Claude Dussault elected Chairman of the Board
TORONTO, Sept. 6 /CNW/ - Yves Brouillette, Chairman of the Board of ING
Canada (TSX : IIC), announced today that Charles Brindamour will succeed
Claude Dussault as President and Chief Executive Officer of ING Canada on
January 1st 2008.
Mr. Brindamour, who has been Chief Operating Officer of ING Canada since
January of this year, joined ING in 1992 and has held a number of executive
positions both in Canada and in Europe.
In addition to Mr. Brindamour's appointment, the Board of ING Canada has
also elected Mr. Dussault to the position of Chairman of the Company, also
effective January 1st 2008. Mr. Brouillette, who has been Chairman of ING
Canada since April 2002, will remain a director of the Company and will
continue to play an active role in a number of the Board Committees.
These appointments result from Mr. Dussault's decision to retire from his
full-time role as President and CEO.
"Charles has demonstrated strong leadership abilities over the years and
was instrumental in the development and execution of the vision and strategy",
said Mr. Brouillette.
Mr. Brindamour indicated that he was honoured to have the opportunity to
lead the Company. "Yves, Claude and the management team have created an
outstanding organization and have transformed ING Canada from a collection of
regional insurance companies into the largest property and casualty insurance
provider in the country. I am looking forward to leading the organization to
new heights, together with the ING Canada team, and with the great legacy left
by Yves and Claude."
Mr. Brouillette thanked Mr. Dussault for his outstanding contribution to
the successes of ING Canada. "Claude has been the main architect of our growth
strategy. Under his tenure as CEO, the Company has acquired and integrated two
large insurance companies and launched one of the largest and most successful
Initial Public Offerings, making ING Canada one of the top 100 companies in
Canada. My colleagues on the Board were pleased that he accepted our offer to
lead the Board's activities. Claude has demonstrated a great intellect and
outstanding business acumen and we are privileged that we will continue to
benefit from his experience and advice."
About ING Canada
ING Canada is the largest provider of property and casualty insurance in
the country, offering automobile, property and liability insurance to
individuals and businesses through its insurance subsidiaries.
For further information:
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