Man Named to Lead Canadian Women's Advisory Board -- Again

Sep 15, 2017 6:22 am ET

(Bloomberg) -- For the second time in a row, a man was named as chairman of a Canadian organization that aims to promote women at work.

Catalyst, a global nonprofit organization that aims to promote progress for women through “workplace inclusion,” appointed Victor Dodig chairman of the advisory board for its Canadian operations. Dodig, chief executive officer of Canadian Imperial Bank of Commerce, replaces Bank of Montreal CEO Bill Downe, who retires from the bank this year.

Dodig is “a vocal advocate for gender diversity in the workplace and actively supports the advancement of talented women to executive roles and on boards,” according to a Catalyst statement Thursday.

Of the 19 members of Catalyst Canada’s advisory board, seven are women. About 3 percent of Canadian-based public companies have female heads, data compiled by Bloomberg show, and there are no female CEOs of the top five banks in the country.

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