The Canadian Investment Regulatory Organization (CIRO) announced that Timothy Hodgson has stepped down as Chair of the Board, effective immediately, to pursue elected office. Miranda Hubbs, an independent board member and Chair of the Governance Committee, will serve as Interim Chair under CIRO’s governance framework. Hodgson had served as CIRO’s inaugural Chair since 1 January 2023. CIRO’s Board will immediately begin the process to appoint a permanent successor, with the search led by an independent director on behalf of the Governance Committee.