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Alberta Fires Pension Manager's Board, CEO
Alberta Names Interim CEO for Pension Manager, Seeking Cost Cuts
Alberta’s government named a long-serving bureaucrat as interim chief executive officer of the province’s pension fund manager following Thursday’s shock firing of the entire board.Ray Gilmour, who joined the public service in 2007 and currently serves as deputy minister of the executive council,
Alberta government appoints interim CEO at embattled AIMCo after removing its board
Ray Gilmour was appointed by the government of Alberta, Canada, as the interim CEO of the C$168.9 billion ($121 billion) Alberta Investment Management Corp., Edmonton. On Nov. 7, the Alberta government of Premier Danielle Smith dismissed the entire 10-member board of AIMCo, citing underperformance issues and rising costs.
Alberta dismisses provincial pension manager's entire board, citing low returns
Canada's main crude-producing province Alberta dismissed the Alberta Investment Management Corp's (AIMCo's) entire board on Thursday, saying the pension manager had underdelivered returns from the investments of provincial government funds it manages.
Alberta Fires Pension Manager’s Board, CEO Over Rising Costs
Alberta Investment Management Corp.’s entire board was sacked by the provincial government, which said the money manager has increased compensation and staff but hasn’t produced acceptable returns. Alberta Finance Minister Nate Horner will temporarily become the fund manager’s chairman and sole director as the government of the Canadian province overhauls the firm.
Alberta government fires AIMCo board, four top executives, in 'reset' for pension fund manager
The province says the move comes "after years of AIMCo consistently failing to meet its mandated benchmark returns." For now, Finance Minister Nate Horner has been appointed the AIMCo board's sole director and chair.
Deputy minister appointed interim CEO of AIMCo after Alberta government fires board
Longtime Alberta bureaucrat and top deputy minister Ray Gilmour has been appointed interim leader of the Alberta Investment Management Corporation, the Crown agency set up to manage public pensions and investments at arm's-length from government.
4h
on MSN
Alberta looks to increase influence with new U.S. administration
Alberta is determined to raise its profile with the incoming Donald Trump administration, according to the province’s ...
CTV News
2h
Group gathers for 'celebration' of Alberta's new transgender policies
I feel empty': Transgender skier worries
Alberta
bill would ban her from competing 'Sports is a human right': Advocates say ...
Edmonton Journal
6h
Alberta RCMP charge man for bringing fake gun into Cold Lake hospital
Alberta Mounties have arrested and charged a man this week for bringing a fake gun into a Cold Lake hospital and resisting ...
2d
on MSN
Alberta government proposes new privacy law to safeguard personal information
The Alberta government seeks to overhaul privacy and access laws for the public sector, introducing legislation that ...
4d
Alberta farmer convicted in deaths of Métis hunters has day parole extended
An Alberta farmer convicted of manslaughter in the deaths of Métis hunters Jacob Sansom and Maurice Cardinal in 2020 has been ...
Oil
1d
Dow’s net-zero petrochemicals project progresses in Alberta
Dow Canada's Fort Saskatchewan Path2Zero expansion and retrofit project continues to progress in
Alberta
’s Industrial ...
City News
14h
Alberta enforcement agencies seize $1 Million worth of fentanyl
One of the biggest drug busts in a law enforcement agency's history, an estimated 1 million dollars of fentanyl was retrieved by the police during the October 2nd drug bust operation, just within ...
The Vancouver Sun
1d
B.C. man arrested at Alberta 'super lab' that produced fentanyl
Police in Alberta have dismantled a fentanyl “super lab” and have arrested a B.C. man who they allege was the operation’s ...
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