News release: TCHC Board appoints Sheila Penny to serve as Acting CEO while the search continues for a permanent CEO
TORONTO, February 26, 2021—The Board of Directors of Toronto Community Housing Corporation (TCHC) today approved the appointment of Sheila Penny to serve as Acting President and Chief Executive Officer (CEO) immediately following the retirement of current chief executive Kevin Marshman on March 31, 2021.
Sheila Penny will serve in the acting role while the Board continues its search for a permanent President and CEO. The board began the search process for TCHC's next CEO in June 2020, at the time Kevin Marshman announced his decision to retire following more than five years of service to Toronto Community Housing, as CEO, Board Chair and a Board member.
Sheila Penny currently is TCHC's Chief Operating Officer, a role she began in September 2019. In this role, she has overseen the implementation of Toronto Community Housing's restructuring plan to provide better services to tenants by decentralizing operations, adding frontline resources, empowering local decision-making and bringing services closer to where tenants live.
TCHC's Senior Director of Business Operations John Angkaw will serve as Acting Chief Operating Officer while Sheila Penny is TCHC's Acting President and CEO.
From TCHC Board Chair Tim Murphy:
"The Board's search for the corporation's next President and CEO is well underway and the importance of this role requires us to be very comprehensive in our search efforts. While we have made great progress, we are not in a position at this time to announce a new President and CEO prior to the upcoming retirement of Kevin Marshman.
"To provide continuity and stability while the search continues, the Board has appointed Sheila Penny to serve as Acting President and CEO after Kevin retires. Sheila's focus will be to sustain TCHC's mandate to improve the lives of tenants through the delivery of its 2021 strategic priorities and its ongoing response to the COVID-19 pandemic in collaboration with the City and Toronto Public Health.
"The board thanks Kevin Marshman for his many contributions as President and CEO over the past two years. We wish him the very best in his retirement."
About Toronto Community Housing
Toronto Community Housing (www.torontohousing.ca) is Canada's largest social housing provider. Toronto Community Housing provides homes for nearly 60,000 low- and moderate-income households in neighbourhoods across the city. Toronto Community Housing is wholly owned by the City of Toronto and its 2,100 buildings represent a $10-billion public asset.