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Revealed Dec 02, 2024 • 3 minute learn
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HOOPP declares the appointment of Annesley Wallace as the brand new President & Chief Government Officer (CEO), efficient April 1, 2025
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TORONTO, Dec. 02, 2024 (GLOBE NEWSWIRE) — The Healthcare of Ontario Pension Plan (HOOPP) is happy to announce the appointment of Annesley Wallace as the brand new President & Chief Government Officer (CEO), efficient April 1, 2025. Ms. Wallace will take over from Jeff Wendling, who introduced his retirement in September and has served as CEO since 2020.
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Ms. Wallace brings a monitor file of management throughout funding administration and pension administration, and is properly suited to additional HOOPP’s mandate to ship safe, lifelong pensions to Ontario’s healthcare employees.
Ms. Wallace is presently the Government Vice President of Technique and Company Improvement and President, Energy and Power Options at TC Power. Her funding expertise consists of overseeing a $32 billion international infrastructure portfolio as Government Vice President and International Head of Infrastructure at OMERS, delivering risk-adjusted returns and offering robust, constant efficiency and important worth for members. As Chief Pension Officer at OMERS, she led initiatives that enhanced member engagement, digital companies, and the general member expertise for over 500,000 plan members.
Along with her management roles at TC Power and OMERS, Ms. Wallace has been appointed to quite a few board positions, together with Bruce Energy, Toronto Area Board of Commerce and Ontario Infrastructure and Lands Company.
Ms. Wallace mentioned she is trying ahead to working carefully with HOOPP’s Board of Trustees and Government Crew to advance the group’s goals and foster clear, collaborative management.
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“One of many many causes I’m enthusiastic about becoming a member of HOOPP is that the group is uniquely positioned for fulfillment,” mentioned Ms. Wallace. “HOOPP is a top-performing pension plan, working as a part of an outlined profit system that’s admired globally. It has an exceptionally robust goal and gifted folks. It additionally has a really shiny future, given its present funded standing and scale, mandate within the healthcare sector and alternatives for progress throughout membership and employer teams.”
Dan Anderson, Chair of HOOPP’s Board of Trustees, mentioned: “The search by our Board for this critically essential place was intensive and we met with quite a few extremely certified candidates. Annesley is our most popular candidate, and we all know she is the precise individual to guide the group and to proceed our mission of offering retirement safety to greater than 460,000 healthcare employees in Ontario.”
As HOOPP continues its work to implement the 2025-29 Strategic Plan, Ms. Wallace will carry her collaborative management method to advancing HOOPP’s objectives.
“We’re constructing on an extremely robust platform, owing to Jeff’s management and the energy of the workforce at HOOPP,” mentioned Ms. Wallace. “We are going to proceed to construct on HOOPP’s success by delivering the perfect worth and expertise in retirement for healthcare employees of Ontario.”
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Ms. Wallace holds a Bachelor of Science and Grasp of Science in Engineering from Queen’s College, and a Grasp of Enterprise Administration from the Schulich College of Enterprise at York College.
Ms. Wallace will begin work with Mr. Wendling on March 1, 2025, as a part of a transition interval earlier than assuming the CEO duties on April 1.
“I sit up for working with Annesley throughout the transition interval,” mentioned Mr. Wendling. “We’ve got so many nice folks on this group. With Annesley’s management, and the imaginative and prescient of the Board, HOOPP is properly positioned for continued success.”
Gerry Rocchi, HOOPP Board Vice Chair, thanked Mr. Wendling for his 5 years as CEO and 26 years with HOOPP.
“Jeff helped HOOPP solidify its place as one of many top-performing pension plans on the earth and maintain us totally funded by way of a number of the most difficult market situations in historical past,” Mr. Rocchi mentioned.
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Word for broadcasters: Ms. Wallace’s first identify is pronounced ANNE-sley
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In regards to the Healthcare of Ontario Pension Plan
HOOPP serves Ontario’s hospital and community-based healthcare sector, with greater than 670 collaborating employers. Its membership consists of nurses, medical technicians, meals companies employees, housekeeping employees, and lots of others who present valued healthcare companies. In whole, HOOPP has greater than 460,000 lively, deferred and retired members.
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HOOPP operates as a non-public unbiased belief, and its Board of Trustees governs the Plan and Fund, specializing in HOOPP’s mission to ship on our pension promise. The Board is made up of appointees from the Ontario Hospital Affiliation (OHA) and 4 unions: the Ontario Nurses’ Affiliation (ONA), the Canadian Union of Public Staff (CUPE), the Ontario Public Service Staff’ Union (OPSEU), and the Service Staff Worldwide Union (SEIU). This governance mannequin supplies illustration from each employers and members in assist of the long-term pursuits of the Plan.
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Scott White, Senior Director, Media Relations and Exterior Communications
A photograph accompanying this announcement is obtainable at https://www.globenewswire.com/NewsRoom/AttachmentNg/e04003df-ce5b-4727-b9cb-1e104f5c68f7
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