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Bank of Montreal (BMO.TO)

BMO.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

George Cope

58 2020 Chairman of the Board

Darryl White

48 2018 Chief Executive Officer, Director

Thomas Flynn

56 2013 Chief Financial Officer

Daniel Barclay

2018 Chief Executive Officer & Group Head, BMO Capital Markets

David Casper

2018 U.S. Chief Executive Officer, BMO Financial Group, Chair and Chief Executive Officer, BMO Harris Bank N.A. and Group Head, North American Commercial Banking

Cameron Fowler

2017 President - North American Personal and Business Banking

Steve Tennyson

2018 Chief Technology and Operations Officer

Mona Malone

2019 Chief Human Resources Officer and Head of People & Culture, BMO Financial Group

Simon Fish

2013 General Counsel

Patrick Cronin

2018 Chief Risk Officer, BMO Financial Group

Erminia Johannson

2018 Group Head, North American Personal Banking & U.S. Business Banking, BMO Financial Group

Catherine Roche

2017 Head, Marketing and Strategy

Joanna Rotenberg

2016 Group Head, BMO Wealth Management

Janice Babiak

62 2012 Independent Director

Sophie Brochu

56 2011 Independent Director

Craig Broderick

60 2018 Independent Director

Christine Edwards

67 2010 Independent Director

Martin Eichenbaum

65 2015 Independent Director

Ronald Farmer

69 2003 Independent Director

David Harquail

63 2018 Independent Director

Linda Huber

61 2017 Independent Director

Eric La Fleche

58 2012 Independent Director

Lorraine Mitchelmore

57 2015 Independent Director

Biographies

Name Description

George Cope

Mr. George Alexander Cope serves as Chairman of the Board of the Company. George Cope, a Corporate Director, has served in public-company chief executive officer roles in the Canadian communications industry for more than 25 years, earning a reputation as an innovative operational and financial strategist, builder of next-generation broadband networks and leader of highperformance teams. Mr. Cope served as President and Chief Executive Officer of BCE Inc. and Bell Canada, the country’s largest communications company, from 2008-2020. Mr. Cope retired from Bell on January 5, 2020. Mr. Cope was appointed to the Order of Canada in 2014, inducted into the Canadian Business Hall of Fame in 2018 and recognized as: Report on Business CEO of the Year, Corporate Citizen Award (2019), one of Harvard Business Review’s top 100 Best-Performing CEOs in the World (2019); Canada’s Outstanding CEO of the Year (2015); Ivey Business Leader of the Year (2013); Marketer of the Year (1997); and one of Canada’s first Top 40 Under 40 (1996). A graduate of the Ivey School of Business at Western University (HBA ’84) and a member of the school’s advisory board, Mr. Cope has also been awarded honorary doctorates by Western, the University of Windsor, Trent University and Queen’s University. He served as Chair of United Way Toronto in 2013, and received the Queen’s Diamond Jubilee Medal for Bell Let’s Talk in 2012 and the Richard Ivey School Distinguished Service Award in 2009. Mr. Cope also serves on the Boards of Maple Leaf Sports & Entertainment, Brain Canada and CGI Inc.

Darryl White

Mr. Darryl White serves as Chief Executive Officer, Director of the Company. Darryl White is Chief Executive Officer of BMO Financial Group and was appointed in 2017. Mr. White first joined the Bank’s investment and corporate banking team in 1994. He is a director of BMO Financial Corp., the bank’s U.S. holding company. He is a member of the Ottawa-based Business Council of Canada and Washington, D.C.-based The Business Council. He also serves as a member of the Mayor of Beijing’s International Business Leaders Advisory Council. He serves as Vice-Chair of the Catalyst Canada Advisory Board and is a past member of the Advisory Council of Women in Capital Markets. Mr. White has strong ties to United Way Centraide. In 2018, he became Co-Chair of the Inclusive Local Economic Opportunity Roundtable, a partnership between BMO and United Way Greater Toronto that brings together business and community leaders to develop approaches to reduce economic disparity in the region. Mr. White serves as a director of Unity Health Toronto, which includes St. Michael’s Hospital, St. Joseph’s Health Centre and Providence Healthcare. He is also a director of the National Hockey League’s Montreal Canadiens, and Alpine Canada, the governing body for alpine, para-alpine and ski cross racing in Canada. Mr. White is a graduate of Western University’s Ivey Business School, and has completed the Advanced Management Program at the Harvard Business School.

