Brookfield Asset Management Announces Changes in Chair of the Board of Directors

Published: 2025-01-16 18:00:00 ET BAM

Brookfield Asset Management announced the appointment of Bruce Flatt as Chair of the Board of Directors, in addition to his role as Chief Executive Officer. He replaces Mark Carney, who announced his candidacy for the leadership of the Liberal Party of Canada. Concurrent with the launch of Mr. Carneys campaign, Brookfield has accepted his resignation from the company.

In discussing Mark Carneys decision, Mr. Flatt said, Mark has been a tremendous partner to the firm since he joined nearly five years ago, both in his role as Chair of Brookfield Asset Management for the past two years, and notably in establishing Brookfield as the leading private capital investor in the energy transition. He continued, Under Connor Teskeys leadership, the company deep bench of experienced investment and operating professionals will continue to steer Brookfields transition investing activities.