manufacturing, and oil refining sectors. Between 2015 and 2020, Perry held senior roles with Fortis, most recently serving as president and CEO, as well as vice president of finance and chief financial officer from 2004 to 2014.