Yahoo Finance Scotiabank unveils changes to leadership team
Bank of Nova Scotia is making several changes to its senior leadership team, including naming a new human resources chief and a new head of digital transformation, a role that also involves oversight of its Tangerine online banking business.
The moves follow the retirement of current chief human resources officer Barb Mason at the end of 2023 after a 41-year career with the company.
Jenny Poulos will be appointed deputy chief human resources officer effective on Oct. 2, and will takeover the top role on Dec. 4. Poulos has worked at Royal Bank of Canada for 34 years and is its current senior vice-president, talent resources.
“I am pleased to have Jenny join (Scotiabank) as our CHRO, bringing more than three decades of retail and HR leadership experience to help us build on our momentum as a top employer in Canada and across our international markets,” said chief executive Scott Thomson in a press release.
Scotiabank also announced that Aris Bogdaneris will oversee the Tangerine business and global marketing starting in September in the newly created role of group head, digital transformation, Tangerine, marketing and analytics.
Phil Thomas, who was appointed chief risk officer in October 2021, will be promoted to group head and chief risk officer starting in September.
Other appointments effective September include Paul Baroni as the executive vice-president of finance and chief financial officer of Canadian banking, and Maria Theofilaktidis as executive vice-president and chief auditor.
Chris Manning will also start as executive vice-president of global business payments in September, while Scotiabank’s executive vice-president of finance and strategy, Anique Asher, will expand her mandate to include capital management.
The shakeup comes six months after Scott Thomson took the helm as CEO in February
Earlier in the week, the bank reported its third quarter earnings results, which showed net income of $2.212 billion for the period ended July 31, down from $2.59 billion the year prior. That amounts to $1.72 per diluted share, down from $2.09 per diluted share in the same quarter last year.
Its provision for credit losses continued to increase in the quarter to $819 million, almost double the $412 million reported a year ago and up from $709 million in the previous quarter.
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