Laurentian Bank announces the departure of its Chair of the Board, Isabelle Courville, and the arrival of Michael Mueller as ...
December 17 2018 - 6:25PM
Laurentian Bank of Canada ((TSX : LB) (the
« Bank »)), announces that Ms. Isabelle Courville
will complete her term of office as Chair of the Board at the
annual meeting of shareholders in the spring of 2019, after having
served for 12 years, in line with the Bank's policy governing the
term limits for directors. Mr. Michael Mueller joins the Board as
Vice Chair and following his election by the Bank's shareholders at
the annual meeting of shareholders, the Board also announced its
intention to appoint Mr. Mueller, Chair of the Board.
“I have been honoured to serve the Bank's
shareholders for the past 12 years. I am convinced that the
business strategy that began three years ago addresses the
challenges ahead in the industry. Under the leadership of François
Desjardins, the management team is in a very good position to
complete the ongoing transformation and rebuild a relevant,
profitable and sustainable organization for all its stakeholders,”
declared Isabelle Courville.
The Board of directors salutes Ms. Courville's
many achievements during her tenure at the Bank. “On behalf of the
Board of directors and employees of the Bank, I would like to thank
Isabelle for her undeniable contribution to the success of our
organization. We congratulate her on becoming the designated Chair
of Canadian Pacific Railway Limited’s Board and wish her all the
deserved success in her new capacity. I would also like to welcome
Mr. Mueller and I am enthusiastic about working with him in
pursuing our strategic plan,” said François Desjardins, President
and Chief Executive Officer of Laurentian Bank Financial Group.
Mr. Michael Mueller is a senior corporate
director who has a strong track record. He recently completed a
12-year term as Chair of the Board of PSP Investments and he
currently sits on the boards of a number of public and private
companies including Revera Inc, Medexus Pharmaceuticals (formerly
Pediapharm), and Mercal Capital Corporation. He has also held
various executive positions with TD Bank Financial Group for nearly
20 years. Mr. Mueller holds an MBA from York University and a
Bachelor of Science from the University of Western Ontario.
“I am honoured by this nomination and look
forward to working with the Board and management team to the
success of the Group," mentioned Michael Mueller.
About Laurentian Bank Financial
Group
Founded in 1846, Laurentian Bank Financial Group
is a diversified financial services provider whose mission is to
help its customers improve their financial health. The Laurentian
Bank of Canada and its entities are collectively referred to as
Laurentian Bank Financial Group (the “Group” or the “Bank”).
With more than 3,600 employees guided by the
values of proximity, simplicity and honesty, the Group provides a
broad range of advice-based solutions and services to its retail,
business and institutional customers. With pan-Canadian activities
and a presence in the U.S., the Group is an important player in
numerous market segments.
The Group has $46 billion in balance sheet
assets and $29 billion in assets under administration.
Information:Hélène SoulardAssistant Vice
President, CommunicationsOffice: 514-284-4500, extension
40015Mobile: 514-926-3295helene.soulard@lbcfg.ca
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