Mark Machin Biography – Mark Machin Wiki
Mark Machin was the President and CEO of the Canada Pension Plan Investment Board (CPPIB) from 2016 to 2021. He resigned from his position on 26 February 2021 and was replaced by John Graham. The Board of Directors of Canada Pension Plan Investment Board (CPP Investments) issued the following statement on February 26, 2021:
“Since 1999, CPP Investments has existed to help provide a foundation upon which millions of Canadians can build their financial security in retirement. In practice, that requires managing nearly $500 billion in assets at arm’s length from federal and provincial governments, relying on a skilled, experienced and professional team. Leadership is, therefore, fundamental to meeting our objectives on behalf of Canadians and we take that responsibility of leadership very seriously.
“Recently, our CEO Mark Machin decided to travel personally to the United Arab Emirates where he arranged to be vaccinated against COVID-19. After discussions last evening with the Board, Mr. Machin tendered his resignation and it has been accepted.
“Mr. Machin has provided outstanding leadership to the organization as a senior executive and then CEO. His significant accomplishments will help to strengthen Canadians’ retirement income security for many decades to come. The Board wishes to thank Mr. Machin for his global perspective, leadership and commitment to excellence and we offer him our sincere best wishes for the future. In his resignation, Mark emphasized his honour and pride in leading one of the finest global investment organizations over the last five years and deeply appreciates the tremendous diligence and talent of the entire CPP Investments team. He added that he is very grateful for the dedication and guidance of the Board of Directors over the years as well as the tenacity, partnership and camaraderie of the senior management team.”
He joined CPPIB as head of its Asia operations in 2012. The fund promoted him to CEO in 2016. In 2018, he was named one of Canada’s Top 10 CEOs by Glassdoor, one of the world’s leading job and recruitment websites. Among CEOs in Canada, Mark received a 98% approval rating. The rating is based on anonymous and voluntary CPPIB employee reviews on Glassdoor throughout the year. Among the 770,000 companies reviewed on Glassdoor, the average CEO approval rating is 69%. Dr. Heather Munroe-Blum, CPPIB Chairperson said at the time: “On behalf of CPPIB’s Board of Directors, I extend my congratulations to Mark on this employee-generated award. Given that an organization’s culture is driven by senior leadership, this endorsement by employees sends an important message about CPPIB’s culture and as a favoured workplace. Mark’s leadership and focus on CPPIB’s special public purpose and our global investment mandate are commendable.”
Mark holds a BA in Physiological Sciences from Oriel College, Oxford University, and an MB BChir from Downing College, Cambridge University.
Mark Machin Age
He was born in 1966, in England, United Kingdom.
Mark Machin Wife – Mark Machin Partner
Machin married his wife Melissa Mowbray-d’Arbela in 1999. They have since separated. In March 2021, The Globe and Mail reported that the “former CPPIB boss split from his wife, entrepreneur Melissa Mowbray-d’Arbela, more than a year ago.” He and his wife have two children. She and the couple’s two daughters are based in Hong Kong.
Mark Machin Salary
Mark Machin made C$5.385 million in 2020. He was paid a total of C$5.265 million ($3.92 million USD) for the year ending on March 31, 2019, according to the board’s annual report. That compensation was a mix of salary and incentive pay, including in-year and deferred awards, the report showed. According to the report, the CPPIB had estimated that it would pay Machin C$3.565 million for the year. However, bonuses bumped his final pay up by C$1.7 million. Machin had earned roughly C$4.569 million in the fiscal year 2018, and $4.507 million in the fiscal year 2017, according to past annual reports.
Mark Machin Net Worth
Mark Machin’s net worth is unclear.