Finance Minister Jim Flaherty Thursday announced the appointment of Karen Sheriff to the board of directors of the Canada Pension Plan Investment Board (CPPIB).
Currently president and CEO of Bell Aliant, Sheriff has 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.