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Tangerine Announces Brenda Rideout as new President and CEO
*Toronto, ON (February 22, 2017)* a{ €}" Tangerine today announced that
Brenda Rideout will succeed Peter Aceto as President and CEO, effective
March 1, 2017.
Peter Aceto has served as President and CEO since 2008 and has been with
the organization for over 20 years. Aceto led the organization through
its acquisition by Scotiabank and its successful transition from the
country's first direct bank to Canada's leading digital bank with over
two million clients.
"It has been an honour to be part of Tangerine and I am proud of what we
have accomplished for our clients," said Aceto. "Tangerine's success is
due in large part to the strength of its team. Brenda is an exceptional
leader and is the right person to lead the organization and deepen the
relationship it has with its customers."
Brenda Rideout joined Tangerine (formerly ING DIRECT) 17 years ago and
has led many of the bank's most strategic initiatives including the
launch of several direct banks internationally under ING Group, the
brand transition to Tangerine and has been instrumental in growing the
bank's Canadian presence.
"I'm excited to lead Tangerine," said Rideout. "Our purpose is to help
Canadians live better lives by helping them make smart decisions with
their money and we will continue to appeal to value-conscious Canadians
while driving the bank's performance and remaining a client experience
leader."
Rideout has held key roles on the Tangerine management team including
Chief Strategy Officer, Chief Marketing Officer, Chief Information
Officer and Chief Technology and Operations Officer.
"Brenda is an extremely talented, experienced and capable leader and we
congratulate her on this important appointment," said James McPhedran,
Executive Vice President, Canadian Banking, at Scotiabank. "We also
thank Peter for his dedication and wish him well in his future endeavours."
"It has been a pleasure working with Peter. He's a tremendous leader and
has been an important part of Tangerine's success. On behalf of the
team, I'd like to thank him for his vision and leadership," said Rideout.
*About Tangerine*
Tangerine is a direct bank that delivers simplified everyday banking to
Canadians. With over 2 million Clients and close to $38 billion in total
assets, we are Canada's leading direct bank. Tangerine offers banking
that is flexible and accessible, products and services that are
innovative, fair fees, and award-winning Client service. From no-fee
daily chequing and high-interest savings accounts, Credit Card, GICs,
RSPs, TFSAs, mortgages and mutual funds through its subsidiary,
Tangerine Investment Funds Ltd., Tangerine has the everyday banking
products Canadians need. With over 1,000 employees in Canada, our
presence extends beyond our website and Mobile Banking app to our CafAcopyright
locations, Pop-Up locations, Kiosks and 24/7 Contact Centres. Tangerine
was launched as ING DIRECT Canada in 1997. In 2012 it was acquired by
Scotiabank, and operates independently as a wholly-owned subsidiary.
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<h1>Tangerine Announces Brenda Rideout as new President and CEO</h1>
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<p><strong>Toronto, ON (February 22, 2017)</strong> - Tangerine
today announced that Brenda Rideout will succeed Peter Aceto as
President and CEO, effective March 1, 2017.</p>
<p>Peter Aceto has served as President and CEO since 2008 and has
been with the organization for over 20 years. Aceto led the
organization through its acquisition by Scotiabank and its
successful transition from the country's first direct bank to
Canada's leading digital bank with over two million clients.</p>
<p>"It has been an honour to be part of Tangerine and I am proud
of what we have accomplished for our clients," said Aceto.
"Tangerine's success is due in large part to the strength of its
team. Brenda is an exceptional leader and is the right person to
lead the organization and deepen the relationship it has with
its customers."</p>
<p>Brenda Rideout joined Tangerine (formerly ING DIRECT) 17 years
ago and has led many of the bank's most strategic initiatives
including the launch of several direct banks internationally
under ING Group, the brand transition to Tangerine and has been
instrumental in growing the bank's Canadian presence.</p>
<p>"I'm excited to lead Tangerine," said Rideout. "Our purpose is
to help Canadians live better lives by helping them make smart
decisions with their money and we will continue to appeal to
value-conscious Canadians while driving the bank's performance
and remaining a client experience leader."</p>
<p>Rideout has held key roles on the Tangerine management team
including Chief Strategy Officer, Chief Marketing Officer, Chief
Information Officer and Chief Technology and Operations Officer.</p>
<p>"Brenda is an extremely talented, experienced and capable
leader and we congratulate her on this important appointment,"
said James McPhedran, Executive Vice President, Canadian
Banking, at Scotiabank. "We also thank Peter for his dedication
and wish him well in his future endeavours."</p>
<p>"It has been a pleasure working with Peter. He's a tremendous
leader and has been an important part of Tangerine's success. On
behalf of the team, I'd like to thank him for his vision and
leadership," said Rideout.</p>
<p><strong>About Tangerine</strong></p>
<p>Tangerine is a direct bank that delivers simplified everyday
banking to Canadians. With over 2 million Clients and close to
$38 billion in total assets, we are Canada's leading direct
bank. Tangerine offers banking that is flexible and accessible,
products and services that are innovative, fair fees, and
award-winning Client service. From no-fee daily chequing and
high-interest savings accounts, Credit Card, GICs, RSPs, TFSAs,
mortgages and mutual funds through its subsidiary, Tangerine
Investment Funds Ltd., Tangerine has the everyday banking
products Canadians need. With over 1,000 employees in Canada,
our presence extends beyond our website and Mobile Banking app
to our Cafe locations, Pop-Up locations, Kiosks and 24/7 Contact
Centres. Tangerine was launched as ING DIRECT Canada in 1997. In
2012 it was acquired by Scotiabank, and operates independently
as a wholly-owned subsidiary.</p>
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