News Story

Board of Directors Announces Departure of CEO Sean Hewitt and Interim Leadership Transition

February 8, 2024

Toronto, ON – The Board of Directors at TTC Pension Plan (TTCPP) announces the departure of Sean Hewitt, our Chief Executive Officer, effective March 27, 2024.

Mr. Hewitt will join Vestcor Inc. as President and Chief Executive Officer. The Board wishes him every success in this new chapter. We wholeheartedly support his decision and acknowledge his significant contributions during his eight year tenure as our inaugural CEO.

Sean Hewitt has played a pivotal role in shaping the foundation of TTCPP. His leadership has been instrumental in crafting our vision, mission, and values – providing a blueprint for excellence that guides us in serving our members. Additionally, Mr. Hewitt assembled a highly qualified senior leadership team and laid out a comprehensive strategic plan that instills confidence as we embark on this new chapter.

The Board of Directors extends its sincere gratitude to Sean for his dedication and leadership, which have shaped TTCPP into the thriving organization it is today. Marvin Alfred, Board President, expressed, “Throughout the past eight years, Sean has been an indispensable leader and visionary for TTCPP. His passion and commitment have made a lasting impact on our organization, and we wholeheartedly support his move to Vestcor.”

Michelle N. Jones, Board Vice President, further added, “Sean’s leadership has been instrumental, leaving an indelible mark on TTCPP. His dedication has been evident, and we extend our full support for his new journey with Vestcor.”

Effective March 28, 2024, James Clarkson, our current Chief Financial Officer and Treasurer, will assume responsibilities as acting CEO on an interim basis. The Board is confident in James’ ability to provide stable and effective leadership during this transitional period. With over 20 years of pension expertise spanning finance, operations, compliance, and administration, Mr. Clarkson is well-suited to navigate us through this phase, leveraging his 11-year tenure with TTCPP. As we navigate this transition, the Board is optimistic about the future. We are committed to conducting a thorough search to identify a suitable candidate for the permanent CEO role. The Board is confident that we will find a qualified and capable individual to continue advancing TTCPP’s mission, vision, and values for our members.

We express our sincere appreciation to Sean Hewitt for his contributions and wish him continued success in his new role.

About TTCPP: The TTC Pension Plan (TTCPP) is a defined benefit pension plan that has been helping members ensure their secure financial retirement since 1940. Our goal is to provide our members with a reliable pension income they can count on for life. We are committed to serving every member with responsiveness, transparency and open communication, now and throughout their retirement.

For media inquiries, please contact:
Donna Miyasaki
Director, Communications

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