Laurentian Bank Financial Group says its president and chief executive is stepping down from the bank and retiring.
The Montreal-based bank says François Desjardins will resign from his roles and depart on June 30, 2020.
Desjardins spent 29 years at the bank and holds a director role, which he will also leave behind when he retires.
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The bank says Stéphane Therrien will step in as interim president and chief executive and serve as a director of Laurentian.
READ MORE: Laurentian Bank ending teller services at nearly all branches as of Monday
Therrien has spent 30 years in the financial sector and is currently its executive vice-president of personal and commercial banking and the president and chief executive of Laurentian Bank of Canada’s financial services.
The bank’s board of directors has established a special committee to immediately begin the search to replace Desjardins on a permanent basis.
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