Mark Machin, Chairman of the Board of Directors of the Canadian Investment Fund (Canada Pension Investment), stepped down after traveling to the UAE to receive a vaccine against Covid-19.
The Canadian official traveled in violation of travel instructions issued by his country’s government, and in conduct that was met with criticism.
On Friday, the fund’s board of directors issued a decree appointing John Graham as chief executive. He is currently managing director and global head of credit investments in the nation’s largest pension funds.
Machin, the second senior official in a company in Canada, resigns due to violating the rules for receiving the vaccine, indicating the disappointment of some with the slow introduction of vaccines in the country.