Thomas Flynn

Mr. Thomas E. Flynn CPA is Chief Financial Officer of the Company. Mr. Flynn joined BMO Financial Group in 1992 and served in a number of roles within the BMO Capital Markets business, including Head of the Financial Services Corporate and Investment Banking Group. He was named Executive Vice-President Finance and Treasurer of the Bank in 2004 and served as Executive Vice-President and Chief Risk Officer from March 2008 until March 2011, when he was appointed Chief Financial Officer. In this role, he is responsible for financial governance and reporting, treasury and capital management, corporate development, investor relations, taxation and corporate communications across the Bank of Montreal group of companies. Mr. Flynn serves on the board of Sunnybrook Health Sciences Centre and is a member of the campaign leadership cabinet for the United Way of Greater Toronto. Mr. Flynn has an Honours BA in Business Administration, an MBA from the Ivey School of Business at Western University, and is a FCPA, FCA.

Daniel Barclay

Mr. Daniel D. Barclay is Chief Executive Officer & Group Head, BMO Capital Markets. Mr. Barclay is responsible for BMO Financial Group’s interactions with corporate, institutional and government clients worldwide. He is a member of BMO Financial Group’s Executive Committee and chairs BMO Capital Markets’ Operating and Executive committees. He currently serves on the Board of Directors of the Children’s Aid Foundation of Canada, was a past co-chair of the BMO Capital Markets United Way Employee Giving Campaign and is a recipient of the Women in Capital Markets Champion of Change Award (2016). 2019 Performance Under Mr. Barclay’s leadership, BMO Capital Markets performed well against its key priorities in 2019, including: ‰ Continuing to drive strong and increasing client loyalty scores. ‰ Establishing an enterprise Sustainable Finance Group. ‰ Winning key mandates and acting as financial advisor to key transactions. ‰ Building collaboration with the U.S. P&C business for key middle-market M&A business. ‰ Simplifying the segment structure by establishing a single International Capital Markets division. ‰ Completed the successful integration of KGS-Alpha with performance better than original business case

David Casper

Mr. David R. Casper serves as U.S. Chief Executive Officer, BMO Financial Group, Chair and Chief Executive Officer, BMO Harris Bank N.A. and Group Head, North American Commercial Banking. David is responsible for the overall performance of BMO Financial Corp., BMO Harris Bank N.A. and their subsidiaries. Additionally, Mr. Casper is responsible for the overall performance of BMO Financial Corp., BMO Harris Bank N.A. and their subsidiaries. Additionally, he has responsibility for BMO Financial Group’s North American Commercial Banking business, which includes the bank’s Treasury and Payment Solutions group. He is also responsible for ensuring effective governance across all BMO U.S. operations. He serves on the Board of Directors for the Chicago Public Library Foundation, the Ounce of Prevention Fund, the United Way of Greater Chicago, Northwestern Medical Group, Milwaukee’s Summerfest, the Civic Federation and World Business Chicago, and the Sentry Insurance Company. He is also on the Executive Committee of Junior Achievement of Chicago, a member of the Civic Committee of the Commercial Club of Chicago and the Trustees Committee of the Chicago Community Trust. 2019 Performance Mr. Casper delivered strong results against 2019 priorities, including: ‰ Delivering consistently strong financial performance. ‰ Completing end-to-end process transformations focused primarily on modernization of Treasury and Payment Solutions and deposit growth initiatives. ‰ Executing on our growth strategy in geographic and specialty coverage areas, successfully expanding our talent base through a strategic hiring initiative. ‰ Continuing to focus on driving diversity in senior leadership roles.

