Scotiabanks has named Scott Thomson as the firm\u0027s chief executive officer, replacing Brian Porter who is retiring. Find out more about him
Thomson, 52, is chief executive of equipment dealer Finning International Inc., the world’s largest dealer of Caterpillar machinery and equipment. Vancouver-based Finning announced Monday that Thomson will step down from the company on Nov. 15 when he will be succeeded by chief operating officer Kevin Parkes.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Prior to Finning, Thomson served as chief financial officer of Talisman Energy Inc. from 2008 to 2013, when the former Canadian multinational oil producer navigated an oil price crash and rapid recovery from the 2008/09 recession.Article content Thomson also held several executive positions at Bell Canada Enterprises, including executive vice-president of corporate development, between 2003 and 2008. Prior to Bell, Thomson was a vice-president at Goldman, Sachs & Co.More background on the new Scotiabank boss
At Finning, Thomson helped boost returns on invested capital, particularly in the company’s Latin American business unit Recently Thomson oversaw a record $2-billion backlog in equipment deliveries at Finning, as higher commodity prices and increased demand butted up against supply chain constraintsThomson holds a bachelor of arts in economics and political science from Queen’s University and an MBA from the University of Chicago
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Scotiabank names Thomson as chief executive officerThomson, who has been a member of the board of Bank of Nova Scotia since 2016, will initially start as president from Dec. 1, overseeing Canadian banking, global banking and markets, global wealth management and international banking at the bank. He will join as CEO, effective Feb. 1, from Finning International Inc, the largest dealer of Caterpillar Inc services and equipments, where he was the top boss for nine years.
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