Board Members
The plan sponsors – the OTF and the Ontario government – select board members with broad experience that is relevant to Teachers’ mandate.


Since 1990, the OTF and the Ontario government have successfully attracted board members with the appropriate qualifications in investments, finance, accounting, law, actuarial science, business management and technology to properly oversee management’s decisions and actions.

Each sponsor appoints four members and, together, they select the chair. Each board member is appointed for a two-year term and can only serve four consecutive terms. All members serve on the Investment Committee. If a member serves on the board of a corporation, trust or other entity that is a reporting issuer under securities laws, this information is disclosed under Affiliations.

The first chair, Gerald K. Bouey, was a former governor of the Bank of Canada and served from 1990 to 1996. Ted Medland, former CEO of Wood Gundy Inc., served as chair from 1997 to 1999. Robert W. Korthals, former president of The Toronto-Dominion Bank, was the chair from 2000 to 2006. Eileen Mercier, a former executive with Abitibi-Price Inc., was appointed chair effective January 2007.


Eileen Mercier, Chair of the Board
Eileen Mercier
Chair
Appointed 2005;
Chair since 2007

A management consultant and former senior vice-president and chief financial officer of Abitibi-Price Inc., Eileen Mercier’s career encompasses 40 years of general management experience in the forest products, financial services, integrated oil and communication industries, including senior positions at TD Bank and Canwest Capital Corp. 
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Affiliations >>

Rod Albert
Vice-Chair, Benefits Adjudication Committee
Member, Audit & Actuarial Committee
Appointed 2010

A lifelong educator, Rod Albert has served as president and general-secretary of the Ontario Secondary School Teachers’ Federation (OSSTF) and as president and member of the executive of the Ontario Teachers’ Federation (OTF). 
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Patricia  Anderson
Member, Audit & Actuarial and Governance Committees
Appointed 2012

Patricia Anderson has served on a wide range of boards, including SickKids Foundation, the Hospital for Sick Children, MaRS Discovery District and Roy Thomson Hall and Massey Hall. 
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Hugh Mackenzie
Chair, Human Resources & Compensation Committee
Chair, Benefits Adjudication Committee
Member, Governance Committee
Appointed 2007

Hugh Mackenzie manages an economic consulting firm and has worked as an economist for more than 35 years in the public, non-profit and trade union sectors. 
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Barbara  Palk
Member, Audit & Actuarial and Governance Committees
Appointed 2012

Barbara Palk has three decades of experience in institutional investment and investment management and is the former president of TD Asset Management Inc. She serves on the board of TD Asset Management USA Funds Inc., is chair of the board of trustees of Queen’s University and is a member of its Investment Committee. 
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Sharon Sallows
Chair, Governance Committee
Member, Human Resources & Compensation Committee
Appointed 2007

Sharon Sallows is a former partner at Ryegate Capital Corp., a Toronto-based company that provides merchant banking, financial and strategic advisory services. A former senior vice-president at the Bank of Montreal and executive vice-president at MICC Properties, Ms. Sallows has more than 30 years of business experience. 
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Affiliations >>

David Smith
Chair, Audit & Actuarial Committee
Member, Human Resources & Compensation Committee
Appointed 2009

David Smith is former chair and senior partner of PricewaterhouseCoopers and former CEO of the
Canadian Institute of Chartered Accountants. 
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Daniel  Sullivan
Member, Human Resources & Compensation and Governance Committees
Appointed 2010

Daniel Sullivan is the former deputy chairman of Scotia Capital Inc., the corporate and investment banking division of Scotiabank, where he enjoyed a successful 38-year career. He was consul general of Canada in New York from 2006 to 2010. Mr. Sullivan served as chair and director of the Toronto Stock Exchange and is former chair of the Investment Dealers Association of Canada. 
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Jean Turmel
Jean Turmel
Chair, Investment Committee
Member, Audit & Actuarial and Human Resources & Compensation Committees
Appointed 2007

Jean Turmel became president of Perseus Capital Inc., a fund management firm, in 2005. He enjoyed a successful 25-year career at the National Bank of Canada, where he retired as president of Financial Markets, Treasury and Investment Bank. 
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Affiliations >>
Posted February 2012