Cameron Fowler

Mr. Cameron Mcaskile Fowler serves as President - North American Personal and Business Banking of the Company, Mr. Fowler is responsible for setting the strategic direction for and providing leadership across the Personal and Business Banking businesses in Canada and the U.S. He also has enterprise accountability for retail payments, digital acceleration, channel strategy and the customer contact centres. Mr. Fowler chairs the bank’s Operating Committee. He is a member of the Board of Directors of BMO Financial Corp., CivicAction and the Centre for Addiction and Mental Health Foundation (CAMH). He is Co-Chair of the Major Banks Campaign for the United Way of Greater Toronto and has served as a past Chair of the Executive Council of the Canadian Bankers Association, Moneris Solutions and the Enbridge Ride to Conquer Cancer. 2019 Performance Mr. Fowler delivered strong results against 2019 priorities, including: ‰ Delivering strong financial performance. ‰ Achieving customer loyalty scores above plan in all businesses. ‰ Launching BMO Digital Banking in the U.S. and enhanced Canadian digital experiences like BMO QuickPay, winner of Gartner Eye on Innovation award. ‰ Completing an end-to-end reorganization of the segment structure, setting the foundation to accelerate growth, transform support functions and significantly reduce costs.

Steve Tennyson

Mr. Steve Tennyson is Chief Technology and Operations Officer of the Company. He was appointed on November 1, 2018. Steve is responsible for leading T&O to drive innovation and partner with business leaders to use technology as a strategic lever in achieving aggressive growth targets and defining great customer experience. Previously, Steve was the Executive Vice President & Chief Information Officer, Technology for BMO Financial Group. He was accountable for all aspects of information technology for channel and core banking systems, providing technology relationship management and delivery. Steve joined BMO from CIBC where he was Senior Vice-President, Retail Markets Technology, responsible for CIBC’s retail and wealth management applications and development groups globally, including applications for their personal banking, business banking and wealth management businesses. Prior to CIBC, Steve was with TD Bank for 17 years, with his last role as Senior Vice-President & CIO, responsible for TD Bank’s application and development groups globally, including applications for retail, wealth, wholesale and bank-wide corporate applications. Steve holds a BA from the University of Western Ontario, an MBA from the York Schulich School of Business and a Chartered Financial Analyst (CFA) designation from the CFA Institute.

Mona Malone

Ms. Mona Malone is Chief Human Resources Officer and Head of People & Culture, BMO Financial Group. Mona Malone is Chief Human Resources Officer and Head of People & Culture for BMO Financial Group. As a member of the bank’s Executive Committee, she leads and shapes our efforts to fuel our growth strategy with our most valuable asset – our people. In this role, she is accountable for the People & Culture agenda at BMO, which includes Human Resources, Corporate Communications, Community Giving, the Office of the Chief Executive Officer, BMO Quebec and the bank’s corporate university, BMO IFL. Mona has held roles in human resources and in the business over her 20 years at BMO. She was a Retail Banking Sales Leader at BMO in the GTA and VP Product and Marketing Officer at ePost (a joint venture between Canada post and BMO), in addition to a range of senior HR roles such as CHRO of Canada’s Personal and Commercial Banking group and Chief Learning & Talent Officer. Mona lives in Toronto with her husband and three children. She is a recipient of the Queen’s Diamond Jubilee Medal in recognition of her community service with youth development organizations. Mona holds an Honours Business Administration degree from Ivey Business School at University of Western Ontario. She is an Advisory Council member for the Ian O. Ihnatowycz Institute for Leadership at the Ivey Business School, and a member of the Branksome Hall Board of Governors and The Long Run Initiative Board of Governors.

Simon Fish

Mr. Simon A. Fish serves as General Counsel of Bank of Montreal. Prior to 2008, he was Executive Vice-President and General Counsel at Vale Inco Limited from 2006 to 2008 and Executive Vice-President and General Counsel at Shell Canada Limited from 2003 to 2006.

