Stephen Harper Named Chairman of Alberta Investment Management Corporation
The former prime minister takes on the role pro bono following a major overhaul of AIMCo's leadership.
- Stephen Harper, former Prime Minister of Canada, has been appointed as the chairman of AIMCo, Alberta's public-sector pension fund manager.
- The appointment comes after the Alberta government dismissed the entire AIMCo board and four senior executives on November 7 due to rising costs without improved returns.
- Harper will lead a newly reconstituted board, aiming to restore confidence and stability in AIMCo's operations.
- Concerns about potential conflicts of interest have been raised due to Harper's business affiliations and past investment pitches to AIMCo.
- The Alberta government has set an ambitious goal to grow the Heritage Savings Trust Fund to over $250 billion in 25 years, with Harper providing governance oversight.