The Council of Institutional Investors selected Bob McCormick to serve as its new executive director. Amy Borrus, the current executive director, is retiring effective June 30.
“With Bob at the helm, CII will be well-positioned to build on Amy’s success in advancing good corporate governance, strong shareholder rights and fair financial markets, while expanding CII’s membership and programming,” said Aeisha Mastagni, CII’s board chair and a senior portfolio manager at the California State Teachers’ Retirement System in a statement about the leadership change. McCormick currently serves as a senior adviser to Third Economy and as a part-time adviser at strategic advisory firm PJT Camberview. He is also on the advisory boards of Columbia Law School’s Millstein Center for Global Markets and Corporate Ownership and the University of Delaware’s Weinberg Center on Corporate Governance.
In previous roles, he led the proxy voting team at Fidelity Investments and was chief policy officer at Glass Lewis.
Borrus, who announced her plans to retire in October 2023, has served as executive director since July 2020. She first joined CII in 2006 as deputy director after 25 years of business reporting for Businessweek magazine.
During Borrus’ tenure, CII has been active on issues important to institutional investors, including public policy, shareholder advocacy and stewardship, and corporate governance. In the last year, CII has published reports on management succession planning disclosure in proxy statements, cost-benefit analysis requirements in federal policy decisions and dual-class stock structures.
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