May 26, 2006 Burlington, ON – On behalf of the board of directors of The CUMIS Group Limited, Chris Catliff, chair, is pleased to announce the appointment of Kenneth W. Lalonde as president and chief executive officer for the CUMIS Group of Companies, and venture manager of the Credit Union Insurance Services (CUIS) program, effective June 5, 2006.
Mr. Lalonde has extensive experience as an executive in the financial services industry. In his most recent role, Mr. Lalonde held the position of executive vice president of branch and small business banking at CIBC where he was responsible for more than 14,000 employees working within the bank’s 1100 branches was well as being accountable for the automated banking machine distribution channel. He was also president and chief executive officer of CIBC Insurance Company Management Ltd.
Prior to joining CIBC, Mr. Lalonde spent 10 years in the consumer packaged goods industry working with Shulton Inc. and Beecham Canada Inc. in various senior leadership roles.
“I am delighted to welcome Kenn to CUMIS,” said Mr. Catliff. “He has a strong alignment with CUMIS values and has a proven track record of serving client needs and achieving significant financial results. In addition, his strong combination of sales, marketing and operations expertise will accelerate the momentum of the CUMIS Group in partnering and serving the needs of the credit union system.”
“CUMIS is a highly respected organization with an exciting future and I am thrilled to have this opportunity,” said Mr. Lalonde. “Our continued success will be built upon delivering superior value to our customers through high quality products and services.”
Mr. Lalonde is a board director of the Toronto International Film Festival Group and is past chair and director of the advisory board for Ontario Institute for Studies in Education at the University of Toronto. Kenn has also dedicated his time to a number of other charitable organizations including working with the Calgary Women’s Emergency Shelter and serving as cabinet industry lead for the United Way of Calgary.
The CUMIS Group markets a diverse portfolio of insurance and financial products and other services to Canadian credit unions, caisses populaires, other financial co-operatives, independent insurance brokerages, and their members. Its principal companies are CUMIS Life Insurance Company, CUMIS General Insurance Company, and Canadian Northern Shield Insurance Company. The CUMIS Group Limited is a partner in the Credit Union Insurance Services (CUIS) program, a joint marketing venture between The CUMIS Group Limited and The Co-operators. The CUMIS Group Limited and The Co-operators jointly own CUIS Brokerage Services Limited. The CUMIS Group Limited also holds a 50 percent interest in Credential Financial Inc. For more information visit www.cumis.com