Ottawa, January 22, 2009
Archived - Minister of Finance Appoints Two New Directors to Canada Pension Plan Investment Board
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The Honourable Jim Flaherty, Minister of Finance, announced today two appointments to the board of directors of the Canada Pension Plan Investment Board (CPPIB).
Robert Brooks of Oakville, Ontario, was the Vice Chairman of the Bank of Nova Scotia prior to retiring last fall.
Elaine McKinnon of Quispamsis, New Brunswick, is Chief Financial Officer and Chief Operating Officer of Brovada, a Saint John-based software provider.
Directors of the CPPIB are selected by the federal government, in consultation with participating provincial governments, from a list of qualified candidates provided by a joint federal-provincial nominating committee.
The nominating committee, currently chaired by Brian MacNeill, former Chief Executive Officer of Enbridge Inc., comprises 10 members, one appointed by the federal government and one appointed by each of the nine participating provinces.
The CPPIB is responsible for prudently investing Canada Pension Plan (CPP) investment funds in the best interests of CPP contributors and beneficiaries. It invests in a diversified portfolio of assets and operates at arm's length from governments.
Biographical notes are attached.
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Office of the Minister of Finance
Department of Finance
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Robert Brooks of Oakville, Ontario, was the Vice Chairman of the Bank of Nova Scotia before retiring on October 31, 2008 after a 40-year career with that bank. During his career Mr. Brooks carried out wide-ranging responsibilities for risk management, treasury functions and various international operations. Mr. Brooks obtained a Bachelor of Science at the University of Manitoba in 1965 and a Master of Business Administration at the University of Western Ontario in 1968.
Elaine McKinnon of Quispamsis, New Brunswick, is Chief Financial Officer and Chief Operating Officer of Brovada, a Saint John-based software provider. Previously, she served in a number of executive roles with the telecommunications firm, Bell Aliant. Ms. McKinnon obtained a Bachelor of Business Administration at the University of New Brunswick in 1982 and completed the Senior Management Program of the American Management Association in 1995. She is also a Certified General Accountant.