04:47 PM EDT, 09/09/2024 (MT Newswires) -- Laurentian Bank of Canada ( LRCDF ) after trade Monday said it is making organizational changes to its executive team, in line with a strategic plan it unveiled in May, part of a drive to "simplify its structure and improve operational efficiency".

Thierry Langevin, currently Executive Vice-President, Commercial Banking, has been appointed Group Head, Personal and Commercial Banking, regrouping of banking services under unified leadership to " allow the bank to create synergies between its teams and offer a harmonized, more efficient customer experience."

Marie-Christine Custeau, Head of Strategy and Transformation, will add the role of Digital Experience and Payments, a strategic realignment designed to consolidate the bank's digital transformation efforts.

Macha Pohu, currently Chief Human Resources Officer, will assume responsibility for Corporate Affairs and Legal Affairs with the new title of Head of Human Resources and Corporate Affairs.

Christian De Broux, currently Executive Vice President, Chief Risk Officer, will additionally oversee the company's compliance teams.

Laurentian Bank is also change the make up of its Executive Committee, and is announcing the departures of Sebastien Belair, Chief Operating Officer, and Bindu Cudjoe, Chief Legal Officer and Corporate Secretary.

The bank's shares closed up $0.44 to $26.55 on the Toronto Stock Exchange.