US EditionPublished • loading... • Updated
Aimco Board Announces Ray Gilmour as Ceo
Ray Gilmour was confirmed as permanent CEO after a third-party review praised his leadership and fund stewardship at AIMCo, managing $179 billion in assets.
- On Dec. 16, AIMCo's board appointed Ray Gilmour as permanent chief executive officer, making the change effective immediately, according to a Tuesday announcement.
- After serving as interim CEO since Nov. 8 last year, Ray Gilmour took the role following Finance Minister Nate Horner’s dismissal of former CEO Evan Siddall and the board, with an independent third-party organisation reviewing his performance.
- Operationally, the fund named Peter Teti global head of private assets, hired John Walsh as chief legal officer, and promoted Justin Lord to chief investment officer earlier this year.
- AIMCo chair Stephen Harper said the board has complete confidence in Ray Gilmour's leadership, while the permanent unpaid board seat for the province's deputy minister of treasury board and finance raised governance questions.
- The revamped board, including three returning members, shaped AIMCo's longer-term governance since Harper's appointment, with Gilmour expected to keep costs under control and boost satisfaction, despite his unconventional background.
Insights by Ground AI
11 Articles
11 Articles
Winnipeg Free Press+7 Reposted by 7 other sources
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
Read Full Article
Coverage Details
Total News Sources11
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
To view factuality data please Upgrade to Premium
