Alberta Investment Management Corporation (AIMCo) announces the appointment of Mr. Jim Keohane as a member of the board of directors for a term to expire on May 26, 2024. This announcement follows the signing of the Order in Council, O.C. 160/2021, by the Lieutenant Governor of Alberta on May 27, 2021.
The Order also reappoints Ms. Jackie Sheppard as a member of the board of directors for a term to expire on June 30, 2024. Ms. Sheppard has been a member of AIMCo’s Board since July 1, 2018.
“Independence and best practice governance structures are critical to the long-term success of public asset managers. That AIMCo continues to attract the highest calibre of leadership is a testament to the autonomy with which we continue to execute against our mandate, on behalf of our clients,” said Mark Wiseman, AIMCo Board Chair. “Jim Keohane is an excellent addition to the AIMCo Board of Directors. Formerly, one of Canada’s longest serving pension plan CEOs, Jim brings to bear considerable pension plan expertise, and a uniquely informed perspective to ensure client objectives are fully aligned to long-term investment strategy.” The appointment of Mr. Jim Keohane fills the vacancy left by the departure in December 2020 of Mr. Robert L. “Jay” Vivian Jr., who had served two terms at the time of his retirement from the board.
“I am honoured to be appointed to the Board of Directors of AIMCo during this critical inflection point in the organization’s evolution,” said Jim Keohane. “AIMCo is an investment manager purpose-built according to the principles of the Canadian model, with substantial scale and in-house investment expertise. As a member of the Board, I am committed to further strengthening the organization to ensure it is the most effective platform from which its clients are able to achieve the sustainable long-term investment performance necessary to meet their objectives.”
“On behalf of the Board of Directors, I wish to thank Jay Vivian for his commitment to AIMCo since 2014. Jay brought a keen perspective to each meeting and demonstrated exemplary service for the benefit of all Albertans,” added Mark Wiseman. “Today’s re-appointment of Jackie Sheppard, recently appointed as Chair of the Governance Committee, ensures the organization may further benefit from her vast experience, while also maintaining an important degree of board continuity.”