John Ruffolo, CEO of OMERS Ventures, is leaving the firm, Ontario Municipal Employees Retirement System said.
Ruffolo, who is also leaving his role as executive managing director of OMERS Platform Investments, the pension system’s innovation arm, will remain in an advisory capacity until December 31, the statement said.
Ruffolo founded Toronto-based OMERS Ventures in 2011.
The firm quickly emerged as an influential venture capital investor in North America’s tech sectors. It has often used its clout to draw attention and dollars to Canadian entrepreneurs and startups, which remain a primary focus.
The statement said Ruffolo will be succeeded as head of OMERS Ventures by Managing Partner Damien Steel, who has been with the group since 2011.