By Muskan Arora
After sacking the entire board, the provincial government of
Alberta has appointed Stephen J. Harper, the former prime minister of Canada, as
the new chair of board of the $124.5bn Alberta Investment Management Corp.
In less than two weeks of removing all 10 board members, the
news came in via press release on Wednesday morning.
However, several AIMCo’s board members have been re-appointed to the new board including Navjeet Singh Dillion, Jason Montemurro and James Keohane.
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“Mr. Harper’s almost decade-long governance experience as a G7 leader and his strong track record as a steward of tax dollars makes him the ideal candidate to serve our province as chairman of the newly reconstituted AIMCo board of directors,” said Nate Horner, president of the Treasury board and minister of Finance in the release.
"I am taking on this role, and doing so on a pro-bono
basis, because I believe it is a meaningful act of public service to my adopted
home province of the last 46 years," Harper said in the news release.
Born in Ontario, he has served as Canada’s 22nd
prime minister between 2006 and 2015.
While announcing Harper’s hiring, premier Danielle Smith disclosed
her government’s goal of building the Heritage Savings Trust Fund to more than
$250bn in the coming 25 years.
