Ottawa, November 6, 2012
2012-141

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 Jo Mark Zurel to the Board of Directors of the Canada Pension Plan Investment Board (CPPIB).

Currently President of Stonebridge Capital Inc., Jo Mark Zurel will be able to draw upon a 25-year career that has featured, among other things, the successful transformation of a regional helicopter operator into the world’s largest. He was also named among Canada’s Top 40 under 40 in 2000.

“Jo Mark Zurel brings significant business acumen to this new role,” said Minister Flaherty. “I wish him continued success as a member of the CPPIB.”

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
613-996-7861

Jack Aubry
Media Relations
Department of Finance
613-996-8080

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Biographical Notes

Jo Mark Zurel

Jo Mark Zurel is President of Stonebridge Capital Inc., a position he has held since 2006, and is a member of various boards, including Highland Resources Inc., Newfoundland Power Inc., the Institute of Corporate Directors, and Major Drilling Group International Inc. He is currently Chairman of Newfoundland Power and Vice-Chair of the Atlantic Provinces Economic Council.

Prior to 2006, Mr. Zurel was Senior Vice-President and Chief Financial Officer of CHC Helicopter Corporation, where he helped build it into the largest helicopter company in the world.

Honoured in 2000 as one of Canada’s Top 40 Under 40, Mr. Zurel is very active in his community of St. John’s, Newfoundland and Labrador. He is an active angel investor with the Newfoundland and Labrador Angel Network (NLAN). He has previously chaired the St. John’s Board of Trade as well as Junior Achievement of Newfoundland and Labrador.

He is a Chartered Accountant, and holds a Bachelor of Commerce from Dalhousie University.