TD’s Leadership Shake-Up Raises CEO Succession Questions
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The planned retirement of Teri Currie, Toronto-Dominion Bank’s group head of Canadian personal banking, along with a series of changes among the company’s senior executive team, is throwing eventual succession plans for the lender’s chief executive officer into question.
Currie will retire from her position at the end of January, to be succeeded by Michael Rhodes, Toronto-Dominion said Thursday. She will join the bank’s U.S. board. Greg Braca, group head of the company’s U.S. retail bank, will be appointed to the newly created position of vice chair of TD Bank in the U.S. Leo Salom, group head of wealth management, is succeeding Braca as group head of U.S. retail.