TORONTO, April 6, 2020 /CNW/ - It is with great sadness that countless across Scotiabank mourn the loss of Thomas O'Neill, former Chairman of the Bank.

"Tom's legacy extends beyond his own family, and our Bank. It's greater than his integrity, generosity and tremendous business acumen," said Scotiabank President & CEO Brian Porter. "Tom's legacy is every person he mentored, coached, and encouraged. Tom was a father figure to many of us at the Bank. He will be sorely missed by those who were fortunate to know him. He was a remarkable man." 

Mr. O'Neill's contributions to corporate Canada earned him accolades and high regard across the business community. With a rich career spanning roles as CEO and Chair of PricewaterhouseCoopers Consulting, Chair of BCE Inc., and a director of Loblaw Companies Limited, Nexen Inc., and Adecco, S.A, Mr. O'Neill stands as one this country's most accomplished business and corporate governance leaders.

Mr. O'Neill was Board Chairman from 2014 to 2019 and was appointed to the Scotiabank Board in 2008. He was a powerful force for change in corporate Canada and leaves a tremendous legacy in this country. Under his stewardship, Scotiabank underwent significant transformation to strategically reposition its businesses and made significant investments in technology and leadership development.

Mr. O'Neill will be remembered fondly through the quieter, human acts of leadership he demonstrated every day. Many across the Bank have benefitted from his keen interest, advice and the efforts he took to bring out the best in those around him. He was a tireless advocate for women's representation on corporate boards and during his tenure as Chairman, the Bank increased its representation of women directors to 40%.

Mr. O'Neill received several recognitions in corporate governance throughout his career and was honored by the Institute of Chartered Accountants of Ontario and Catalyst Canada. He gave his time and expertise to strengthen the community as Chair of St. Michael's Hospital, on the Advisory Board of Queen's University School of Business, and as a Fellow of the Institute of Corporate Directors.

Even after his retirement from the Board, Mr. O'Neill remained an incredibly supportive presence to the Bank's senior leaders, offering advice and mentorship to many. Our deepest condolences go to his wife Susan and his family. He will be deeply missed by all who were fortunate to know him.

SOURCE Scotiabank