ICBC announced today that their president and CEO, Nicolas Jimenez is leaving the insurance game after two decades for the transportation business.
Effective February 3rd, Jimenez will no longer be the man in charge of ICBC but instead he’ll become the president and CEO of BC Ferries.
“It is a day of mixed emotions to be saying goodbye to Nicolas after almost a 20-year career with ICBC,” said ICBC board chair Catherine Holt.
“We look back on his contributions to ICBC with admiration and appreciation, especially for his years as president and CEO and the remarkable transformation he and his leadership team led for BC’s public auto insurer.”
“Under Nicolas’ leadership, ICBC has overcome significant challenges to deliver one of the most affordable and care-based insurance models in Canada. He has also developed a supportive and collaborative culture, which will help ensure ICBC has a stable but innovative future.”
“While Nicolas’ departure is a loss for ICBC, we are delighted to see him moving on to BC Ferries, where he will be leading another important public service and great organization with a rich history. We wish him nothing but success in his new role.”
Jimenez had been with ICBC since 2003 and worked his way through several senior roles with the company before becoming CEO in 2018.
BC Ferries followed up ICBC’s news by announcing that Jimenez will be taking over for them on March 6th.
“Nicolas Jimenez is the right leader at the right time for BC Ferries,” said BC Ferries board chair Joy MacPhail.
“He is a change leader with a proven track record of success. He is customer focused with a deep commitment to financial accountability and rate affordability.”
Jill Sharland, who has been acting as interim CEO for BC Ferries will be stepping down back into her permanent role as Vice President and CFO with BC Ferries.
ICBC’s board of directors has appointed their CFO, Phil Leong, as interim president and CEO. The board says they are currently in the search process for finding a new permanent president and CEO.