The Public Sector Pension Investment Board is appointing Deborah Orida as president and chief executive officer, effective Sept. 1.

Most recently, Orida was senior managing director, global head of real assets and chief sustainability officer at the Canada Pension Plan Investment Board.

Read: CPPIB taps Deborah Orida as chief sustainability officer

Orida will succeed Neil Cunningham — who will become vice chair and special advisor to the president and CEO — and will support the transition process until his retirement, effective March 31, 2023, according to a press release.

“PSP Investments’ strong financial performance demonstrates the organization is well-positioned for an effective leadership transition,” said Martin J. Glynn, chair of the board at PSP Investments, in the release. “In making this decision, the board unanimously agrees that Ms. Orida is ideally qualified to lead PSP Investments forward into its next phase of growth and strategic evolution.”

Read: PSP Investments returns 10.9% due to strong alternatives performance