Taylor to retire as Chair at RBC's 2023 meeting of
TORONTO, Dec. 1, 2022
/CNW/ - Royal Bank of Canada
(TSX: RY) (NYSE: RY) today announced that Jacynthe Côté
will be appointed as Chair of the Board, effective upon her
re-election as an independent director at RBC's meeting of
shareholders on April 5, 2023.
Ms. Côté will succeed Kathleen (Katie)
Taylor, who has served as Board Chair since 2014. Ms. Taylor
will retire from the Board following Ms. Côté's appointment as part
of an orderly succession.
"Under Jacynthe's leadership, I am confident the board will
continue to deliver the strategic oversight that enables RBC to
lead with purpose and conviction in helping clients thrive and
communities prosper," said Ms. Taylor. "Jacynthe has extensive
corporate governance and strategy experience across multiple
sectors and has consistently delivered insightful guidance as a
member of RBC's Board for the past eight years. Her depth of
knowledge and perspective on a range of disciplines, including
finance, legal and regulatory affairs, risk management and human
resources, will continue to position RBC for success in the time
Ms. Côté, an independent Director of RBC since 2014, has served
on the Audit, Governance and Risk Committees during her tenure, and
has been Chair of the Governance Committee since 2018. She is
currently Chair of the Board for Hydro‑Québec and will complete her
term in May 2023 as she assumes the
role of RBC's Chair.
Over the span of her extensive career, Ms. Côté has served as
President & CEO of Rio Tinto Alcan, and as President & CEO
of Rio Tinto Alcan's Primary Metal business group. She has also
held senior executive positions across human resources,
environment, health and safety, business development and production
in both Quebec and England.
Ms. Côté is also a member of the Board of Directors for Finning
International Inc. and Transcontinental Inc. An active member of
the community, Ms. Côté serves as Chair of the Board of Allôprof,
an organization that offers free educational assistance to students
"I want to recognize Katie for her outstanding contributions to
RBC and its Board," said Ms. Côté. "Katie's vision and deep
commitment to sound governance will have an enduring legacy at RBC
as the bank continues to create long-term value for those it
serves. Under her stewardship, the bank has accelerated progress on
its strategic priorities, including growing its presence in the
U.S. and U.K., both organically and through acquisitions.
Furthermore, it has made significant investments in its employees,
technology and culture to remain a leader in the financial services
sector today and well into the future. I look forward to building
on the progress achieved during Katie's tenure."
"It has been a privilege to have served RBC for more than two
decades. I am grateful for the Directors past and present who have
led us to this exciting point in the bank's journey. I look forward
to seeing how Dave McKay, his
leadership team and RBC's incredible colleagues will continue to
find new ways to create value and make an impact in the lives of
those RBC serves," added Ms. Taylor.
For more information on RBC's Board of Directors, please visit
our Corporate Governance site.
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 95,000+ employees who
leverage their imaginations and insights to bring our vision,
values and strategy to life so we can help our clients thrive and
communities prosper. As Canada's
biggest bank and one of the largest in the world, based on market
capitalization, we have a diversified business model with a focus
on innovation and providing exceptional experiences to our 17
million clients in Canada, the
U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-social-impact.
SOURCE Royal Bank of Canada