(Edmonton) Former Prime Minister Stephen Harper is the new chair of the Alberta Investment Management Corporation, or AIMCo, which oversees more than $160 billion in funds, including pension funds and the Heritage Savings Trust Fund.
Posted at 2:41 p.m.
Lisa Johnson
The Canadian Press
The move comes almost two weeks after the province’s finance minister fired the Crown agency’s entire board of directors, along with a number of executives, citing skyrocketing costs and underperformance. below the standard.
Premier Danielle Smith said the move was a step towards the long-term success of AIMCo.
Mme Smith said the goal is to grow the province’s Heritage Fund, which is valued at $23 billion, to more than $250 billion over the next 25 years.
The province added that Mr. Harper had clarified that he would do the work without being paid.
She also said that three of the fired board members have been reappointed and will serve under President Stephen Harper.
Canada
