The Canada Pension Plan Investment Board (CPPIB) has appointed to new directors, federal finance minister Jim Flaherty announced Thursday.

Robert Brooks of Oakville, Ont., was the vice chairman of the Bank of Nova Scotia prior to retiring last fall.

Elaine McKinnon of Quispamsis, N.B., is chief financial officer and chief operating officer of Brovada, a Saint John-based software provider.

Directors of the CPPIB 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 Officer of Enbridge Inc., comprises 10 members, one appointed by the federal government and one appointed by each of the nine participating provinces.

The CPPIB is responsible for prudently investing Canada Pension Plan (CPP) investment funds in the best interests of CPP contributors and beneficiaries. It invests in a diversified portfolio of assets and operates at arm’s length from governments.