The Canada Pension Plan Investment Board (CPP IB) added two new directors to its ranks today, according to the Department of Finance.

Michael Goldberg and Pierre Choquette, both of Vancouver, B.C., will be joining the board.

Choquette is currently chairman of Methanex Corp. and served as the company’s chairman and CEO from 2003 to 2004.

Goldeberg is the former chief academic officer of Universitas 21 Global, an international network of 20 universities. He is also a professor emeritus at the University of British Columbia’s Sauder School of Business and was dean of the school of business from 1991 to 1997.

CPP IB directors 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 CEO of Enbridge Inc., comprises 10 members, one appointed by the federal government and one appointed by each of the nine participating provinces.

“I am pleased two people with such broad experience are joining the board to help it continue to achieve its long-term investment mandate,” said Finance Minister Jim Flaherty, in a release.

CPP IB directors are appointed for a term of three years and are then eligible to be re-appointed twice for a maximum of three terms (or nine years of service).

Directors are paid an annual retainer of $20,000 plus board and committee meeting fees of $1,000 per meeting, including meetings attended by invitation.