Stephen Griggs Leaving OPTrust

Cites board interference as reason.

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85004_boardroom_2Stephen Griggs, CEO of the OPTrust pension plan, is departing after less than one year on the job, citing interference by the board, reports the Globe and Mail.

Griggs joined OPTrust last June, but has since issued a statement complaining about interference from the pension’s board and criticizing board members for a lack of investment expertise.

“There were a number of incidents that made it very clear to me that the board was disagreeing with me on a number of important strategic and operational and people issues,” Griggs told the newspaper. “I’m sure they had their reasons for what they are doing, but after a number of difficult conversations it was clear it was time for me to leave.”

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