Minister of Finance Ralph Goodale announced today that Peter Hendrick of Toronto, and William “Philip” MacDougall of Stratford, PEI, have been appointed to the Canada Pension Plan Investment Board (CPPIB).

The appointees bring a wide range of academic, business and public service experience to their new positions.

“The impressive scope of experience that Mr. Hendrick and Mr. MacDougall bring to the table will no doubt prove valuable to the CPPIB,” said Goodale, in a release.

As executive vp investments and chief investment officer for Mackenzie Financial Corp., Hendrick was responsible for the oversight of equity and debt portfolio management for public and private mutual funds and corporate pension funds. In his capacity as vp and director of CIBC Wood Gundy Securities, Hendrick was also involved in various corporate financing activities.

MacDougall has served as Deputy Minister in a number of Prince Edward Island’s provincial government departments including Finance, Environmental Resources, Health and Social Services, and Transportation and Public Works. He has also served as the province’s Assistant Auditor General and Secretary of the Treasury Board.

The directors were selected by the federal government, in consultation with provincial governments, from a list of qualified candidates provided by a joint federal-provincial nominating committee.

The nominating committee, which was chaired by Michael Phelps, chairman of Dornoch Capital Inc., consisted of 10 members, one appointed by the federal government and one appointed by each of the nine participating provinces.