ICBC Board names new CEO

    VANCOUVER, Oct. 9 /CNW/ - T. Richard Turner, chair of the ICBC board of
directors, today announced the appointment of Jon Schubert as the
corporation's new president and chief executive officer.
    The selection comes after an extensive four-month national search that
involved a number of interviews to find the right candidate, according to Mr.
    "Mr. Schubert brings more than 30 years of knowledge and experience in
the private and public insurance industries and is well positioned to lead
ICBC," said Mr. Turner.
    Mr. Schubert - currently president and chief executive officer of
Saskatchewan Government Insurance (SGI) which operates that province's
mandatory automobile insurance plan and competes in the property and casualty
market in seven provinces - will assume his new role at ICBC in mid-November.
    "ICBC is a well-run company with a proud history", said Mr. Schubert. "I
am looking forward to working with the executive team, staff, brokers and our
business partners as we continue to focus on the needs of ICBC customers."
    A Certified Management Accountant, Mr. Schubert worked at SGI for 23
years in various leadership positions before running his own consulting firm
assisting clients in the insurance and rehabilitation industries. He then
returned to the organization as President and CEO in 2004.
    Mr. Schubert has been a national and international conference presenter
and publisher, and has served as vice president on high-profile committees and
task forces, including a United Nations Task Force on Neck Pain and Its
Associated Disorders.
    Throughout his career, Mr. Schubert has maintained a commitment to strong
community involvement, participating as a board member or advisor to various
industry and related associations, including the Saskatchewan Cancer Agency
and Saskatchewan Brain Injury Association.
    On behalf of the ICBC board, Mr. Turner thanked Geri Prior for taking on
the role of interim CEO since May 2008. "Geri Prior has done an outstanding
job of providing consistent leadership by ensuring ICBC's business plan was
executed effectively," said Mr. Turner. Ms. Prior will continue in the role of
interim president and CEO until Mr. Schubert is in place at ICBC.

For further information:

For further information: Media contacts: Doug Henderson, (778) 828-1575,
(604) 982-1311

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