Ottawa, October 3, 2013
Archived - Minister of Finance Appoints New Director to Canada Pension Plan Investment Board
Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.
The Honourable Jim Flaherty, Minister of Finance, today announced the appointment of Kathleen Taylor to the board of directors of the Canada Pension Plan Investment Board (CPPIB).
“Ms. Taylor’s global operational expertise and significant financial services board experience will make her a solid contributor to the Board,” said Minister Flaherty. “I wish her all the best in her new role.”
Ms. Taylor was most recently the President and Chief Executive Officer of Four Seasons Hotels and Resorts, having served in successively more senior positions over her almost 24-year career with the company. Ms. Taylor is also a Director of the Royal Bank of Canada (RBC) and has been appointed as the Chair Designate by the RBC Board effective January 1, 2014. She also serves as a Director of the Hospital for Sick Children Foundation in Toronto.
Among her many accolades, Ms. Taylor has received the Schulich School of Business Award for Outstanding Executive Leadership and the inaugural Medal for Career Achievement from the Hennick Centre for Business and Law at York University.
Operating at arm’s length from government, 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. Directors of the CPPIB are selected by the federal government, in consultation with participating provincial governments, from a list of qualified candidates submitted by a joint federal-provincial nominating committee.
For further information, media may contact:
Office of the Minister of Finance
Department of Finance
Over almost 25 years with Four Seasons Hotels and Resorts—and a decade serving successively as its President of Worldwide Business Operations (1999), Chief Operating Officer (2007) and Chief Executive Officer (2010)—Ms. Taylor played an instrumental role in expanding the company’s global portfolio of properties and ensuring its international success.
Ms. Taylor is currently a Director of the Royal Bank of Canada (RBC), and has been appointed as the Chair Designate by the RBC Board effective January 1, 2014, having served as Chair of its Human Resources Committee, as a member of its Risk Committee, and for 10 years as a member of its Audit Committee. She is a Director of the Hospital for Sick Children Foundation in Toronto, serving as Chair of its Compensation and Resource Management Committee. Ms. Taylor is also active with the United Way of Greater Toronto where she has held senior volunteer roles for many years, including serving as Chair of the United Way’s Endowment Fund for five years and as a member of its Major Individual Giving Cabinet for almost a decade.
She is the first woman to receive the Corporate Hotelier of the World award, and has also received the Cornell University Hospitality Innovator Award, the Schulich School of Business Award for Outstanding Executive Leadership and the inaugural Medal for Career Achievement from the Hennick Centre for Business and Law at York University. She has also been inducted into the Canadian Marketing Hall of Legends.
Ms. Taylor graduated from the University of Toronto with an Honours Degree in Political Science and Economics in 1980, and earned her JD-MBA degrees at the Joint Law and Business program of Osgoode Hall Law School and the Schulich School of Business four years later.