PRI nominates Mckinsey adviser to chair board

Conor Kehoe will take over from Martin Skancke next year pending signatory approval

The Principles for Responsible Investment (PRI) has nominated Mckinsey adviser Conor Kehoe to take over as chair next year.

Pending signatory approval, Kehoe will succeed Martin Skancke when the latter’s term as PRI chair draws to a close at the end of the 2023 calendar year.

Kehoe is senior adviser and former senior partner at Mckinsey & Company, where he co-founded the organisation’s investor and private equity practice. He is chair of the Integrated Reporting Council and a member of the G7 impact taskforce on impact accounting.

He will be tasked with helping the PRI evolve, plans for which include the formation of signatory progression pathways to provide investors with a route to tailor their adoption of responsible investment to their organisation’s unique needs. The PRI is also looking at how to deliver greater regional relevance in its approach.

Commenting on his appointment, Kehoe said he was “delighted” to be recommended by the board.

“I know first-hand the material benefits that responsible investment offers to investors, asset owners, service providers and ultimately the individuals and communities they serve, and – contingent on approval from PRI signatories – I look forward to having the opportunity to bring my experience to bear in this exciting next chapter of the PRI’s development.”

PRI CEO David Atkin added: “Conor’s proven ability to lead on key elements of strategic organisational development make him the ideal candidate to lead the board as it shapes PRI’s direction of travel as the organisation continues to advance its offering to signatories.

“We look forward to realising the benefit of his invaluable experience as we begin to plan the PRI’s next strategy period from 2024 to 2027, and specifically on how we can enact the remit delivered to us by the ‘PRI in a Changing World’ consultation to ensure we are supporting signatories fully in their responsible investment journeys.

“I would also like to take this opportunity to thank Martin Skancke for his guidance and leadership during his tenure as chair and wish him every success in future.”