Lothian Pension Fund to lose CEO this year
Doug Heron
Doug Heron resigned as CEO of Lothian Pension Fund, Edinburgh, and will leave later this year, a spokeswoman confirmed.
Mr. Heron will take up a similar role overseas, a news release said Thursday. Mr. Heron, who has been CEO since February 2019, could not be reached for comment about his next appointment.
The £8 billion ($11.2 billion) pension fund is searching for a new CEO externally. Mr. Heron will remain at Lothian until the summer to support the transition to the new CEO.
"Doug was appointed to LPF in February 2019 and, despite the challenges of the pandemic, he has led the fund well through a period of significant and positive change," Stephen Moir, executive head of resources at City of Edinburgh Council and chairman of the company that employs the fund's staff, LPFE, said in a news release.