The head of Canada’s largest pension fund has resigned after traveling to the Middle East and receiving a COVID-19 vaccination, BNN Bloomberg reports

Mark Machin, the 54-year-old executive director of the US $ 4,757 billion Canada Pension Plan Investment Board (CPPIB) received a vaccine from Pfizer Inc after arriving in the United Arab Emirates with his partner this month, Wall Street reported Journal (WSJ) on Thursday, citing people familiar with the matter

“Although the CPPIB is an independent organization, this is very worrying,” replied a spokeswoman for Canada’s Treasury Department. “The federal government has made it clear to Canadians that now is not the time to go abroad. We haven’t been up made this trip aware ”

“Following discussions with the board last night, Mr. Machin has submitted his resignation and he has been accepted,” said CPPIB in a statement John Graham has been named to replace him as chief executive officer

Machin, who was named president and CEO in June 2016, announced his resignation on Thursday evening

The CPPIB was established by Act of Parliament in December 1997, but is governed independently by the federal government.It manages Canada’s national pension fund, invests on behalf of approximately 20 million Canadians, and reports to a board of directors selected by the Canadian Minister of Finance

There is no specific ban on Canadians from traveling abroad, but federal and provincial governments have advised against traveling overseas to prevent the spread of the novel coronavirus

Canada is lagging behind many industrialized nations on vaccinations, with less than 3% of the population vaccinated to date Prime Minister Justin Trudeau’s government has been attacked by opposition leaders and provincial premieres for slow adoption

Some Canadian federal and provincial leaders resigned last month after their overseas vacation trips sparked public outrage

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Mark Machin

World News – CA – The CEO of the Canada Pension Plan Investment Board resigns after a trip abroad due to COVID shot