Alberta government takes control of AIMCo with sweeping leadership overhaul [Wealth Professional (Canada)]
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Source: Wealth Professional
A meeting designed as a leadership retreat for senior staff at the Alberta Investment Management Corporation (AIMCo) quickly turned into a dramatic overhaul of the organisation, according to BNN Bloomberg Evan Siddall, then-CEO, had gathered around 170 senior employees at The Westin Edmonton for a session on “how to lead from a place of joy” taught by The Moth, a storytelling nonprofit. The atmosphere shifted abruptly when Alberta Finance Minister Nate Horner arrived to deliver unexpected news. Horner informed Siddall and three other executives that they were being dismissed . Their phones and laptops were confiscated before they left the building. Horner then addressed the remaining staff to announce the removal of the entire board of directors. The move highlighted the Alberta government's intention to assert control over AIMCo. “To restore confidence in the agency, Alberta's government has decided to reset the investment corporation's focus with a new CEO and board,” the
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