Canadian Pension Fund Puts CEO Dobson on Leave, Names New Chair

The CAAT Pension Plan, a Canadian fund that manages the retirement savings of hundreds of companies and institutions, placed its chief executive officer on leave amid scrutiny over its governance.

Chief Investment Officer Kevin Fahey was named acting CEO and the board appointed a new chair, Audrey Wubbenhorst, a college professor who has been a trustee since 2023.

In November, three of the pension plan’s senior executives approached the board with concerns about governance, urging trustees to investigate them, The Globe and Mail reported. The issues included a large vacation payment to CEO Derek Dobson and a ...