Former Rio Tinto Alcan CEO and long-term director on the board of Royal Bank of Canada, Jacynthe Cote, will step down from the board of major Caterpillar dealer Finning International ahead of her start as chair of RBC in April next year.
Cote has been a director of Finning since 2014. Her appointment as RBC chair was announced in December last year.
She will succeed Katie Taylor as chair of the bank.
Former Energy Safety Canada CEO and chair, John Rhind, will become a Finning independent director at the start of January. He also previously held executive and senior management roles at Shell Canada and Syncrude Canada.
“On behalf of the board, I would like to thank Jacynthe for her significant contributions to the board over her nine-year tenure, including serving as chair of the Safety, Environment and Social Responsibility Committee and the Human Resources Committee,” Finning chair Harold Kvisle said.
Based in British Columbia, 90-year-old Finning supplies and supports Caterpillar construction, mining and energy machinery in western Canada, Chile, Argentina, Bolivia, the UK and Ireland.
