Doug Ford’s former right-hand man, Dean French, reportedly orchestrated the dismissal of the chair of A public pension board, the Investment Management Corporation of Ontario, and appointed three new members, the day before he resigned amid a cronyism scandal.
The board manages assets on behalf of the Ontario Pension Board and the Workplace Safety and Insurance Board.
Ford’s press secretary defends the moves.
”The former board of IMCO was not delivering on its expressed mandate to pool assets,” said Ivana Yelich.
”As a result, the government appointed new directors to get a better understanding of the issues at hand and explore ways to improve the fund’s performance.”
Yelich points out the premier’s examining the overall appointments process following French’s departure.