The Healthcare of Ontario Pension Plan has announced four executive appointments that will see existing staff take on broader responsibilities across risk management, legal affairs, human resources and corporate governance.
Linda Halley has been promoted to Chief Risk Officer after 24 years with the organization. She will oversee Enterprise, Operational and Investment Risk, as well as Corporate Strategy. Halley previously served as interim Chief Financial Officer and worked in various finance roles including operational planning, financial reporting and accounting. She began her career at a large accounting firm before joining HOOPP.
Legal and compliance functions consolidated
Mary Abbott, Chief Legal Officer, will now also oversee Public and Regulatory Affairs, Government Relations and Compliance alongside her legal team responsibilities. Abbott joined HOOPP in 2021 from private practice, bringing more than 20 years of experience advising Canadian pension plans, private equity sponsors and domestic and foreign companies on corporate law matters.
Elena Palumbo, Chief Human Resources Officer, adds Enterprise Communications and Corporate Services to her existing mandate. Palumbo joined HOOPP in 2016 and has held progressively senior roles within the organization. With more than 25 years of human resources experience, she has been involved in launching HOOPP’s talent management strategy and learning and development programs.
Angela Waite will join the Executive Team as Chief of Staff and Corporate Secretary. Waite has been with HOOPP for over 15 years, initially joining as a lawyer from private practice. She has worked on the development and oversight of HOOPP’s Corporate and Governance legal functions and Privacy Office. In her new role, Waite will report to the President and CEO and support HOOPP’s Board of Trustees.
Leadership confidence in expanded roles
“I have full confidence in our Executive Team, whose leadership will guide us in delivering on our corporate strategy. Together, we are dedicated to fulfilling our pension promise and strengthening the financial future of Ontario’s healthcare community,” said Annesley Wallace, President and Chief Executive Officer of HOOPP.
HOOPP serves Ontario’s hospital and community-based healthcare sector with more than 700 participating employers. The plan has more than 478,000 active, deferred and retired members, including nurses, medical technicians, food services staff, housekeeping staff and physicians.
The pension plan is fully funded and manages a diversified portfolio of more than $123 billion in assets across multiple geographies and asset classes. HOOPP pays more than $3 billion in pension benefits to retired Ontario healthcare workers annually.
