Brookfield Asset Management announced the appointment of Bruce Flatt as Chair of its Board of Directors, in addition to his existing role as Chief Executive Officer. This change follows the resignation of Mark Carney, who stepped down to pursue a political candidacy for the leadership of the Liberal Party of Canada.
Mr. Flatt acknowledged Mark Carney's significant contributions over nearly five years, particularly in establishing Brookfield as a leading private capital investor in the energy transition. He noted that under Connor Teskey's leadership, Brookfield's transition investing activities will continue.
This leadership transition at Brookfield Asset Management is a material event for Brookfield Corporation, which holds a significant stake in BAM. The continuity of leadership with Bruce Flatt and the established team is expected to maintain the firm's strategic focus on global megatrends.
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