MONTREAL, Sept. 9,
2024 /CNW/ - Laurentian Bank (TSX: LB) (the
"Bank") today announced organizational changes to its executive
team, in line with its strategic plan unveiled in May 2024. These adjustments are part of the
institution's drive to simplify its structure, improve operational
efficiency and maximize long-term value creation for its customers,
employees and all of its stakeholders.
Adjustments to support the Bank's strategic focus
- Thierry Langevin, currently
Executive Vice-President, Commercial Banking, has been appointed
Group Head, Personal and Commercial Banking. This regrouping of
banking services under unified leadership will allow the Bank to
create synergies between its teams and offer a harmonized, more
efficient customer experience.
- Marie-Christine Custeau, Head of
Strategy and Transformation, is expanding her role with the
addition of Digital Experience and Payments to her purview. This
strategic realignment will consolidate the Bank's digital
transformation efforts, an essential pillar of its long-term
vision. This change is designed to support innovation, accelerate
the implementation of new technologies, and bolster the company's
customer-centric approach.
- Macha Pohu, currently Chief
Human Resources Officer, will assume responsibility for Corporate
Affairs and Legal Affairs. Her new title, Head of Human Resources
and Corporate Affairs, reflects this expanded mandate. This
integration is designed to optimize talent management, support the
corporate culture and ensure effective governance of legal
affairs.
- Christian De Broux, currently
Executive Vice President, Chief Risk Officer, will additionally
oversee the company's compliance teams. This change will further
strengthen the risk management structure, while ensuring a more
integrated oversight of the critical aspects of risk management and
compliance.
In the context of this transformation, Laurentian Bank is
changing the composition of its Executive Committee, and is
announcing the departures of Sébastien Bélair, Executive
Vice-President, Chief Operating Officer, and Bindu Cudjoe, Executive Vice-President, Chief
Legal Officer and Corporate Secretary. The Bank would like to
express its gratitude to Mr. Bélair and Ms. Cudjoe for their
leadership, dedication and outstanding contributions to the success
of the organization.
Building a more agile organization
These organizational adjustments are part of a broader process
aimed at simplifying the Bank's structure and better aligning its
resources with the objectives defined in its strategic plan.
Laurentian Bank remains firmly committed to pursuing its efforts to
deliver exceptional value to its customers, while optimizing its
operational performance.
About Laurentian Bank
Founded in Montréal in 1846, Laurentian Bank wants to foster
prosperity for all customers through specialized commercial banking
and low-cost banking services to grow savings for middle-class
Canadians.
With a workforce of approximately 2,800 employees, the Bank
offers a wide range of financial services and advice-based
solutions to customers across Canada and the
United States. Laurentian Bank manages $47.5 billion in balance sheet assets and
$26.9 billion in assets under
administration.
SOURCE Laurentian Bank of Canada