Wittington Investments has hired two new managing directors: Jane Segal, from the Healthcare of Ontario Pension Plan; as well as Zvi Orvitz, from the Ontario Teachers’ Pension Plan, who will lead investments in companies participating in the energy sector’s green transition. The Westons, one of Canada’s wealthiest families, own the holding company, and also control Loblaw. (The Globe and Mail)
Talking point: Wittington Investments is also looking to hire a third managing director, who would be responsible for funding disruptive-retail and consumer-products companies, a source told The Globe. Meanwhile, Wittington Ventures—a firm affiliated with the family’s empire—quietly launched its second fund last fall, a $120-million one for which Loblaw injected half the capital. The move shows the family’s increased commitment to backing startups.