Patrick Cronin

Mr. Patrick Cronin has been appointed Chief Risk Officer, BMO Financial Group effective November 1, 2018. Mr. Cronin serves on the board of the Loran Scholars Foundation, the Canadian Derivatives Clearing Corporation, the Canadian Depository for Securities Limited and the Ivey Advisory Board, and is a campaign cabinet member of the SickKids Foundation. He holds an MBA from Western University’s Ivey School of Business and a Bachelor of Arts from the University of Toronto.

Erminia Johannson

Ms. Erminia (Ernie) Johannson is Group Head, North American Personal Banking & U.S. Business Banking, BMO Financial Group. rnie Johannson is BMO’s Group Head of North American Personal Banking and U.S. Business Banking, a member of the bank’s Executive Committee, and leads BMO’s North American Retail Payments team. Ernie heads up a team of 13,000 people responsible for serving more than 9 million personal and business banking customers. In her current role, Ernie supports BMO’s efforts to accelerate growth, building on her passion for delivering exceptional customer service and her track record of innovating and generating sustainable profit growth in a rapidly changing environment. Her North American mandate allows her to scale elements of BMO’s technological and cultural transformations already underway in both geographies. Ernie’s North American mandate is an expansion of her most recent position as Group Head, U.S. Personal & Business Banking. During her first year in that role, Ernie launched a bold five-year strategy that has changed the business’ trajectory. Revenue increased by double digits, and employee engagement significantly improved despite a heavy change agenda. She also championed the launch of new digital banking tools to meet growing customer expectations and compete with larger-scale U.S. banks. Ernie joined BMO in 2012 as Head, Canadian Personal Banking and North American Retail Payments, and moved to the role of Head, North American Retail Credit & Chief Risk Officer in 2016. As Head of Canadian Personal Banking and North American Retail Payments, Ernie drove growth and championed the customer experience strategy for retail and microbusiness customers. She led the integration and optimization of technologies, processes, marketing and channel strategies for the personal business.

Catherine Roche

Ms. Catherine Roche serves as Head, Marketing and Strategy of the Company. She was Head, Office of Strategic Management of the company. Prior to joining BMO, Ms. Roche spent 20 years working with the Boston Consulting Group (BCG), most recently as Partner and Managing Director. She led BCG’s global Center for Consumer and Customer Insight – a functional area of expertise on customer experience and knowledge that crosses all sectors. Adding to this broad and impressive background, Ms. Roche is a published expert in fields such as consumer analytics, data and customer experience. Ms. Roche sits on the boards of Futurpreneur Canada and Toronto Global. Ms. Roche holds a Bachelor of Commerce from Memorial University and an MBA from Harvard Business School, where she was a Baker Scholar and graduated with distinction.

Joanna Rotenberg

Ms. Joanna Rotenberg is Group Head, BMO Wealth Management of the Company. She was Chief Marketing Officer & Head - Strategy of Bank of Montreal. Ms. Rotenberg, who before July 2010 was a principal at McKinsey & Company.

Janice Babiak

Ms. Janice M. Babiak CPA (US), CA (UK), CISM, CISA, serves as Independent Director of Bank of Montreal. Jan Babiak, a Corporate Director, is a former Managing Partner at Ernst & Young LLP (EY), an accounting firm. From 1982 until the end of 2009, and based in the United Kingdom from 1990 onwards, she held a number of roles including global assurance and advisory P&L leadership roles in Technology Security and Risk Services and Regulatory and Public Policy; and she founded and led their global Climate Change and Sustainability Services practice. She also served on EY’s management board for Northern Europe, Middle East, India and Africa. Her current listed company portfolio includes serving on the board of Walgreens Boots Alliance, Inc. where she chairs the Audit Committee and serves on the Finance Committee. She joined the board of Euromoney Institutional Investor PLC beginning December 1, 2017 and serves on its Nominations Committee, Remuneration Committee and as its Senior Independent Director. She recently completed her final term having served nine years as a Council member for the Institute of Chartered Accountants in England and Wales but continues to serve on select working groups. She received a B.B.A. in Accounting from the University of Oklahoma and an M.B.A from Baldwin Wallace University and holds international information systems security and control, as well as US and UK accounting qualifications.

