Diane Cooper and Brian McManus Appointed to Bank of Montreal Board of Directors

Rhea-AI Summary

Bank of Montreal (BMO) has announced the appointment of two new members to its Board of Directors: Diane Cooper and Brian McManus. Cooper, formerly President and CEO of GE Capital's Commercial Distribution business, brings extensive financial services experience and currently serves on several boards including BMO Financial Corp. McManus, currently Executive Chair of Polycor Inc., brings leadership experience from roles including Executive Chair and CEO of Uni-Select and CEO of Stella-Jones. Both directors bring significant industry expertise and leadership experience to BMO's board.

Positive

• Addition of experienced financial services executive with GE Capital leadership background
• Strengthening of board expertise with seasoned corporate executives
• Enhanced governance through directors with diverse industry experience

Negative

• None.

News Market Reaction – BMO

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-0.53% News Effect

On the day this news was published, BMO declined 0.53%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

TORONTO, Oct. 29, 2024 /PRNewswire/ -Bank of Montreal today announced the appointment of Diane Cooper and Brian McManus to its Board of Directors.

"We are pleased to welcome Diane and Brian to the Board of Directors," said George Cope, Chair of the Board. "They each bring significant skills and experience and will be a valuable addition to our board."

Ms. Cooper was formerly President and CEO of GE Capital's Commercial Distribution business and an officer of GE Company. She also led the GE Capital Equipment Finance and Franchise Finance businesses and previously held senior roles in Franchise Finance, Real Estate and Consumer Finance at GE. Ms. Cooper currently serves as a Board Member and Risk Oversight and Capital Committee Chair at BMO's U.S. subsidiary, BMO Financial Corp.; Board Member at BMO Bank N.A.; and Board Member and Risk Committee Chair at StoneX Group. Ms. Cooper holds a B.A. in Business and an M.B.A. from Baker University. 

Mr. McManus is the Executive Chair of Polycor Inc., a global leader in the natural stone industry. Prior to that, he served as Executive Chair and Chief Executive Officer of Uni-Select after many years as President and Chief Executive Officer of Stella-Jones. Mr. McManus currently serves as a Board Member and Audit Committee Chair at Metro Inc. Mr. McManus holds a B.A. from McGill University and an M.B.A. from Ivey School of Business, University of Western Ontario.

About BMO Financial Group 

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.4 trillion as of July 31, 2024. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society. 

Internet: www.bmo.com X: @BMOMedia

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SOURCE BMO Financial Group

FAQ

Who are the new directors appointed to BMO's Board in October 2024?

Diane Cooper and Brian McManus were appointed to Bank of Montreal's Board of Directors in October 2024.

What is Diane Cooper's background before joining BMO's Board?

Diane Cooper was previously President and CEO of GE Capital's Commercial Distribution business and an officer of GE Company, with experience in Equipment Finance and Franchise Finance.

What is Brian McManus's current role outside of BMO's Board?

Brian McManus is currently the Executive Chair of Polycor Inc., a global leader in the natural stone industry.

What other board positions does Diane Cooper hold related to BMO?

Diane Cooper serves as a Board Member and Risk Oversight and Capital Committee Chair at BMO Financial Corp. and as a Board Member at BMO Bank N.A.