TD Bank CEO Clark to Retire in 2014, Succeeded by Masrani
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Toronto-Dominion Bank Chief Executive Officer Edmund Clark, who led Canada’s second-biggest lender in a $25 billion U.S. expansion, will retire in November 2014 after a dozen years in the post.
Clark, 65, will be succeeded by Bharat Masrani, currently head of U.S. operations, the Toronto-based bank said today in a statement. Masrani will become chief operating officer in July when he returns to Toronto.