Sharon Sallows appointed to Teachers' Board of Directors

    TORONTO, April 24 /CNW/ - On behalf of the Executive and Board of
Governors, Ontario Teachers' Federation President Hilda Watkins is pleased to
announce, the appointment of Sharon Sallows to the Board of Directors of the
Ontario Teachers' Pension Plan.
    Active in the financial world for more than 30 years, Sharon Sallows is a
graduate of Carleton University, The London School of Economics and The
Wharton School (University of Pennsylvania). Sallows completed her PhD in
1978. In addition to senior positions with the Bank of Montreal, MICC
Properties, Sallows has provided financial advisory services to all three
levels of government as well as many private sector companies.
    Currently, Sallows is a Partner in Ryegate Capital, a company engaged in
private sector merchant banking as well as the provision of financial and
strategic advisory services to institutional and corporate clients in Canada
and the U.S.
    "The teachers of Ontario are pleased to be able to appoint Sharon Sallows
to the Board of the Ontario Teachers' Pension Plan," Watkins said. "A woman
with significant background in the financial and corporate banking field such
as Sharon will ably represent us on the board of one of the largest financial
organizations in Canada."
    Sallows currently sits on the Board of Riocan Real Estate Investment
Trust and is the Chair of the Board of Executive Risk Services.
    The appointment is effective immediately. Sharon Sallows fills a vacancy
created by a resignation and will complete the term until December 31, 2007.
She was chosen following an extensive search by the OTF Executive and Board.
    The Ontario Teachers' Pension Plan is jointly sponsored by the Ontario
Teachers' Federation and the Government of Ontario. Each partner appoints four
members to the board and jointly appoint a nineth person to serve as Chair.
Directors serve for two years-renewable to a maximum of eight years.

    The Ontario Teachers' Federation is the advocate for the teaching
profession in Ontario and for its 155,000 teachers. OTF members are full-time,
part-time and occasional teachers in all the publicly funded schools in the
province-elementary, secondary, public, Catholic and francophone.

For further information:

For further information: Rhonda Kimberley-Young, Secretary-Treasurer,
(416) 966-3424

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Ontario Teachers' Federation

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