CPP CEO To Retire, Mark Wiseman to Replace
David Denison, President and Chief Executive Officer of the Canada Pension Plan Investment Board (CPPIB) will be retiring from his position on June 30, 2012. He will be succeeded by Mark Wiseman, currently CPPIB’s Executive Vice-President, Investments.
The announcement was made by CPPIB’s Board of Directors today. “David Denison’s leadership has been exceptional in managing the assets of the CPP on behalf of 18 million Canadians while fostering a culture capable of undertaking the largest and most complex transactions in the world. He has developed a talented team dedicated to CPPIB’s purpose while placing an uncompromising premium on integrity,” said Robert M. Astley, Chair of CPPIB’s Board of Directors. “His successor, Mark Wiseman, has been instrumental in helping to shape and execute CPPIB’s strategy over the last seven years, consistently demonstrating deep knowledge of our business and culture. We undertook a deliberate process, determined to select a successor who would continue to provide outstanding leadership. The Board unanimously agreed Mark Wiseman was the ideal choice.”
Denison triggered a long-term succession plan by advising the Board of Directors in June 2009 of his intent to retire in 2012. Since becoming President and CEO in January 2005, Denison launched CPPIB’s active investment approach, putting in place a professional team, internal capabilities and sophisticated systems. As a result, global investments across diverse asset categories in both public and private markets have significantly contributed to the Fund’s growth.
SEE RELATED STORIES FROM THE WDM CONTENT NETWORK:
- CPPIB and Oxford Properties to Build RBC Headquarters
- 99 Cents Only Stores to be Purchased for $1.6 Billion
“I am delighted with the Board’s selection of Mark Wiseman. He has been an outstanding colleague and leader within CPPIB,” said David Denison. “I can think of no one better suited and able to lead this great institution through its next stage of growth and evolution.”
Mark Wiseman, age 41, is currently responsible for CPPIB’s overall global investment programs, along with other responsibilities related to the organization’s long term strategy. He joined CPPIB in June 2005 after a senior leadership role at the Ontario Teachers’ Pension Plan. He has also served as officer with Harrowston Inc., a publicly traded Canadian merchant bank, and as a lawyer with Sullivan & Cromwell, practicing in New York and Paris. A former law clerk to The Right Honourable Beverley McLachlin at the Supreme Court of Canada, Wiseman holds a BA from Queen’s University and a law degree and MBA from the University of Toronto. He was also a Fulbright Scholar at Yale University where he obtained a masters degree in law and is a certified member of the Canadian Institute of Corporate Directors.
“It is a distinct honour to have been selected to lead this institution and to succeed an extraordinary leader like David Denison,” said Mark Wiseman. “I am committed to driving our existing culture focused on integrity, partnership and high performance, while carefully listening to and diligently serving our stakeholders. And, I look forward to taking the helm at a time when CPPIB is playing an increasingly important role globally, investing in order to ensure the long-term growth and sustainability of the CPP Reserve Fund.”
About Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, inflation-linked bonds, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in London and Hong Kong, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At December 31, 2011, the CPP Fund totalled $152.8 billion. For more information, please visit www.cppib.ca
Edited by: Kristin Craik
Marketing matters: from IBM to Kyndryl
Prior to joining Kyndryl as Chief Marketing Officer, Maria had a 25-year career at IBM, most recently as the tech giant’s CMO where she oversaw all marketing professionals and activities across North America, Canada and Latin America. She has held senior global marketing positions in a variety of disciplines and business units across IBM, most notably strategic initiatives in Smarter Cities and Watson Customer Engagement, as well as leading teams in services, business analytics, and mobile and industry solutions. She is known for her work with teams to leverage data, analytics and cloud technologies to build deeper engagements with customers and partners.
With a passion for marketing, business and people, and a recognized expert in data-driven marketing and brand engagement, Maria talks to Business Chief about her new role, her leadership style and what success means to her.
You've recently moved from IBM to Kyndryl, joining as CMO. Tell us about this exciting new role?
I’m Chief Marketing Officer for Kyndryl, the independent company that will be created following the separation from IBM of its Managed Infrastructure Services business, expected to occur by the end of 2021. My role is to plan, develop, and execute Kyndryl's marketing and advertising initiatives. This includes building a company culture and brand identity on which we base our marketing and advertising strategy.
We have an amazing opportunity ahead at Kyndryl to create a company brand that will stand apart in the market by leading with our people first. Once we are an independent company, each Kyndryl employee will advance the vital systems that power human progress. Our people are devoted, restless, empathetic, and anticipatory – key qualities needed as we build on existing customer relationships and cultivate new ones. Our people are at the heart of this business and I am deeply hopeful and excited for our future.
What experiences have helped prepare you for this new opportunity?
I’ve had a very rich and diverse career history at IBM that has lasted 25+ years. I started out in sales but landed explored opportunities at IBM in different roles, business units, geographies, and functions. Marketing and business are my passions and I landed on Marketing because it allowed me to utilize both my left and right brain, bringing together art and science. In college, I was no tonly a business major, but an art major. I love marketing because I can leverage my extensive knowledge of business, while also being able to think openly and creatively.
The opportunities I was given during my time at IBM and my natural curiosity have led me to the path I’m on now and there’s no better next career step than a once-in-a-lifetime-opportunity to help launch a company. The core of my role at Kyndryl is to create a culture centered on our people and growing up in my career at IBM has allowed me to see first-hand how to prioritize people and ensure they are at the heart of progress in everything Kyndryl will do.
How would you describe your leadership style?
I believe that people aren't your greatest assets, they are your only assets. My platform and background for leadership has always been grounded in authenticity to who I am and centered on diversity and inclusion. I immigrated to the US from Chile when I was 10 years old and so I know the power and beauty that comes from leaning into what makes you different from other people, and that's what I want every person in my marketing organization to feel – the value in bringing their most authentic self to work every day. The way our employees feel when they show up for themselves authentically is how they will also show up for our customers, and strong relationships drive growth.
I think this is especially true in light of a world forever changed by the pandemic. Living through such an unprecedented time has reinforced that we are all humans. We can't lead or care for one another without empathy and I think leaders everywhere have been reminded of this.
What’s the best leadership advice you’ve received?
When I was growing up as an immigrant in North Carolina, I often wanted to be just like everyone else. But my mother always told me: Be unique, be memorable – you have an authentic view and experience of the world that no one else will ever have, so don't try to be anyone else but you.
What does success look like to you?
I think the concept of success is multi-faceted. From a career perspective, being in a job where you're respected and appreciated, and where you can see how your contributions are providing value by motivating your teams to be better – that's success! From a personal perspective, there is no greater accomplishment than investing in the next generation. I love mentoring younger professionals – they are the future. I want my legacy as a leader to include providing value in work culture, but also in leaving a personal impact on the lives of professionals who will carry the workforce forward. Finding a position in life with a job and company that offers me a chance at all of that is what success looks like to me.
What advice would you give to your younger self just starting out in the industry?
I've always been a naturally curious person and it's easy for me to over-commit to projects that pique my interest. I've learned over years of practice how to manage that, so to my younger self I’d say… prioritize the things that are most important, and then become amazing at those things.