Two senior executives at the Canada Pension Plan Investment Board are about to reach retirement themselves.
Nick Zelenczuk, senior managing director and chief operations officer, will be retiring effective May 31, 2018. Formerly the board’s chief financial officer, he joined in 2009.
Graeme Eadie, who announced last July that he would be stepping back from his role as global head of real assets, will retire from the board as of March 31, 2018. He will, however, remain an advisor to the organization, focusing on the investment review process.
Read: OMERS appoints Michael Ryder to infrastructure arm
As well, Eric Wetlaufer, senior managing director and global head of public market investments, is leaving his role at the CPPIB after almost seven years.
“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 Mark Machin, president and chief executive officer of the CPPIB, in a press release.
“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.”
According to the news release, the board is thoroughly assessing potential candidates to fill the soon-to-be-vacant roles.