TORONTO, June 26, 2017 /CNW/ - Scotiabank (TSX: BNS)
(NYSE: BNS) today announced the appointment of Michael D. Penner to the Bank's Board of
Directors.
"Michael Penner brings an in-depth knowledge of the small
and medium-sized business and energy sectors to our Board as well
as a unique combination of leadership experience that spans the
public and private sectors in Quebec and across Canada," said Thomas
O'Neill, Chairman of the Board of Directors at Scotiabank.
"He is well-recognized for his proven ability to lead
transformational change, including turning around a manufacturing
business in challenging economic times. His business acumen
along with his passion for success will be an asset to our Board of
Directors."
A lawyer, entrepreneur and chairman, Michael D. Penner was President and Chief
Executive Officer of Peds Legwear (Peds) prior to selling his
company to Gildan Activewear Inc. (NYSE: GIL) in August
2016.
In October 2014, Mr. Penner was
appointed Chairman of the Board of Directors of Hydro-Québec,
Canada's largest electric utility
and power generation company and the world's fourth largest
hydropower producer. During his tenure Mr. Penner has led the
renewal of the governance practices at Hydro- Québec.
Mr. Penner has been active in the community, serving last year
as Chair of the Montréal Museum of Fine Arts' annual fundraising
activity and in the past as a member of the Board of Directors of
Les Grands Ballets Canadiens de Montréal, Selwyn House School, Hofstra University School of Law and McGill University Football.
Mr. Penner holds a Bachelor of Arts degree from McGill University and a Juris Doctor from
Hofstra University in New York.
About Scotiabank
Scotiabank is Canada's international bank and a leading
financial services provider in North
America, Latin America, the
Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our
23 million customers become better off through a broad range of
advice, products and services, including personal and commercial
banking, wealth management and private banking, corporate and
investment banking, and capital markets. With a team of more than
88,000 employees and assets of over $921
billion (as at April 30,
2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges
(NYSE: BNS). For more information, please visit www.scotiabank.com
and follow us on Twitter @ScotiabankViews.
SOURCE Scotiabank