She leaves the post five months before her seven-year term was scheduled to end
Carolyn Wilkins, senior deputy governor at the Bank of Canada, announced late last week that she will be leaving her post on December 09, a full five months before her seven-year term was set to end in May 2021.
“The end of the year provides for an appropriate time for me to leave the bank, so that I can explore the next chapter in my career,” Wilkins said in a statement released by the central bank. “It also enables Governor Macklem and the board to move forward in solidifying the team that will manage the economy through recovery and achieve the longer-term goals of the bank.”
The veteran executive has been with the BoC for around two decades now, and was appointed to the senior deputy post in 2014.
Wilkins’s departure will also coincide with the bank’s final rate announcement for 2020.
Macklem said that Wilkins was instrumental to the bank’s research efforts, diversity initiatives, and digital expansion.
“Carolyn has provided exceptional leadership as an economic policymaker these past six and a half years,” Macklem said. “While she will be sorely missed, her many contributions will be felt by all of us for many years to come.”
The bank said that it has already begun the process of searching for Wilkins’s replacement, starting with an online public ad for the position.
