Michael Penner - Bank of Nova Scotia Independent Director

BNS Stock  USD 48.10  0.13  0.27%   

Director

Mr. Michael D. Penner serves as an Independent Director of the Company. He is the Chairman of the Board of Directors of HydroQue bec, Canadas largest electric utility and power generation company and the worlds fourth largest hydropower producer. He was the President and Chief Executive Officer of Peds Legwear prior to selling his company to Gildan Activewear Inc. in August 2016. Mr. Penner was active in the community, serving last year as Chair of the Montreal Museum of Fine Arts annual fundraising activity and in the past as a member of the Board of Directors of Les Grands Ballets Canadiens de Montre al, Selwyn House School, Hofstra University School of Law and McGill University Football since 2017.
Age 51
Tenure 8 years
Address 40 Temperance Street, Toronto, ON, Canada, M5H 0B4
Phone416 866 6161
Webhttps://www.scotiabank.com
Penner holds a Bachelor of Arts degree from McGill University and a Juris Doctor from Hofstra University in New York.

Bank of Nova Scotia Management Efficiency

At this time, Bank of Nova Scotia's Return On Tangible Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.01 in 2025, whereas Return On Capital Employed is likely to drop 0.01 in 2025. At this time, Bank of Nova Scotia's Non Current Assets Total are comparatively stable compared to the past year. Net Tangible Assets is likely to gain to about 82.5 B in 2025, despite the fact that Non Currrent Assets Other are likely to grow to (255.5 B). Bank of Nova Scotia's management efficiency ratios could be used to measure how well Bank of Nova Scotia manages its routine affairs as well as how well it operates its assets and liabilities.
Bank of Nova has 300.67 B in debt with debt to equity (D/E) ratio of 14.91, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Note however, debt could still be an excellent tool for Bank to invest in growth at high rates of return.

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The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada. Bank of Nova Scotia is traded on New York Stock Exchange in the United States. Bank of Nova (BNS) is traded on New York Stock Exchange in USA. It is located in 40 Temperance Street, Toronto, ON, Canada, M5H 0B4 and employs 88,722 people. Bank of Nova Scotia is listed under Diversified Banks category by Fama And French industry classification.

Management Performance

Bank of Nova Scotia Leadership Team

Elected by the shareholders, the Bank of Nova Scotia's board of directors comprises two types of representatives: Bank of Nova Scotia inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bank. The board's role is to monitor Bank of Nova Scotia's management team and ensure that shareholders' interests are well served. Bank of Nova Scotia's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bank of Nova Scotia's outside directors are responsible for providing unbiased perspectives on the board's policies.
Daniel Callahan, Independent Director
Brian Porter, President, Chief Executive Officer, Director
Ignacio Deschamps, Group Head - International Banking and Digital Transformation
Stuart Davis, Executive Vice President - Financial Crimes Risk Management & Group Chief Anti-Money Laundering Officer
Kevin Teslyk, Executive Vice President, Chief Operating Officer - Canadian Banking
Susan Segal, Independent Director
Michael Zerbs, Executive Vice-President and Co-Head Information Technology, Enterprise Technology
Francisco Silva, Group Banking
BA BSc, Group Banking
Chris Manning, Executive Banking
Calin Rovinescu, Independent Director
Gillian Riley, Executive Vice President, President & Chief Executive Officer, Tangerine
Rania Llewellyn, Executive Vice President - Global Business Payments
Michelle Khalili, MD Markets
Barbara Mason, Group Head and Chief Human Resources Officer
Shawn Rose, Executive Vice President, Chief Digital Officer
Jake Lawrence, Co-Group Head, Global Banking and Markets, Head, Global Capital Markets
Maria Theofilaktidis, Executive Vice President, Chief Compliance Officer, Head of Enterprise Risk
Ashley Veasey, Executive Vice President - & Global Chief Information Officer, Business Technology
JeanFrancois CFA, President Quebec
TerriLee Weeks, President Tangerine
Jenny Poulos, Chief Officer
BCom AMP, CEO Director
Michael Henry, Executive Vice-President Retail Payments, Deposits and Unsecured Lending
Lynn Patterson, Independent Director
Nora Aufreiter, Independent Director
Rajagopal Viswanathan, Chief Financial Officer, Executive Vice President
James Neate, Co-Group Head, Global Banking and Markets, Head, Global Corporate and Investment Banking
Nicole Frew, Executive Vice President Chief Compliance Officer
Philip Smith, VP Relations
Julie Walsh, Executive Officer
Tim Clarke, Chief Technology
Dan Rees, Executive Vice President - Operations
Chadwick Westlake, Executive Vice President and Enterprise Productivity & Canadian Banking Finance
Aaron Regent, Independent Chairman of the Board
Jaime Larry, VP Secretary
Tiff Macklem, Independent Director
Miguel Labarthe, Executive Vice President and Country Head, Scotiabank Peru
Phil Thomas, Executive Vice President - Customer Insights, Data & Analytics
Travis Machen, CEO Business
Daniel Moore, Executive Vice President Chief Market Risk Officer, Chief Risk Officer
Ian Arellano, Executive Vice President General Counsel
L Thomson, Independent Director
Neal Kerr, Executive Management
Tracy Bryan, Executive Vice President - Global Operations
Paul Baroni, Executive Vice President and Chief Auditor
Alex Besharat, Executive Vice President - Canadian Wealth Management
John McCartney, Head Relations
Tom McGuire, Executive Vice President, Group Treasurer
Meigan Terry, Chief VP
Peter Heidinger, MD plc
Michael Penner, Independent Director
John Doig, Executive Vice President Chief Marketing Officer
Guillermo Babatz, Independent Director
Francisco Taboada, Executive Vice President and Country Head, Scotiabank Chile
Indira Samarasekera, Independent Director
Una Power, Independent Director
Daniel Rees, Group Banking
Glen Gowland, Executive Vice President - Global Wealth Management
Charles Dallara, Independent Director
Scott Thomson, Independent Director
Benita Warmbold, Independent Director
Philip BA, Group Officer
Loretta Marcoccia, Chief Operating Officer, Executive Vice President - Global Banking and Markets
Nives Gaiotto, Assistant Secretary
Philp Thomas, Executive Vice President - Customer Insights, Data & Analytics
Scott Bonham, Independent Director
Adrian Rosiles, Executive Vice President and Country Head, Scotiabank Mexico
Anya Schnoor, Executive Vice President, Caribbean, Central America and Uruguay Scotiabank
Mark Mulroney, Vice Markets
Anique Asher, Executive Vice President - Finance and Strategy

Bank Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Bank of Nova Scotia a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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