The Canada Pension Plan Investment Board (CPPIB) has announced three key senior executives will be leaving the organization.

After nine years with CPPIB, Nick Zelenczuk, senior managing director and chief operations officer, will retire at the end of May.

Eric Wetlaufer, senior managing director and global head of public market investments, will also depart at the end of May after almost seven years with the organization.

Following an announcement last July that Graeme Eadie would be stepping back from his role as global head of real assets, he will retire at the end of March.

Eadie, however, will continue as an advisor to CPPIB, focused on the investment review process.

CEO Mark Machin says CPPIB is well-positioned to ensure an orderly transition and is currently conducting a thorough assessment of potential candidates.

The CPPIB is a global investment management organization that invests the assets of the Canada Pension Plan and operates at arm’s length from the federal government.