RBC appoints
Katherine Gibson
Interim Chief Financial Officer
following the departure of Nadine Ahn
TORONTO, April 5, 2024 /CNW/ - Royal Bank of Canada (TSX: RY) and (NYSE: RY) today
announced the appointment of Katherine Gibson as
Interim Chief Financial Officer (CFO). She succeeds
Nadine Ahn whose employment was terminated by RBC
earlier today, effective immediately.
RBC was recently made aware of allegations involving Ms. Ahn
and immediately launched an internal review and engaged
outside legal counsel to investigate. The investigation found
evidence that, in contravention of the RBC Code of Conduct, Ms. Ahn
was in an undisclosed close personal relationship with another
employee which led to preferential treatment of the employee
including promotion and compensation increases. As a result, the
two individuals have had their employment terminated.
The investigation found no evidence of conduct by the former CFO
or the other employee with respect to the bank's previously issued
financial statements, RBC's strategy or its financial or business
performance.
Ms. Gibson has been appointed interim CFO while a search is
conducted. She is a respected and experienced leader who has been
with the bank for 22 years, most recently as SVP, Finance &
Controller, and is widely considered a trusted advisor with a
strong analytical and governance mindset.
In her new role, Ms. Gibson will bring a wide range of
experience leading global teams and major strategic enterprise
initiatives, including a deep understanding of business drivers and
growth opportunities across several different areas of the
bank.
About RBC
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 94,000+ 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 more than 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