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Bank of Canada names new deputy governor, 91Ƶtemporarily91Ƶ expanding governing council

Sharon Kozicki will take on the role on Aug. 2 after serving eight years as an adviser
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The Bank of Canada in Ottawa on Wednesday, July 14, 2021. THE CANADIAN PRESS/Sean Kilpatrick

The Bank of Canada is naming a longtime central banker as a new deputy governor beginning early next month.

The bank says Sharon Kozicki will take on the role on Aug. 2 after serving eight years as an adviser to former governor Stephen Poloz and current governor Tiff Macklem.

She also worked on the bank91Ƶs monetary policy framework in 2016 when the Bank of Canada renewed its inflation-targeting agreement with the federal government, which will be renewed again later this year.

In a statement, Macklem says Kozicki will make an important contribution to deliberations by the bank91Ƶs governing council and ensure the Bank of Canada takes 91Ƶdecisions based on diverse perspectives.91Ƶ

Her appointment brings the size of the bank91Ƶs governing council back up to a full complement of six members, and is also the second hire in as many weeks after the bank named Carolyn Rogers as the new second-in-command starting in mid-December.

Once Rogers comes on the board, the central bank says in a statement that governing council 91Ƶwill temporarily consist of seven people,91Ƶ which it adds will allow for 91Ƶsmooth succession in the event of future retirements.91Ƶ

The Canadian Press

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