The Bank of Canada announced changes to its Governing Council, with Deputy Governor Rhys Mendes leaving his post on April 10 and Deputy Governor Sharon Kozicki retiring on July 15. The Bank will undertake an internal recruitment process to fill both positions. Mendes, appointed in 2023, oversaw the Bank’s analysis of international economic developments and served as its G7 and G20 deputy, and is leaving to relocate to Toronto with his family. Kozicki joined the Bank in 2006 and was appointed Deputy Governor in 2021, with responsibility for analysis of domestic economic developments, following a career that also included roles in the US Federal Reserve System.
Bank of Canada 2026-03-23
Bank of Canada announces April and July departures of Deputy Governors Rhys Mendes and Sharon Kozicki
The Bank of Canada announced the departure of Deputy Governor Rhys Mendes on April 10 and the retirement of Deputy Governor Sharon Kozicki on July 15. An internal recruitment process will be conducted to fill both positions. Mendes and Kozicki have been instrumental in overseeing international and domestic economic analyses, respectively.