The Globe and Mail reports in its Tuesday, Oct. 3, edition that
Laurentian Bank of Canada's former chief executive officer Rania Llewellyn is in line for a $6.7-million severance package, according to the bank's regulatory filings. The Globe's Andrew Willis writes that Ms. Llewellyn, who was replaced by Eric Provost on Sunday, earned $3.38-million last year, including a $1.3-million cash bonus awarded for exceeding the bank's financial targets. In its proxy circular, Laurentian said it caps severance pay for executives at a maximum of two years of their compensation.
Ms. Llewellyn began her career as a part-time teller at Bank of Nova Scotia and rose through the ranks before being recruited to the top job at Laurentian in 2020.
The Globe says Ms. Llewellyn did not return calls for comment on Monday.
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