Peter Anderson Announces Plan to Step Down as CEO of CI Financial by mid-2020

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Peter Anderson Announces Plan to Step Down as CEO of CI Financial by mid-2020

Canada NewsWire

TORONTO, April 16, 2019 /CNW/ - CI Financial Corp. ("CI Financial") today announced that the Board of directors has been advised by CEO, Peter Anderson that he plans to retire no later than the end of his employment contract.

Mr. Anderson has been the CEO of CI Financial since mid-2016. He returned to CI Financial that year to assume the position, after a 3-year absence during which he served as a director of a number of companies.  At the time of his appointment as CEO, Mr. Anderson and the Board entered into an employment agreement, which has been extended once and now terminates June 30, 2020.  Mr. Anderson has told the Board that it is his intention to retire no later than the end of this contract. The Board intends to take this opportunity for a complete review of executive management required for the future growth of the company.  The Board has asked Mr. Anderson to participate with the Board in this evaluation and to continue the executive transition which commenced under his leadership.

Mr. Anderson said "We have accomplished a lot at CI Financial since my return, and I think this is the perfect time to transition the company to younger leadership with a longer time horizon. We have excellent senior management throughout the company and I am confident CI is in a strong position to compete in this fast-moving environment. I will work with the Board and the management team to successfully transition the company."

Chairman of the Board Bill Holland said "On behalf of the Board, I want to thank Peter for his superb leadership of the company through what has been the most difficult period in the history of this industry."

CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company.  CI offers a broad range of investment products and services, including an industry-leading selection of investment funds.  CI is on the Web at www.ci.com/cix.

SOURCE CI Financial Corp.

View original content: http://www.newswire.ca/en/releases/archive/April2019/16/c5277.html

Copyright CNW Group 2019

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).