News & Analysis

AIMCo reappoints prominent businesswoman

Board member Cathy Williams will remain with $70bn pension fund manager Alberta Investment Management Corporation. As chief financial officer of Shell Canada, she helped oversee a multibillion dollar oil and gas concern.

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Alberta Investment Management Corporation (AIMCo) has reappointed a female board member with a prominent reputation in Canada.

Cathy Williams, a widely considered businesswoman, received a nod to remain on the board of pension fund manager AIMCo through December 2012.

AIMCo, with $70 billion in capital, has three women on its board: Williams, ex-TD Canada Trust president Andrea Rosen, and onetime AXA Investment Management chief executive officer Virginia Holmes.

Williams has an MBA from Queen University and helped lead integrated oil and gasoline service provider Shell Canada as chief financial officer until she retired in 2007. Prior to Shell Canada, she worked for The Federal Business Development Bank in Ottawa, The Bank of Canada, and Nova Corporation.

She is also a director of oil and gas pipeline operator Enbridge and a director of coffee and doughnut maker Tim Hortons. In 2008, Williams was named a hall of fame member of WXM, an organization dedicated to the advancement and recognition of professional women in management in Canada.

AIMCo in November became part owner of Chilean electricity company SAESA and is headed by Leo de Bever, a pioneering direct investor in infrastructure.