TORONTO, July 8, 2020 /CNW/ - Royal Bank of
Canada (RY on TSX and NYSE) today
announced that Cynthia Devine will
be appointed to its board of directors, effective August 1, 2020. Ms. Devine will join the Audit
and the Governance Committees.
"We are pleased to be welcoming Cynthia to RBC's Board of
Directors. Cynthia is an outstanding business leader who brings
deep financial, governance and talent management experience across
a wide range of sectors, including sports & entertainment, real
estate and consumer goods," said Katie
Taylor, Chair of the Board, RBC. "We're proud of the strides
we've made toward achieving a diverse board that today is over
40% women and also has BIPOC representation. We recognize that
there is more work to be done and remain diligent in our commitment
for even greater diversity going forward."
Ms. Devine is currently the Chief Financial Officer of Maple
Leaf Sports and Entertainment (MLSE), where she is responsible for
providing financial oversight and guidance, including financial
reporting, planning and analysis, treasury, taxation, and internal
audit. Before joining MLSE in 2017, she was Executive Vice
President and Chief Financial Officer of RioCan REIT. Prior to
this, Ms. Devine was the Chief Financial Officer of Tim Hortons
Inc. for 11 years, most notably providing financial leadership of
the company's merger with 3G Capital and Burger King in 2014, and
its initial public offering on the TSX and NYSE in 2006.
Ms. Devine is also a member of the Board of Directors and is the
Audit Committee Chair for Empire Company Limited / Sobeys Inc.
In addition to receiving a Fellow of the Institute of Chartered
Accountants of Ontario in 2011,
Ms. Devine was recognized as Canada's CFO of the Year in 2010 and received
Canada's Top 100 Most Powerful
Women Award in 2008 and 2012.
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 84,000+ employees who bring
our vision, values and strategy to life so we can help our clients
thrive and communities prosper. As Canada's biggest bank, and one of the largest
in the world based on market capitalization, we have a diversified
business model with a focus on innovation and providing exceptional
experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn
more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-social-impact.
SOURCE Royal Bank of Canada