Bank of Montreal bolsters board with two new members

• Bank of Montreal (TSX:BMO) has appointed Diane Cooper and Brian McManus to its board of directors
• Cooper is a former chief executive officer of GE Capital’s commercial distribution business, while McManus served a long tenure as the head of Stella-Jones
• BMO is the eighth-largest bank in North America by assets with C$1.4 trillion as of April 30, 2024
• BMO stock has added 23.69 per cent year-over-year and 32.02 per cent since 2019

Bank of Montreal (TSX:BMO) has appointed Diane Cooper and Brian McManus to its board of directors.

Cooper previously served as president and chief executive officer (CEO) of General Electric (GE) Capital’s commercial distribution business. She also led GE Capital’s equipment finance and franchise finance businesses and held senior roles in franchise finance, real estate and consumer finance at GE.

She currently serves as board member and risk oversight and capital committee chair at BMO’s U.S. subsidiary, BMO Financial; board member at BMO Bank N.A.; and board member and risk committee chair at StoneX Group.

McManus is the executive chair of Polycor, a global leader in the natural stone industry, and a current board member and audit committee chair at Metro (TSX:MRU). He previously served as executive chair and CEO of Uni-Select, as well as president and CEO of Stella-Jones (TSX:SJ) during a lengthy tenure.

Leadership insights

“We are pleased to welcome Diane and Brian to the board of directors,” George Cope, Bank of Montreal’s chair of the board, said in a statement. “They each bring significant skills and experience and will be a valuable addition to our board.”

About Bank of Montreal

BMO is the eighth-largest bank in North America by assets with C$1.4 trillion as of April 30, 2024. The bank has been operating for more than 200 years and serves more than 13 million customers across Canada, the United States and select international markets.

BMO stock (TSX:BMO) is down by 0.53 per cent trading at C$129.29 per share as of 12:19 pm ET. The stock has added 23.69 per cent year-over-year and 32.02 per cent since 2019.

Join the discussion: Find out what everybody’s saying about this Canadian bank stock’s new board members on the Bank of Montreal Bullboard and check out Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top photo of a Bank of Montreal branch in Toronto: Adobe Stock)