Message from the Chair and Vice-Chair (continued)
Strategic governance and OPTrustâ€™s new CEOIn November 2012, the Board was pleased to announce the appointment of Bill Hatanaka as OPTrustâ€™s President and CEO. Billâ€™s track record of leadership and his expertise in both investment management and operations makes him an ideal choice to lead OPTrust as we focus the entire organization on our mandate to deliver retirement security to our members.
The hiring of our new CEO supports the continued implementation of the Boardâ€™s strategic governance model. Under this model, the Trustees have delegated responsibility for most of OPTrustâ€™s operations to the CEO. This allows the Board to focus on OPTrustâ€™s policy and strategic direction to ensure effective and accountable decision-making, consistent with our responsibility to the Planâ€™s sponsors and our fiduciary duty to our members and retirees.
Board changesIn 2012, the Trustees welcomed three OPSEU appointees â€“ Randy Marie Sloat, Tim Hannah and Michael Grimaldi â€“ to the Board. We also said thank you and farewell to Alicia Czekierda, who left the Board after 10 years of service to the Plan and its members and retirees.
In February, 2013, Maurice Gabay left the Board after 6 years as a Trustee, including terms as the Boardâ€™s Chair and Vice-Chair, while Michael Grimaldi assumed the role of Vice-Chair.
We wish to express our thanks and appreciation to all our fellow Trustees, and to OPTrustâ€™s management and staff for the hard work and commitment they have shown to OPTrustâ€™s mandate over the past year. We look forward to working with them and the Planâ€™s sponsors as we continue to deliver retirement security to our members and pensioners in the years ahead.