The Canada Pension Plan Investment Board is appointing John Graham (pictured) as its new chief executive officer, following the resignation of Mark Machin.
Graham was previously the global head of credit investments at the CPPIB, preceded by roles in both the total portfolio management group and in private investments. Prior to joining the CPPIB, he spent nine years at Xerox Innovation Group in research and strategy roles.
Machin tendered his resignation to the board Thursday night after it was revealed that he decided to travel to the United Arab Emirates, where he arranged to be vaccinated against the coronavirus. He joined the CPP Investments in 2012 and was appointed president and CEO in June 2016. Prior to joining the pension fund manager, he spent 20 years at investment bank Goldman Sachs.
The Wall Street Journal first reported that Machin flew to the United Arab Emirates earlier this month, where he received the first dose of the Pfizer-BioNTech vaccine and is awaiting the second dose.