OPB & IMCO Board of Director Appointments

October 09, 2020
2 minute read
OPB & IMCO Board of Director Appointments

We are pleased to announce the appointment of Earl Dumitru, Suzann Pennington, and Robert Ritchie to OPB’s Board of Directors. We are also pleased to announce that Eric M. Wetlaufer has been appointed to IMCO's board as OPB's nominee director, replacing Hugh Mackenize, who we thank for his dedication and service to OPB over the past 15 years. Vincenza Sera will continue in her role on the IMCO Board representing OPB.

Board Member Appointments

To OPB's Board of Directors

Earl Dumitru

Earl Dumitru has been a legal and policy advisor with the Government of Ontario for more than twenty years. He brings breadth and depth in legal practice attained in increasingly complex and senior portfolios under five governments with diverse missions. Some notable files include liability reform, amendments to the Class Proceedings Act, developing a new Legal Aid Services Act, agency and industry governance, and oversight of capital projects.

Earl has also served on the Board of the Association of Law Officers of the Crown, (ALOC) for over 10 years and was elected President of ALOC from 2014-2018. As President, his responsibilities included collective bargaining, managing staff, budgets and audits, day-to-day operations, and developing a sustainable organization capable of meeting its fiduciary responsibilities to its members.

Suzann Pennington

Suzann is a retired senior finance executive with over 30 years’ experience in strategic planning, complex investments, M&A, risk management and ESG in public and private companies. As Managing Director and Chief Investment Officer of CIBC Global Asset Management, Suzann was responsible for over $110 billion in financial assets. She has held a number of senior finance positions including Vice President of Mackenzie Financial, and was a founding partner of a mutual fund company. Suzann holds a Bachelor of Mathematics degree from the University of Waterloo, a Chartered Financial Analyst designation, and the ICD.D designation from the Institute for Corporate Directors.

Rob Ritchie

Rob is the Chief Executive Officer of a defined benefit plan, with over 35 years of experience in the insurance, pension, and financial services industries. He spent 27 years with a major Canadian life insurance group with both domestic and international assignments, and has extensive experience in investment management and delivering total return and liability-oriented investment solutions. He also has a strong track record of building and operating successful business units, and recruiting and developing high-performing teams.

Rob holds a Bachelor of Business Administration from Wilfrid Laurier University and an MBA from the University of Toronto.

To IMCO's Board of Directors

Eric M. Wetlaufer

(Appointed on OPB’s behalf to the IMCO Board of Directors)

Mr. Wetlaufer has over 35 years of experience as an institutional investor. Most recently, he was responsible for leading the CPP Investment Board’s Public Market Investments department, investing over CAD$200 billion globally in publicly traded assets and related derivatives. Prior to that, he held executive roles in the investment management industry, including Group Chief Investment Officer, International at Fidelity Investments, Chief Investment Officer at Putnam Investments and Managing Director at Cadence Capital Management.

Mr. Wetlaufer provides counsel as a director, advisor, and investor to a range of large public to smaller private companies, with a focus on technology and financial sectors. He serves on the Board of Directors of the TMX Group (Toronto), Niyogin Fintech (Mumbai) and Enterra Solutions (Princeton, NJ). He has also served on the Board of the UN-supported Principles for Responsible Investment (PRI) and is past president of the CFA Society, Boston.

Visit OPB’s full Board of Directors listing.