Pension Funds

Canada Pension Plan Investment Board losing 3 senior managing directors

Three senior managing directors — Nicholas Zelenczuk, Eric M. Wetlaufer and Graeme Eadie — are leaving the Canada Pension Plan Investment Board, Toronto, confirmed spokesman Dan Madge in an email.

Mr. Zelenczuk, also chief operations officer, will retire effective May 31. Mr. Wetlaufer, also global head of public market investments, also will leave CPPIB effective May 31; he is taking some time off to focus on his family and will then decide what his next step might be, said Mr. Madge.

CPPIB is currently seeking replacements for both men and will appoint successors "in due course," a news release said.

Mr. Eadie is retiring from CPPIB effective March 31 but will continue as an adviser. He was formerly global head of real assets at CPPIB and was replaced by Edwin D. Cass, also a senior managing director, on July 15.

The CPPIB had C$328.2 billion ($263 billion) in assets as of Sept. 30.