John Valentini on Monday was named interim president and CEO of the C$95 billion (US$88.5 billion) Public Sector Pension Investment Board, Montreal.
Mr. Valentini replaces Gordon Fyfe, who last week was named CEO and chief investment officer of the C$114 billion British Columbia Investment Management Corp., Victoria, effective July 7. Mr. Fyfe replaces Doug Pearce, who is retiring from BCIMC.
Mr. Valentini is executive vice president, chief operating officer and chief financial officer at PSP Investment Board. He will retain those duties while serving as interim president and CEO, spokesman Mark Boutet said.
The PSP Investment Board established a search committee to seek a permanent president and CEO. Mr. Boutet said the board is looking for an executive search firm to assist.
No timeline for a selection of a permanent CEO and president has been set, Mr. Boutet said.
The PSP Investment Board oversees investments for the Royal Canadian Mounted Police, Canadian Armed Forces and Reserve Force.