Neil Petroff, the executive vice president and CIO of Ontario Teachers’ Pension Plan, has decided to retire effective on June 1, 2015. A former financial services professional, Petroff joined Ontario Teachers in 1993 and assumed his current responsibilities in 2009. The Toronto-based pension fund manager said an internal and external search will be undertaken to find a successor. Ron Mock became president and CEO of Ontario Teachers in May 2013.
Teachers’ Chief Investment Officer Neil Petroff Retiring June 1
TORONTO, March 30, 2015 /CNW/ – Ron Mock, President and CEO of the Ontario Teachers’ Pension Plan (Teachers’) today announced that Neil Petroff, Executive Vice President and Chief Investment Officer is retiring, effective June 1.
“Neil’s contribution to teachers’ success cannot be overstated,” said Mr. Mock. “Neil has worked in various areas of the Investment Division and taken on progressively senior level positions leading up to his current role as EVP and Chief Investment Officer. During his tenure, our strong and talented Investment Division team has grown our global presence substantially, and cemented our brand internationally.”
“I have been lucky enough to hold the best job in Canada for the past six years,” Mr. Petroff said today in advance of the organization’s annual employee town hall. “I’ve been working closely with our CEO Ron Mock and the investment team on the development of a new investment strategy over the past several months. This is the ideal time for my retirement, and for the next generation of investment professionals to move our new strategy forward.”
An internal and external search will be undertaken for a successor.
The Ontario Teachers’ Pension Plan is the largest single-profession pension plan in Canada. It will announce its 2014 annual rate of results tomorrow, Tuesday, March 31.
An independent organization, it invests the pension fund’s assets and administers the pensions of 311,000 active and retired teachers in Ontario. For more information, visit www.otpp.com. Follow us on Twitter @OtppInfo
SOURCE Ontario Teachers’ Pension Plan
For further information: Deborah Allan, Vice-President, Communications, (416) 730-5347, firstname.lastname@example.org
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