Sophie Brochu

Ms. Sophie Brochu, C.M. serves as Independent Director of Bank of Montreal. Sophie Brochu, a Corporate Director, has been active in the energy industry for more than 30 years. A graduate in economics from Universite´ Laval, she began her career in 1987 at SOQUIP, a Quebec Crown Corporation. In 1997 she joined E´nergir, as Vice President, Business Development. In 2007, after holding various positions in the company, she became President and Chief Executive Officer, a position she held until December 2019. Ms. Brochu serves on the Board of Directors of BCE/Bell and CGI Inc. Involved with Centraide of Greater Montre´al, Ms. Brochu is Chair of Fondation Forces Avenir, which promotes students’ involvement in their communities. She is founder of “ruelle de l’avenir”, a project aimed at encouraging students in the Centre-Sud and Hochelaga neighbourhoods of Montre´al to remain in school. Ms. Brochu is a member of the Order of Canada.

Craig Broderick

Mr. Craig W. Broderick is Independent Director of the Company. Craig Broderick is a Corporate Director. He is a Senior Director at Goldman, Sachs & Co., an investment banking firm, from which he retired as an active employee in January 2018. He was, until then, the firm’s Chief Risk Officer, a member of its Management Committee, and Chair or co-chair of key risk committees. He spent 32 years with Goldman Sachs, primarily in the risk field. He holds a BA from the College of William and Mary. He is active with his alma mater, including serving nine years as a Trustee, and was chair of its Investment Committee

Christine Edwards

Ms. Christine A. Edwards serves as Independent Director of Bank of Montreal. Christine Edwards is a Capital Partner and chairs the Bank Regulatory Practice Group of Winston & Strawn LLP, an International law firm headquartered in the US. Prior to joining Winston & Strawn in 2003, she was Executive Vice-President and Chief Legal Officer at several Fortune 250 Financial Services Companies including Bank One Corporation and Morgan Stanley. In those roles she had responsibility for each company’s law, compliance, regulatory and government relations functions. Ms. Edwards is ranked nationally in the area of Financial Services and Securities Regulation by Chambers USA and America’s Leading Lawyers for Business; is an Illinois Super Lawyer and is listed in The Legal 500. Ms. Edwards is Vice-Chair of the Board of Trustees and serves on the Executive, Audit and Nominating and Governance Committees for Rush University Medical Center, a leading academic medical center in Chicago. In Washington D.C., Ms. Edwards serves on the Leadership Board of the U.S. Chamber of Commerce Center for Capital Markets Competitiveness. Ms. Edwards received a B.A. in English and Education from the University of Maryland and a J.D., with honors, from the University of Maryland School of Law

Martin Eichenbaum

Mr. Martin Stewart Eichenbaum serves as Independent Director of Bank of Montreal. Dr. Martin Eichenbaum is the Charles Moskos Professor of Economics at Northwestern University (where he has been a Professor since 1988) and co-director of the Center for International Economics and Development at Northwestern University. He is an International Fellow of the C.D. Howe Institute and a fellow of both the American Academy of Arts and Sciences and the Econometric Society. He is also an Associate of the National Bureau of Economic Research (NBER) and a co-editor of its Macro Annual. He spent four years as the co-editor of the American Economic Review. He has served as a consultant to the Federal Reserve Banks of Atlanta and Chicago and the International Monetary Fund. He received a Bachelor of Commerce from McGill University and a Doctorate in Economics from the University of Minnesota.

Ronald Farmer

Mr. Ronald Harold Farmer serves as Independent Director of Bank of Montreal. Ron Farmer is Managing Director of Mosaic Capital Partners, a Toronto-based management and holding company with interests in several private companies. Prior to joining Mosaic in 2003, he spent 25 years with McKinsey & Company, serving as the Managing Partner for the Canadian practice from 1991 to 1997. Mr. Farmer is a director of Integran Technologies and PowerMetal Technologies. He also serves on the Dean’s Advisory Council of the Schulich School of Business. He holds a B.A. and an M.B.A. from Western University.

