CI Financial announced April 16 that the company’s CEO, Peter Anderson, plans to retire no later than the end of his employment contract in mid 2020.
Anderson has been the CEO of CI Financial since mid-2016. He returned to CI Financial to lead the company after a 3-year absence during which he served as a director of a number of companies. At the time of his appointment as CEO, Anderson and the company’s board entered into an employment agreement, which has been extended once and now terminates June 30, 2020, explained the company. He has informed the company’s board he intends to retire no later than the end of this contract.
"We have accomplished a lot at CI Financial since my return, and I think this is the perfect time to transition the company to younger leadership with a longer time horizon,” stated Anderson. “We have excellent senior management throughout the company and I am confident CI is in a strong position to compete in this fast-moving environment. I will work with the board and the management team to successfully transition the company."
"On behalf of the board, I want to thank Peter for his superb leadership of the company through what has been the most difficult period in the history of this industry," said Chairman of the Board, Bill Holland.