The Globe and Mail reports in its Thursday edition that BMO's chief financial officer is retiring after five years with the lender, adding to BMO's recent leadership changes. The Globe's Tim Kiladze writes that CFO Tayfun Tuzun, hired in 2020, is retiring as of early 2026, but will remain on the board of BMO's U.S. subsidiary. Rahul Nalgirkar, who joined BMO three years ago as CFO of the bank's American arm, as well as of its commercial banking businesses in Canada and the U.S., will take over as CFO of the entire bank. Mr. Tuzun's departure follows executive changes announced in June that added Aron Levine, a former Bank of America executive, as the head of BMO's personal and business banking, commercial banking and wealth management businesses in the U.S. At the same time, BMO announced the retirement of Ernie Johannson, who previously ran personal and business banking for North America, and moved Nadim Hirji, the former head of commercial banking, into the role of vice-chair. In Canada, personal and commercial banking are now co-run by Sharon Haward-Laird and Mat Mehrotra. The shake-up comes at the eight-year mark for chief executive officer Darryl White, meaning BMO now has a new slate of succession candidates.