Manulife Bank has announced that Rick Looney, President and CEO, will retire and step down at the end of February.
Alex Lucas, currently the head of personal insurance, Manulife Canada, will take over starting March. In a release, Manulife Bank praised Lucas’ strong reputation as a passionate leader dedicated to doing the right thing for its teams and customers.
It said: “For more than seven years, Rick’s inspiring leadership has helped our bank teams grow into a leader in the digital banking world and transform our business – one that is driven by our innovative products, service and digital We are consistently recognized for offerings and one that has led the way in our digital transformation in our Canadian business. Rick is headed into retirement with a long list of successes and accomplishments, and we wish him all the best in this next chapter.”