Laurentian Bank appoints new CEO after computer mainframe outage

MONTREAL — Laurentian Bank says Éric Provost has been appointed president and chief executive, following a computer outage at the bank last week.

Laurentian says it suffered a mainframe outage last week during a planned IT maintenance update. It says customer data and financial information remained secure at all times. ‘Quit saving your money’: Prolific investor Grant Cardone says there's only 1 thing that will bring you true wealth — and it's not your job or being cheap. Here's what it is and how to do itWarren Buffett, one of the most successful investors in the world, has a reputation for his simple yet profound financial wisdom. I'm a Self-Made Millionaire: Here Are 3 Things I Never Waste Money...Great Canadian dividend stocks are now on sale.

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Laurentian Bank CEO Llewellyn to Depart as Provost Takes HelmLaurentian Bank of Canada said Chief Executive Officer Rania Llewellyn will leave the company immediately and will be replaced by personal and commercial banking chief Eric Provost.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Canada's Laurentian Bank names insider Eric Provost as CEOProvost, who has been with the country's ninth-largest lender for over a decade, replaces Rania Llewellyn, effective immediately. Laurentian also announced the appointment of Michael Boychuk as chair of the board, replacing Michael Mueller. Last month, the lender said Provost would take on an expanded position as group head of personal and commercial banking as it dropped its M&A plan following a strategic review.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »