In a swift response to recent developments, Royal Bank of Canada (RBC) announces the appointment of Katherine Gibson as Interim Chief Financial Officer, effective immediately, following the departure of Nadine Ahn.
The decision comes in the wake of allegations against Ahn, prompting the bank to initiate an investigation. Subsequent findings revealed Ahn’s violation of the bank’s code of conduct due to an undisclosed personal relationship with another employee, resulting in preferential treatment, including promotions and compensation increases. Consequently, both employees had their employment terminated, as disclosed by the bank.
The investigation affirmed the integrity of the bank’s financial statements, strategy, and overall business performance, thereby absolving the former CFO and the implicated employee of any misconduct in these areas. Ahn, previously serving as the head of investor relations at RBC, assumed the CFO position in September 2021, prior to her departure.
Gibson’s appointment as Interim CFO underscores RBC’s commitment to ensuring seamless operations amidst transitions. As the bank navigates through this period, it remains steadfast in upholding its principles of transparency, accountability, and integrity in all its dealings.
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