TORONTO, Nov. 30,
2023 /CNW/ - TD Bank Group is pleased to announce the
appointment of Alan MacGibbon as Chair of the Board of
Directors, effective February 1,
2024. Alan will succeed Brian Levitt, who will also
retire from the Board following the Bank's annual meeting of
shareholders on April 18, 2024. Mr.
Levitt joined the TD Board in 2008 and has served as Chair since
2011.
"Alan's distinguished business career and the respect of his
Board colleagues and TD management will enable him to guide the
Board into the future," said Mr. Levitt. "I am honoured to have
served as Chair and thank the Board, the Senior Executive Team and
TD colleagues for their support and dedication over the years."
"I am grateful for the Board's confidence and look forward to
working with my fellow directors to build on the Bank's success,"
said Mr. MacGibbon. "On behalf of the Board, I want to thank Brian
for his service to TD."
Mr. MacGibbon has been an independent director since 2014, has
served on the Corporate Governance Committee, and has been Chair of
the Audit Committee since 2016. Mr. MacGibbon also serves on the TD
Bank U.S. Board.
Mr. MacGibbon is the former Managing Partner and Chief Executive
Officer of Deloitte LLP (Canada),
and served as Global Managing Director, Quality, Strategy and
Communications of Deloitte Touche Tohmatsu Limited. He holds an
undergraduate degree in business administration and an honorary
doctorate from the University of New
Brunswick. He is a Chartered Professional Accountant, a
Chartered Accountant, and a Fellow of the Chartered Professional
Accountants Ontario.
With Mr. MacGibbon's appointment as Board Chair, Nancy Tower will be appointed Chair of the Audit
Committee. Ms. Tower has been an independent director since
June 2022.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the sixth
largest bank in North America by
assets and serves over 27.5 million customers in four key
businesses operating in a number of locations in financial centres
around the globe: Canadian Personal and Commercial Banking,
including TD Canada Trust and TD Auto Finance Canada; U.S. Retail,
including TD Bank, America's Most Convenient Bank®, TD
Auto Finance U.S., TD Wealth (U.S.), and an investment in The
Charles Schwab Corporation; Wealth Management and Insurance,
including TD Wealth (Canada), TD
Direct Investing, and TD Insurance; and Wholesale Banking,
including TD Securities and TD Cowen. TD also ranks among the
world's leading online financial services firms, with more than 16
million active online and mobile customers. TD had $1.96 trillion in assets on October 31, 2023. The Toronto-Dominion Bank
trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group