Nov. 28, 2022 — THE INSURANCE Bureau of Canada has chosen to promote from within following what it called an extensive search for a new CEO.
Celyeste Power will take the helm following the retirement of current president and CEO Don Forgeron at the end of this year.
Ms. Power joined the bureau in 2014 as media relations manager and held several other roles before assuming her current position as executive VP for strategic initiatives and advocacy earlier this year.
She is responsible for the IBC’s national advocacy priorities and leads operational strategies including planning and budget development.
Prior to joining the bureau, Ms. Power was a government relations adviser for the Canadian Electricity Association and before that she held several senior roles with the government of Canada, including issues manager for the office of the prime minister.
Ms. Power is an active member of the Insurance Supper Club Canada, an organization that supports the advancement of women to senior positions across the insurance industry.
She has a bachelor of arts degree from the University of Ottawa and a master of business administration certificate from the University of Toronto’s Rotman School of Management.
“I am thrilled about the opportunity to lead one of Canada’s pre-eminent industry associtions,” she said in a release earlier this month.
“I am truly passionate about the important work IBC does on behalf of p&c insurers, bringing forward public policy solutions to some of the most urgent challenges facing our country.”
Mr. Forgeron announced in June that he was retiring after leading the p&c insurer trade association for more than 13 years. He took the helm in 2009 after serving as the IBC’s Atlantic VP for 15 years.
Mr. Forgeron succeeded Mark Yakabuski, who held the CEO role from 2007-2008. He took over from Stan Griffin, who led the bureau from 2002-2007.
Prior to that George Anderson was president and/or CEO for 10 years beginning in 1992.
Established in 1964, the IBC is a national association that represents Canada’s private home, auto and business insurers.
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