bcIMC’s Board of Directors Appoints Korn/Ferry International to Assist with the Recruitment of the Chief Executive Officer / Chief Investment Officer

September 27, 2013

Victoria, B.C. – The bcIMC board of directors announced on August 27, 2013 that Doug Pearce will retire from his position as chief executive officer/chief investment officer in 2014.

bcIMC’s board of directors is responsible for selecting and appointing Doug Pearce’s successor. As this is the Board’s most important function, the entire Board is serving as the Search Committee. The Board has a comprehensive succession plan in place and our first step involved the appointment of a leading executive search firm to assist us as we consider internal and external candidates. After meeting with candidate firms, the Board selected Korn/Ferry International. This firm is a leading global provider of executive search services with offices in 40 countries and expertise in global financial services.