BMO Financial Group announces new chairman
Cope will replace Robert Prichard, who has been chairman since 2012 and an independent director for 20 years.
In a statement, Cope said: “I am fully behind BMO's strong management team and its plans to deliver on the bank's strategic priorities. On behalf of the board, I offer Rob our thanks for guiding BMO through a period of tremendous progress while laying the groundwork for continued success."
At BCE this week, Cope oversaw third-quarter earnings that showed revenue climbing more than expected after record increases in wireless subscriptions.
The chair of BMO’s governance and nominating committee Christine Edwards said the board unanimously endorsed Cope as its next chair after conducting a “careful and deliberative” succession process.