TORONTO, April 7, 2021 /PRNewswire/ - Bank of
Montreal (BMO) (TSX:BMO)
(NYSE:BMO) today announced the election of Madhu Ranganathan and Stephen Dent to BMO's board of directors
following its Annual Meeting of Shareholders.
"We are pleased to welcome Steve and Madhu to the Board of
Directors," said George Cope, Chair
of the Board, BMO. "Their knowledge and experience will be an
excellent complement to the talented group of individuals serving
on our Board."
Madhu Ranganathan is the
Executive Vice President and Chief Financial Officer at
OpenText. She brings more than 30 years of financial
leadership experience, with an innovative Silicon Valley technology
driven background with deep operational focus in software, hardware
and tech-enabled services businesses.
Prior to joining OpenText in 2018, she spent 10 years as the
Chief Financial Officer of [24]7.ai, a global customer experience
software and services company. Throughout her career she has served
in various roles with innovative technology companies, and major
accounting and financial services firms.
Ms. Ranganathan currently serves as a Board Member & Audit
Committee Chair for Akamai Technologies. She is a member of
the Institute of Chartered Accountants, India and a Member of the American Institute
of Certified Public Accountants. She holds an MBA from the
University of Massachusetts and a BS
Accounting from the University of Madras.
Stephen Dent is a Managing
Director and co-founder of Birch Hill Equity Partners, a
Toronto-based private equity firm.
Mr. Dent has over 30 years of experience in private equity and deep
expertise in capital allocation, strategic planning, accounting and
finance.
Prior to his current role, he spent 15 years at a major Canadian
chartered bank culminating in a senior role leading the Canadian
private equity division of the bank.
He is a Member of the Business Council of Canada. He is involved in the founding and
ongoing support of Our Children's Medicine; an organization
promoting Indigenous employment with leading Canadian companies. He
is also involved in the founding and ongoing support of the Birch
Hill Scholarship Program; supporting business school education for
Indigenous youth. He holds a BBA from Wilfred Laurier University
and an MBA from the Ivey School of Business at Western University.
Election of Board of Directors
At the annual meeting, all the director nominees listed in the
bank's management proxy circular dated February 11, 2021 were elected. The detailed
results of the vote for the election of directors are set out
below.
Each of the following 13 directors proposed by management was
elected as a director of BMO:
Nominee
|
Votes For
|
Votes
Withheld
|
Janice M.
Babiak
|
299,680,685
|
98.67%
|
4,050,330
|
1.33%
|
Sophie
Brochu
|
301,988,463
|
99.43%
|
1,742,548
|
0.57%
|
Craig W.
Broderick
|
302,562,672
|
99.62%
|
1,168,343
|
0.38%
|
George A.
Cope
|
297,873,529
|
98.07%
|
5,856,768
|
1.93%
|
Stephen
Dent
|
302,858,750
|
99.71%
|
872,265
|
0.29%
|
Christine A.
Edwards
|
301,385,255
|
99.23%
|
2,344,442
|
0.77%
|
Dr. Martin S.
Eichenbaum
|
302,522,147
|
99.60%
|
1,208,616
|
0.40%
|
David
Harquail
|
302,882,265
|
99.73%
|
818,750
|
0.27%
|
Linda S.
Huber
|
302,842,503
|
99.71%
|
888,512
|
0.29%
|
Eric R. La
Flèche
|
301,235,814
|
99.18%
|
2,495,201
|
0.82%
|
Lorraine
Mitchelmore
|
302,157,409
|
99.48%
|
1,573,606
|
0.52%
|
Madhu
Ranganathan
|
301,330,217
|
99.21%
|
2,400,806
|
0.79%
|
Darryl
White
|
302,828,132
|
99.71%
|
872,891
|
0.29%
|
Final voting results on all matters voted on at the Annual
Meeting of Shareholders held earlier today will be published
shortly on www.bmo.com, and filed with Canadian and U.S. securities
regulators.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly
diversified financial services provider - the 8th largest bank, by
assets, in North America. With total assets of $973
billion as of January 31, 2021, and a team of diverse and
highly engaged employees, BMO provides a broad range of personal
and commercial banking, wealth management and investment banking
products and services to more than 12 million customers and
conducts business through three operating groups: Personal and
Commercial Banking, BMO Wealth Management and BMO Capital
Markets.
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SOURCE BMO Financial Group