OTTAWA — An upcoming selection process was recently announced by Minister of Housing, Infrastructure and Communities Sean Fraser for a new president and CEO of the Canada Mortgage and Housing Corporation (CMHC).
The current President and CEO, Romy Bowers, is leaving the role in December to pursue a role as director in the office of risk management at the International Monetary Fund.
Michel Tremblay, CMHC’s chief financial officer and senior vice-president of corporate services, will assume responsibility for the management of CMHC until a new president is appointed by the governor in council.
The Government of Canada will launch an open, transparent and merit-based selection process to identify a new president and CEO, a release indicates, adding this will be in addition to the active selection processes currently underway for various CMHC board of director positions.
“On behalf of the board of directors, I want to express my sincerest thanks to Ms. Bowers for her remarkable leadership as President and CEO over the past several years,” said Derek Ballantyne, chair of the CMHC Board of Directors, in a statement. “The board will be actively engaged with the Government of Canada in the process of identifying the CMHC’s next leader and is fully committed to ensuring a smooth and seamless transition during this period.”