RBC picks Canada's first woman bank chairman
Royal Bank of Canada said Kathleen Taylor would take over as chairman next year, making her the first woman to lead the board of a Canadian bank.
Royal Bank of Canada said Kathleen Taylor would take over as chairman next year, making her the first woman to lead the board of a Canadian bank.
David O'Brien, 71, will retire at the end of the year, Toronto-based RBC, Canada's largest bank, said in a statement on Thursday.
"I appreciate the confidence of the board and look forward to building on the bank's achievements together," Taylor, 56, said in the statement.
Women serve as chairman, or in an equivalent role, at 10 publicly listed Canadian firms with market values of at least C$500 million (HK$3.69 billion), Bloomberg data shows.
Taylor would be the first woman to lead one of the country's banks, RBC said.
O'Brien will stay on the board until the company's annual general meeting on February 26,