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Derek Dobson stepped down as head of the Colleges of Applied Arts and Technology pension effective immediately, and agreed to repay a $1.6-million vacation payout he received in 2025. (The Logic)
Talking point: Dobson was placed on administrative leave last month after The Globe and Mail revealed the board approved the sizable vacation payout, as well as sanctioned a personal relationship between the CEO and another employee. Several executives left the $23-billion pension fund in January, having lost faith in Dobson’s leadership, triggering a governance and leadership upheaval. Dobson had led CAAT since 2009. “I am concluding my tenure with deep pride in what we accomplished together,” he wrote in a LinkedIn post Friday.
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