Michel Lauzon, executive vice president and chief financial officer (CFO) of Montreal-based Laurentian Bank of Canada, will retire on Aug. 1, 2015.

Réjean Robitaille, the firm’s president and CEO, extended his gratitude to Lauzon for his time at Laurentian Bank in the firm’s announcement regarding his retirement.

“[Lauzon’s] support of the organization’s efforts to solidify its foundations was most strategic in this period of growth and profitability enhancement, at a time when we were seeing one of the greatest financial crises and increasingly demanding regulatory requirements,” said Robitaille. “I would also like to salute Michel’s rigour and high level of integrity. His retirement is certainly well-deserved, and I hope that he will enjoy it to the fullest.”

Lauzon has spent the majority of his career in the financial services and banking sector. He joined Laurentian Bank in 1988, where he held different positions in the areas of product management and treasury over 10 years. Lauzon returned to Laurentian Bank in 2009 as executive vice president and CFO.

Lauzon’s successor will be announced in the coming months to provide a period of transition. The selection process will be conducted internally and externally in accordance with the bank’s succession plan.