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Toronto Dominion Bank ( (TSE:TD) ) just unveiled an update.
TD Bank Group has announced an accelerated transition of its CEO position, with Raymond Chun set to take over as Group President and CEO on February 1, 2025, ahead of the initially planned date. This transition comes as part of a broader strategy and operational review initiated by Chun, who is currently the Chief Operating Officer. The transition also includes Bharat Masrani stepping down, although he will continue to support the transition in an advisory capacity. Concurrently, the bank is undergoing a significant renewal of its board of directors, including the adoption of new term limits and the retirement of five directors in 2025. Four new directors with extensive experience in global banking and governance will be proposed for election, signaling a strategic shift in the bank’s governance structure and leadership approach.
More about Toronto Dominion Bank
Toronto Dominion Bank (TD) is a major financial institution that operates in the banking industry, offering a wide range of financial products and services. It focuses on retail banking, wealth management, and insurance services, serving customers primarily in North America.
YTD Price Performance: 5.33%
Average Trading Volume: 2,399,527
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $96.74B
Learn more about TD stock on TipRanks’ Stock Analysis page.
