Cynthia Devine to be appointed to the Board of Directors of Royal Bank of Canada

TORONTO, July 8, 2020 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that Cynthia Devine will be appointed to its board of directors, effective August 1, 2020. Ms. Devine will join the Audit and the Governance Committees.

"We are pleased to be welcoming Cynthia to RBC's Board of Directors. Cynthia is an outstanding business leader who brings deep financial, governance and talent management experience across a wide range of sectors, including sports & entertainment, real estate and consumer goods," said Katie Taylor, Chair of the Board, RBC. "We're proud of the strides we've made toward achieving a diverse board that today is over 40% women and also has BIPOC representation. We recognize that there is more work to be done and remain diligent in our commitment for even greater diversity going forward."

Ms. Devine is currently the Chief Financial Officer of Maple Leaf Sports and Entertainment (MLSE), where she is responsible for providing financial oversight and guidance, including financial reporting, planning and analysis, treasury, taxation, and internal audit. Before joining MLSE in 2017, she was Executive Vice President and Chief Financial Officer of RioCan REIT. Prior to this, Ms. Devine was the Chief Financial Officer of Tim Hortons Inc. for 11 years, most notably providing financial leadership of the company's merger with 3G Capital and Burger King in 2014, and its initial public offering on the TSX and NYSE in 2006.

Ms. Devine is also a member of the Board of Directors and is the Audit Committee Chair for Empire Company Limited / Sobeys Inc.

In addition to receiving a Fellow of the Institute of Chartered Accountants of Ontario in 2011, Ms. Devine was recognized as Canada's CFO of the Year in 2010 and received Canada's Top 100 Most Powerful Women Award in 2008 and 2012.

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Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎

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SOURCE Royal Bank of Canada