Isabelle Courville is set to leave Laurentian Bank of Canada after she completes her term as chair of the Montreal-based bank at the annual shareholders meeting in spring 2019.
Courville's departure is in line with the bank's policy governing the term limits for directors.
Meanwhile, Michael Mueller joins the bank's board as vice chair. The board intends to appoint Mueller as chair following his election by the bank's shareholders at the annual meeting.
Mueller, a senior corporate director, recently completed a 12-year term as chair of the Public Sector Pension Investment Board, or PSP Investments, a Canadian Crown corporation.