OMERS Sponsors Corporation Announces Appointment of Laurie Hutchinson as New SC CEO
The OMERS Sponsors Corporation’s (SC) Board of Directors is pleased to announce Laurie Hutchinson as the new OMERS SC Chief Executive Officer, effective April 18, 2022. Her appointment follows the conclusion of a formal search initiated last year after Michael Rolland announced his retirement.
“Ms. Hutchinson has spent her career working with defined benefit pension plans and helping to strengthen Canada’s retirement system through her leadership and participation with industry organizations, large pension plans and regulators. She will be a terrific addition to the SC executive team,” said Frank Ramagnano, SC Board Chair.
As SC CEO, Ms. Hutchinson will be responsible for providing executive leadership and direction to the employees of the Sponsors Corporation and to help the SC Board efficiently and effectively deliver on its key responsibilities which focus on making appointments to both the AC and SC Boards, determining OMERS plan benefit levels and setting contribution rates.
“I appreciate the confidence the SC Board has placed in me. I am committed to delivering results in the best interest of OMERS members, employers and sponsors, and to working with the SC team and my OMERS Administration Corporation colleagues to ensure the OMERS plan remains sustainable, affordable and meaningful for decades to come,” Ms. Hutchinson said.
Laurie Hutchinson – Summary of Professional Background
Ms. Hutchinson is a strong proponent of pension governance. She served on the OMERS Administration Corporation Board from 2014 through March 2022, including as Chair of the Audit & Actuarial Committee. Additionally, she is a founding developer of the certified governance program for trustees of pension and benefits plans offered by the International Foundation of Employee Benefit Plans (IFEBP). Ms. Hutchinson is a Fellow of the Canadian Institute of Actuaries and a Certified Director.
She is a graduate of the University of Western Ontario and has also completed the Queen’s Executive Leadership program.