Everence, the $2.2bn US faith investor which recently announced a revamp of its environmental screening policy, is looking for a new head. The role will be based in Goshen, Indiana and will take over from current President and CEO Larry Miller. The firm’s board announced a Presidential Succession Committee late last year, to be chaired by board member Pat Swartzendruber. It expects to announce the appointment of a new CEO for employment in September 2014.
Ernst Ligteringen is stepping down as chief executive of the Global Reporting Initiative (GRI), the sustainability reporting body. He will leave GRI by the middle of 2015, having indicated his desire to look for a new role over the past year, having been with the GRI for 11 years. The GRI has hired recruitment firm Perrett Laver to help it find Ligteringen’s successor. Announcement
Stephen Nichols has resigned at chief executive of the Pensions Trust, the £5.7bn (€6.8bn) fund for the UK’s charitable, social, education, voluntary and not-for-profit sectors. Nichols, who joined the Trust, which offers an Ethical Fund and which is a signatory to the Principles for Responsible Investment, in 2002. He had been CEO since 2007. It is expected that the Trust will appoint an Interim CEO until a permanent appointment is made.
Kathleen Kennedy Townsend, the former Lieutenant Governor in the State of Maryland, has joined the board of NewTower Trust. NewTower provides fiduciary and trustee services to the $6.8bn Multi-Employer Property Trust (MEPT). MEPT is owned by 320 multi-employer and public employee pension plans and, as a signatory to the Principles for Responsible Investment, is recognized as a pioneer in Responsible Property Investing.
Human rights lawyer Mark Stephens has been elected as the new chair of the Global Network Initiative. The GNI is the freedom of expression/privacy advocacy group where Calvert Investments’ Senior Vice President Bennett Freeman is Secretary of the Board. Stephens, a London-based partner at the law firm HowardKennedyFSI, takes over from Jermyn Brooks, who was in post for the past three years*Zoe Knight has been appointed Head of the Climate* Change Centre of Excellence at HSBC, replacing Nick Robins. Knight joined the team in 2010 and has extensive sell side research experience, previously covering European SmallCap and Socially Responsible Investing.
Ingeborg Schumacher-Hummel has been recruited by Swiss private bank J. Safra Sarasin to develop and head a new business line that will provide “mission-related” investments for foundations. She has 18 years experience in the Swiss sustainable investment industry and is a board member at FNG, the sustainable investment forum (SIF) for the German-speaking lands. She joins from Kaiser Partner Privatbank, a private bank in Liechtenstein.
Wiebe Draijer has been nominated as the new chairman of the executive board at Dutch bank Rabobank. Draijer, currently president of the Dutch Social and Economic Council (SER), will succeed Interim Chairman Rinus Minderhoud, who took over after the resignation of Piet Moerland in October last year. Draijer was formerly managing partner, Benelux, for consulting firm McKinsey. Announcement
Pehr Gyllenhammar, the Swedish industrialist, is standing down as chairman of wind power firm Arise AB. He said: “I have been the Chairman of the Board of Directors in the Company since 2007. This is a good point in time for me to hand over the chairmanship.” Arise’s Nomination Committee, which includes AP3’s Bengt Hellström, has suggested that Joachim Gahm should take his place.
As You Sow, the US environmental advocacy group, is seeking a CEO Pay Advocacy Program Manager. The person will “educate, engage, and organize” a broad range of investors to vote against excessive CEO pay packages and develop new social and environmental performance criteria to be linked to CEO pay evaluation.
350.org is hiring. The environmental campaign group is seeking a USA City and State Divestment Campaigner, US Divestment Digital Campaigner, Global ‘Artivist’ Coordinator and a European Digital Campaigner.