Ottawa, October 11, 2012

Archived - Minister of Finance Appoints New Director to Canada Pension Plan Investment Board

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The Honourable Jim Flaherty, Minister of Finance, today announced the appointment of Karen H. Sheriff to the board of directors of the Canada Pension Plan Investment Board (CPPIB).

Currently President and Chief Executive Officer of Bell Aliant, Ms. Sheriff brings a wealth of experience, drawing from an extensive background in corporate transformation and strategic priority setting. She has been featured among Canada's Top 100 Most Powerful Women three times by the Women's Executive Network. She was also named to the Top 100 Women Hall of Fame in 2007.

Directors of the CPPIB are selected by the federal government from a list of qualified candidates submitted by a joint federal-provincial nominating committee. The committee is comprised of 10 members: one appointed by each of the nine participating provinces and one appointed by the federal government.

Operating at arm's length from governments, the CPPIB is responsible for prudently investing Canada Pension Plan (CPP) investment funds in a diversified portfolio of assets to serve the best interests of CPP contributors and beneficiaries.

For further information, media may contact:

Kathleen Perchaluk
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

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Biographical Note

Karen H. Sheriff

Karen H. Sheriff is President and Chief Executive Officer of Bell Aliant.

She has been a Director of Bell Aliant Inc., Bell Aliant Regional Communications Inc., and Bell Aliant Preferred Equity Inc. and a past director of Aliant Inc. (from 2004) and Teknion Corporation.

Her qualifications include extensive senior management experience and expertise in strategic priority setting of major corporations, including oversight of Bell Aliant's conversion back to a corporation from one of the largest income trusts in Canada and leading Bell Aliant to become the first company in Canada to cover an entire city with a fibre-to-the-home network.

Before joining Bell Aliant, Ms. Sheriff was President of Small and Medium Business with Bell Canada. Prior to this she was Chief Marketing Officer for Bell Canada, a role she moved into shortly after joining Bell Canada in May 1999 as Senior Vice President of Product Management and Development. She also held a variety of assignments with Ameritech and United Airlines, where she began her career.

She is the current Chair of the Board of Trustees of the Gardiner Museum of Ceramic Art and an active member of the New Brunswick Business Council. In 2012, Ms. Sheriff was named Woman of the Year by Canadian Women in Communications and recognized for the second year in a row as one of Atlantic Canada's Top 50 CEOs by Atlantic Business Magazine. In addition, she has been named one of Canada's Top 100 Most Powerful Women on three separate occasions and was named to the Women's Executive Network Top 100 Women Hall of Fame.

Ms. Sheriff holds a bachelor's degree in psychology, economics and mathematics from Washington University in St. Louis (1979) and a master's degree in business administration, with concentrations in marketing and finance, from the University of Chicago (1984).