Endowments and Foundations

Andrew W. Mellon Foundation taps CPPIB executive as next CIO

Scott Taylor was named chief investment officer of the Andrew W. Mellon Foundation, New York, effective Sept. 4, the foundation said in a news release.

Mr. Taylor replaces John Hull, who retired March 31 after 16 years at the $6.8 billion foundation.

Mr. Taylor is currently the managing director of investment partnerships with the Canada Pension Plan Investment Board, Toronto, which manages investments for the C$356.1 billion ($274.4 billion) Canada Pension Plan, Ottawa, said the Mellon Foundation release.

Representatives of the foundation and CPPIB did not respond to calls for more information.

At the foundation, Mr. Taylor "will oversee the foundation's investment portfolio ... and will be a member of the senior management team that advises the president on strategic and policy matters," the news release said.

"Scott's breadth of experience and depth of knowledge across a wide range of investment strategies, as well as his proven leadership skills, make us confident that the Mellon Foundation will be able to continue to provide generous support to the arts, humanities and higher education," said Eric Mindich, chairman of the foundation's investment committee, in the release.