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The Canada Pension Plan Investment Board is readying for a change to the senior management team as its chief financial officer prepares to retire.

Benita Warmbold, who also held a senior managing director title, will exit the fund in June of this year, giving CPPIB months to find and appoint a successor. The fund will look for internal and external candidates for the role. That timeline will allow Ms. Warmbold to oversee all of CPPIB's 2017 fiscal year.

While Ms. Warmbold's retirement was expected, it adds to the staffing shuffle at the $300.5-billion pension fund under the leadership of Mark Machin, who became CEO in June last year. There have been changes to the real asset and public markets teams.

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Ms. Warmbold joined the fund in 2008 as chief operation officer at a time when the fund was led by David Denison and expanding its management team. She was later promoted to the CFO role, which included oversight of finance, analytics, risk and some other departments.

Before CPPIB, Ms. Warmbold worked as the CFO of money manager Northwater Capital Management.

In the future she plans to do more work on corporate boards, as well as devoting time to boards in the spheres of health care and education.

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About the Author
Financial Services Reporter

Jacqueline Nelson is a financial services reporter at the Report on Business. Prior to that she was a staff writer at Canadian Business magazine, covering news and writing features on a wide variety of subjects. More

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