Kathleen Taylor to become chair
TORONTO, Aug. 29, 2013 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE)
announced today that David O'Brien plans to retire as Chair of the
Board, effective December 31, 2013.
Kathleen Taylor, who has been an independent director since 2001, will
become Chair.
Mr. O'Brien has served with distinction as non-executive Chair since
2004 and as an independent director since 1996. He will stay on as a
director until the annual meeting of shareholders in Toronto on
February 26, 2014, as part of an orderly board succession.
"It's been an honour to serve our shareholders with the support of an
engaged board, outstanding management team and talented group of
employees globally," said Mr. O'Brien. "Under Katie's leadership, I am
confident that the board will continue its focus on creating long-term
value for our shareholders and our clients."
Ms. Taylor of Toronto, Ontario has served on the Audit, Risk and Human
Resources Committees during her tenure on the RBC board, and has been
Chair of the Human Resources Committee since 2010. She is the former
President and Chief Executive Officer of Four Seasons Hotels and
Resorts where she served in a variety of progressively senior
leadership roles during her over 20-year career. Ms. Taylor has a
Master of Business Administration degree from Schulich School of
Business, a law degree from Osgoode Hall Law School and a Bachelor of
Arts (Honours) degree from the University of Toronto.
"David's exemplary leadership guided the board in its stewardship of RBC
through a period of significant financial services industry reform and
global growth for the bank," said Ms. Taylor. "I appreciate the
confidence of the board and look forward to building on the bank's
achievements together."
About RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate
under the master brand name RBC. We are Canada's largest bank as
measured by assets and market capitalization, and are among the largest
banks in the world, based on market capitalization. We are one of North
America's leading diversified financial services companies, and provide
personal and commercial banking, wealth management services, insurance,
and investor services and wholesale banking on a global basis. We
employ approximately 80,000 full- and part-time employees who serve
more than 15 million personal, business, public sector and
institutional clients through offices in Canada, the U.S. and 44 other
countries. For more information, please visit rbc.com.
SOURCE: RBC
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