PRESS RELEASES

National Bank of Canada Announces the Election of Directors

Montreal, April 19, 2024

National Bank of Canada (the “Bank”) (TSX: NA) announces that all director nominees listed in the Management Proxy Circular dated February 20, 2024, were elected as directors of the Bank during the annual and special meeting of the holders of common shares (the “Meeting”) held today.

The Board of Directors welcomes Arielle Meloul-Wechsler who has been elected as a director for the first time.

Arielle Meloul-Wechsler has been Executive Vice President, Chief Human Resources Officer and Public Affairs, at Air Canada since 2021, and has held several executive mandates in Human Resources at Air Canada since 2013. She has also served as President of Global Airline HR Leaders’ Network of Airline People Directors’ Council (APDC) since 2017 and Chair of the Board of National Airlines Council of Canada since 2020. Ms. Meloul-Wechsler was the winner of the Northern Lights Aero Foundation’s 2022 Annual Elsie MacGill Business Award and of the Top 100 Award by the Women’s Executive Network (WXN) in 2019. Member of the Quebec Bar, she holds a bachelor’s degree in law from Université de Montréal and a Bachelor of Science in Psychology from McGill University.

During the meeting, the Chair of the Board, Mr. Robert Paré, mentioned that Ms. Meloul-Wechsler has a rich professional background and has in-depth knowledge in governance, human resources and client experience, which are major assets for the Board.

Mr. Paré also addressed a word to the outgoing directors: “I would like to extend my warmest thanks to Maryse Bertrand and Lino A. Saputo, who are not seeking re-election. Their dedication, collegiality, sense of the Bank, in short, their overall contribution, over the past 12 years, have contributed to the growth of the Bank, which has established itself as a leader in its sector.”

Here are the detailed results of the votes: 

DIRECTOR NOMINEE

OUTCOME

FOR

% FOR

WITHHELD

% WITHHELD

Pierre Blouin

Elected

184,924,860

99.54%

856,522

0.46%

Pierre Boivin

Elected

181,735,714

97.82%

4,045,620

2.18%

Yvon Charest

Elected

183,522,504

98.78%

2,258,878

1.22%

Patricia Curadeau-Grou

Elected

184,466,645

99.29%

1,314,737

0.71%

Laurent Ferreira

Elected

185,027,873

99.59%

753,509

0.41%

Annick Guérard

Elected

184,326,768

99.22%

1,454,614

0.78%

Karen Kinsley

Elected

183,781,498

98.92%

1,999,884

1.08%

Lynn Loewen

Elected

183,238,986

98.63%

2,542,396

1.37%

Rebecca McKillican

Elected

184,961,466

99.56%

819,916

0.44%

Arielle Meloul-Wechsler

Elected

174,902,211

94.14%

10,879,171

5.86%

Robert Paré

Elected

182,356,594

98.16%

3,424,788

1.84%

Pierre Pomerleau

Elected

184,979,742

99.57%

801,640

0.43%

Macky Tall

Elected

184,061,186

99.07%

1,720,210

0.93%

The results of the final votes regarding all matters subject to a vote during the annual and special meeting of the holders of common shares and the special meeting of the holders of first preferred shares are available on the websites of the Bank and SEDAR+.

About National Bank of Canada
With $434 billion in assets as at January 31, 2024, National Bank of Canada is one of Canada's six systemically important banks. The Bank has approximately 30,000 employees in knowledge-intensive positions and operates through three business segments in Canada: Personal and Commercial Banking, Wealth Management and Financial Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at nbc.ca  or via social media.

 


Information:

Marianne Ratté

Vice-President and Head, Investor Relations
National Bank of Canada

Debby Cordeiro

Senior Vice-President – Communications, Public Affairs and ESG
National Bank of Canada