HOOPP Appoints New Leaders to Strengthen Executive Team
HOOPP Strengthens Its Executive Leadership Team
Today, the Healthcare of Ontario Pension Plan (HOOPP) is excited to announce significant changes within its executive leadership team aimed at enhancing its operational efficiency and leadership effectiveness.
New Roles and Promotions
Linda Halley Takes on Chief Risk Officer Role
Linda Halley is stepping into the role of Chief Risk Officer. With 24 years of dedicated service at HOOPP, Linda has a wealth of experience, having held several senior positions in the finance department. Her journey began at a prominent accounting firm, and she recently served as the interim Chief Financial Officer, demonstrating her capability and familiarity with the organization's financial landscape. In her new position, she will be responsible for overseeing Enterprise, Operational and Investment Risk, alongside Corporate Strategy.
Mary Abbott Expands Responsibilities
Mary Abbott, who has served as the Chief Legal Officer, will now add oversight of Public and Regulatory Affairs, Government Relations, and Compliance to her legal responsibilities. Mary joined HOOPP in 2021 with over 20 years of expertise in corporate law, having advised various stakeholders on a multitude of legal matters. Her expanded role underscores HOOPP's commitment to robust governance and compliance practices.
Elena Palumbo’s Expanded Mandate
Elena Palumbo, the Chief Human Resources Officer, will now also lead Enterprise Communications and Corporate Services. Since joining HOOPP in 2016, Elena has played a pivotal role in shaping the organization's talent management and learning programs, leveraging her extensive experience in human resources management.
Angela Waite Joins as Chief of Staff
Angela Waite is joining the Executive Team as the Chief of Staff and Corporate Secretary. With over 15 years at HOOPP, Angela transitioned from legal practice to the organization and has been a cornerstone in governance and legal functions. In her new role, she will support both the President & CEO and the Board of Trustees, enhancing the leadership team further.
A Confidence in Leadership
Reflecting on these appointments, Annesley Wallace, President and Chief Executive Officer of HOOPP, expressed confidence in the leadership team's ability to execute the organization’s strategic objectives. He emphasized a collective dedication towards fulfilling the pension promise to Ontario's healthcare sector.
About Healthcare of Ontario Pension Plan (HOOPP)
HOOPP serves Ontario's hospital and community healthcare sectors, representing over 700 employers and more than 478,000 members including healthcare professionals. This includes nurses, technicians, and support staff who form the backbone of healthcare delivery.
Managing more than $123 billion in assets, HOOPP is fully funded and operates with a diversified investment portfolio across various asset classes globally. It plays a critical role in the Canadian economy, as evidenced by its annual payout of more than $3 billion in pension benefits to retired healthcare workers.
The governance of HOOPP is managed by an independent Board of Trustees, comprised of representatives from the Ontario Hospital Association and several unions, ensuring a balanced focus on the interests of both employers and members.
Contact Information
For additional information, please contact Scott White, Senior Director of Media Relations and External Communications at swhite2@hoopp.com.
Frequently Asked Questions
What changes were announced regarding HOOPP's executive team?
HOOPP has announced several key appointments and promotions within its executive leadership team, including Linda Halley as the Chief Risk Officer.
Who is the new Chief Risk Officer at HOOPP?
Linda Halley has been promoted to Chief Risk Officer after 24 years of service within the organization.
What new responsibilities does Mary Abbott have?
Mary Abbott will now oversee Public and Regulatory Affairs, Government Relations, and Compliance in addition to her legal responsibilities.
How long has Elena Palumbo been with HOOPP?
Elena Palumbo has been with HOOPP since 2016, bringing over 25 years of human resources experience.
What is HOOPP's role in the Ontario healthcare sector?
HOOPP serves as a pension plan for the healthcare sector, ensuring financial security for over 478,000 members including healthcare professionals and administrators.
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