Ontario Teachers’ Names Taylor as Next CEO to Succeed Mock
Ontario Teachers’ Names Taylor as Next CEO to Succeed Mock
(Bloomberg) -- Ontario Teachers’ Pension Plan named Jo Taylor as president and chief executive officer of the C$191.1 billion ($145.6 billion) fund manager, succeeding Ron Mock when he retires.
Taylor, who’s currently executive managing director of global development at Ontario Teachers’, will take on the role on Jan. 1, the Toronto-based pension fund manager said Tuesday in a statement. Taylor joined Ontario Teachers’ in 2012, leading Europe, Middle East and Africa operations and later assuming added responsibility for operations in Asia-Pacific before being appointed to his current role in August.
“We believe that Jo will enhance the total-fund approach, address the challenges of today’s investment environment, and uphold the tradition of successfully delivering on the pension promise for our members,” Ontario Teachers’ board chairman Steve McGirr said in the statement.
Mock, who became CEO in 2014, is retiring after almost two decades at Ontario Teachers’, according to the statement. Under his leadership, net assets increased 36% at the end of last year from C$140.8 billion at the end of 2013. In that period, the fund had a five-year annualized net return of 8%, according to the statement.
Total direct compensation for Mock in 2018 was C$5.2 million, according to the annual report.
“Ron has done a remarkable job of furthering Ontario Teachers’ global mandate,” McGirr said. “Ron has also had the foresight to focus on what lies ahead, both from an investment perspective and as the organization takes on the challenges of technology, innovation, and attracting and retaining top talent.”
Ontario Teachers’ manages the retirement savings of 327,000 active and retired teachers in Ontario, Canada’s most-populous province.
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