Stockholm (NordSIP) – Fiona Reynolds, CEO of Principles for Responsible Investment (PRI), announced she is stepping down at the end of the year. In a blog post on the UN PRI’s website, Reynolds writes, “I’m writing to let you know that I have made the decision to step down as CEO.”
The decision was motivated by a mix of personal challenges, which have been exacerbated by COVID-19. “The COVID-19 pandemic has made this more difficult in many ways, particularly with the ongoing closure of borders, and so has hastened my decision. The trade-offs of not being able to spend time with my family, or even being able to reach them if I needed, have simply become too high for me,” she says.
“Of course, if it was viable to maintain my role as CEO from Australia I would, but this is not practical or indeed possible. And so, the time has come to pass on the baton to the next passionate leader in responsible investment,” Reynolds adds.
At the time of the announcement, the UN PRI is getting ready to celebrate reaching 4,000 global signatories, collectively representing more than half the world’s institutional assets, a four-fold increase from its level when Reynolds joined in 2013.
“In Fiona’s tenure as CEO of the PRI, she has led the growth in scope and reach of the organisation to investors, policymakers and other stakeholders around the world,” says Martin Skancke, Chairman of the PRI. “In turn, with tremendous commitment, energy and experience, Fiona has also contributed personally to the growth of responsible investing more broadly. We are very sorry to see Fiona step down as CEO, but fully understand her personal wish to be home in Australia with family. As the PRI Board and I commence a search for Fiona’s successor, PRI’s signatories can be assured that we, alongside Fiona and the PRI team, will ensure a seamless transition. We sincerely thank Fiona for her remarkable legacy during her nine years as CEO.”