David Harquail

Mr. David Harquail serves as Independent Director of the company. David Harquail is Chief Executive Officer of Franco-Nevada Corporation, a leading gold mining and energy royalty company. Mr. Harquail is also Chair of the World Gold Council which works to stimulate the demand for gold on behalf of the leading gold producers. He is currently active on the United Way Toronto & York Region Campaign Cabinet and has over 35 years of experience on public and non-profit boards and task force advisories. Mr. Harquail holds a B.A.Sc. in Geological Engineering from the University of Toronto, an MBA from McGill University and is a registered Professional Engineer in Ontario. He is also a major benefactor of the Harquail School of Earth Sciences and its Mineral Exploration Research Centre (MERC) at Laurentian University in Sudbury as well as the Harquail Centre for Neuromodulation at Sunnybrook Health Sciences Centre in Toronto.

Linda Huber

Ms. Linda Susan Huber serves as Independent Director of the Company. Linda S. Huber is Chief Financial Officer and Treasurer at MSCI Inc., where she manages the Company’s global finance and investor relations functions. Prior to joining MSCI in April 2019, she was Executive Vice President and Chief Financial Officer of Moody’s Corporation until June 2018, where she had executive responsibility for the corporation’s global finance activities, information technology, communications and corporate services functions, as well as The Moody’s Foundation. Before joining Moody’s in 2005, Ms. Huber served in several increasingly senior roles in financial services, having served as Executive Vice President and Chief Financial Officer at U.S. Trust Company, a subsidiary of Charles Schwab & Company, Inc.; Managing Director at Freeman & Co.; Vice President of Corporate Strategy and Development and Vice President and Assistant Treasurer at PepsiCo. Ms. Huber also held the rank of Captain in the U.S. Army and during her four years of military service, she received two Meritorious Service Medals and became airborne qualified. Ms. Huber holds an M.B.A. from the Stanford Graduate School of Business and a B.S. (with high honors) in business and economics from Lehigh University.

Eric La Fleche

Mr. Eric Richer La Fleche serves as Independent Director of Bank of Montreal. Eric La Flèche is President and Chief Executive Officer of Metro Inc., a leading Canadian food and pharmacy retailer and distributor, since April 2008. He joined Metro in 1991 and has held several positions of increasing responsibility, including Executive Vice-President and Chief Operating Officer from 2005 to 2008. Mr. La Flèche holds an M.B.A. from Harvard Business School and a civil law degree cum laude from the University of Ottawa. He is a long-time volunteer with Centraide of Greater Montreal (2015 Campaign Co-Chair) and serves on the advisory board of Tel-Jeunes, the leading kids help phone service in Quebec. In 2015, Mr. La Flèche was recognized as CEO of the Year in Quebec by Les Affaires, a leading business publication.

Lorraine Mitchelmore

Ms. Lorraine Mitchelmore serves as Independent Director of Bank of Montreal. Lorraine Mitchelmore, a Corporate Director, was until September 2018, the President and Chief Executive Officer of Enlighten Innovations Inc. She is also the Former Executive Vice President Heavy Oil for Shell, and Former Shell Canada Limited President and Canada Country Chair. Ms. Mitchelmore has over 30 years’ experience in the international Oil and Gas industry, including areas of risk management, business strategy, operations, and employee health and safety. Prior to joining Shell in 2002, Ms. Mitchelmore worked with PetroCanada, Chevron, and BHP Petroleum. Ms. Mitchelmore holds a BSc in Geophysics from Memorial University of Newfoundland, an MSc in Geophysics from the University of Melbourne, Australia and an MBA from Kingston Business School in London, England. Ms. Mitchelmore currently serves on the Catalyst Canada Board of Advisors, Suncor Energy Inc. Board of Directors and was the recent chair of the Federal Resources of the Future Economic Strategy Table. She is also the Founder and co-chair of Smart Prosperity.