TD Bank Names John MacIntyre Board Chair
- Amid a governance overhaul, Toronto-Dominion Bank named John MacIntyre as chair effective September 1, succeeding Alan MacGibbon, who will retire on that date.
- Following a U.S. anti-money laundering scandal, regulators imposed more than $3 billion in penalties and a $434 billion asset cap on Toronto-Dominion Bank, prompting a governance overhaul.
- Operational changes included winding down a $3 billion U.S. point-of-sale financing portfolio, following the sale of its stake in Charles Schwab for $14 billion.
- In his statement, MacIntyre said, `I look forward to supporting TD's strategy, further strengthening governance, and delivering long-term value`, thanking MacGibbon for his contribution.
- Future governance changes include an investor day on Sept. 29, where John MacIntyre will update shareholders as about 60 per cent of the board will be new by September.
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Total News Sources11
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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