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Royal Bank of Canada (RBC) has declared the appointment of Katherine Gibson as interim Chief Financial Officer, effective immediately, following the departure of Nadine Ahn.
The sudden departure of Nadine Ahn prompted RBC to take swift action, appointing Katherine Gibson as interim CFO to maintain continuity in financial leadership.
RBC disclosed that it had become aware of allegations against Ahn and initiated an investigation. The investigation revealed that Ahn violated the bank’s code of conduct by engaging in an undisclosed close personal relationship with another employee.
This relationship resulted in preferential treatment for the employee, including promotions and compensation increases.
As a result of the investigation findings, both Nadine Ahn and the other employee involved had their employment terminated, according to a statement issued by RBC.
Despite the allegations against Ahn, the investigation found no evidence of misconduct related to RBC’s financial statements, strategic decisions, or overall financial and business performance.
Prior to her role as CFO, Nadine Ahn served as the head of investor relations at RBC. She assumed the position of CFO in September 2021.
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