CPP INVESTMENTS CEO RESIGNS AFTER GOING TO U-A-E FOR COVID-19 SHOT

Feb 26, 2021

By Bob Komsic

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The CEO of the fund that manages Canada Pension Plan investments has stepped down after it was revealed he went to the United Arab Emirates, where he received the Pfizer vaccine.
Mark Machin resigned after speaking with the Canada Pension Plan Investment Board.
He says he remains in Dubai with his partner ”for many reasons, some of which are deeply personal.”
This was a very personal trip and was undertaken after careful consideration and consultation,” reads a memo to staff.
The board’s appointed John Graham as CEO.
The Trudeau government’s discouraging Canadians from taking non-essential trips and has implemented stricter quarantine measures for those returning from abroad.
CPP Investments, which had $475.7-billion in assets under management as of December 31, invests money on behalf of retired and active employees covered by the Canada Pension Plan.
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