The chief executive of the fund that manages Canada Pension Plan investments has resigned after it was revealed that he decided to travel to Dubai in the United Arab Emirates, where he arranged to be vaccinated against COVID-19.
CPP Investments says Mark Machin tendered his resignation to the board Thursday night.
The board has appointed John Graham as the new CEO.
The federal government is actively discouraging Canadians from travelling abroad and recently implemented strict quarantine measures for those returning home.
Several politicians and health-care officials have become high-profile flashpoints of public anger in recent months for leaving the country despite public health advice to the contrary.
Among them, the former CEO of the London Health Sciences Centre is now embroiled in litigation after his travel to the U.S. prompted the hospital to terminate his contract.
Rod Phillips, Ontario’s former finance minister, resigned from his post in late December after taking a personal trip to Saint Barthélemy, a Caribbean island popularly known as St. Barts.
CPP Investments, which had $475.7 billion in assets under management as of Dec. 31, invests money on behalf of retired and active employees covered by the Canada Pension Plan.