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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Toronto-Dom Bnk | LSE:TDB | London | Ordinary Share | CA8911605092 | COM NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
RNS Number:3545C Toronto-Dominion Bank 10 October 2002 TD Bank Financial Group Chairman and Chief Executive Officer A. Charles Baillie Announces Retirement Toronto - TD Bank Financial Group Chairman and Chief Executive Officer A. Charles Baillie today announced his intention to retire as CEO effective December 20, 2002 at age 63, after six years as CEO. Mr. Baillie began his career with TD in 1964. In line with TD Bank Financial Group's succession plan, the Board of Directors announced that W. Edmund Clark, President and Chief Operating Officer of TD Bank Financial Group will become Chief Executive Officer effective December 20, 2002. Mr. Baillie will remain Chairman until the annual general meeting in 2004 at which time it is the Board's present intention to have Mr. Clark assume the role of Chairman. "Before handing over the reins, I wanted to ensure that TD Bank Financial Group had a solid senior management team in place that could carry the company forward," said Baillie. "The Board of Directors and I have every confidence in Ed Clark and the rest of the management team. Their determined leadership, coupled with the hard work and dedication consistently demonstrated by the employees of TD Bank Financial Group offer a very promising future for TDBFG." "The Board would like to thank Charlie for his outstanding leadership and for building TD Bank Financial Group into the diversified financial services business it is today," said John Thompson, Head of the Management Resources Committee of the Board of Directors. "When the acquisition of Canada Trust was completed, Charlie developed a strategic succession plan in consultation with the Board and recommended that Ed succeed him. He developed a timeline and with the Board's full endorsement, has worked diligently to ensure a smooth transition." "We are delighted to have Ed Clark leading TD Bank Financial Group. Ed has a long history of delivering on promises and generating positive results, as evidenced during the integration of TD Bank and Canada Trust," said Thompson. "I would like to express my gratitude to Charlie for his dedication to TD Bank Financial Group, our customers, employees and shareholders," said Clark. "I look forward to the challenges ahead in my new role and will work with TD Bank Financial Group's strong management team and employees in continuing to deliver on the things that matter most to our customers while also driving shareholder value." Mr. Baillie's many career highlights at TD Bank Financial Group include his significant contributions to TDBFG's U.S. operations, the establishment of TD Securities, the acquisition of several discount brokerages including TD Waterhouse in the U.S. and the acquisition of CT Financial Services Inc. in February 2000, resulting in the creation of TD Canada Trust. About TD Bank Financial Group The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. In Canada and around the world, TD Bank Financial Group serves more than 13 million customers in three key businesses: personal and commercial banking including TD Canada Trust; wealth management including the global operations of TD Waterhouse; and a leading wholesale bank, TD Securities, operating in over 20 locations in key financial centres around the globe. TD Bank Financial Group also ranks among the world's leading on-line financial services firms, with more than 4.5 million on-line customers. TD Bank Financial Group had CDN$309.6 billion in assets, as at July 31, 2002. The Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD". -30- For media inquiries: Dianne Salt TD Bank Financial Group (416) 308-6807 This information is provided by RNS The company news service from the London Stock Exchange END BOAURSKRUKRRAAA
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