Finance Minister Joe Oliver announced today the appointment of a new Royal Canadian Mint (RCM) president and CEO as well as a new chair of the board.
Sandra Hanington, former executive vice-president of BMO Financial Group, will be taking over as the new president and CEO. Marc Brûlé had been serving as interim president and CEO since 2014, after former mint master Ian Bennett retired.
“I congratulate Sandra Hanington on her appointment as Master of the Royal Canadian Mint. Her background in the financial industry and her extensive knowledge across a broad range of areas, from human resources and corporate governance to operational strategy and marketing, make her an ideal fit for this important role,” said Oliver.
She will be responsible for providing leadership and direction in all aspects of the RCM’s activities, performance and development and will report to the board of directors.
According to a release, Hanington has extensive experience in governance through various board positions. She is co-founder, board director and former board chair of Jack.org, which promotes mental health and wellness for youth in Canada. In 2014 she was appointed to the board of directors of Canada Mortgage and Housing Corporation and Extendicare, Inc. She has also served on the boards of Symcor Corp. and Kids Help Phone.
Hanington was previously executive vice-president, BMO Financial Group. She joined BMO Financial Group in 1999 as vice-president, Insurance, and held a number of progressively senior executive roles in both Canada and the United States. Prior to joining BMO Financial Group, she worked for Manulife Financial/North American Life Assurance, Royal Trustco Ltd. and Suncor Inc./Sunoco Group.
Hanington is a licensed professional engineer with a Bachelor of Applied Science from the University of Waterloo and a Master of Business Administration from the Rotman School of Management, University of Toronto. She is also a certified member of the Institute of Corporate Directors.
Carman Joynt will be leaving his position as acting chair of the RCM’s audit committee to serve as chairperson of its board of directors.
“Carman Joynt has been an asset to the Royal Canadian Mint and I congratulate him on his appointment as chairperson of the board of directors,” said Oliver.
“I am pleased that the Mint will continue to benefit from his leadership and expertise.”
Both appointments are for five-year terms.