Louis Vachon, National Bank of Canada president and CEO, has been named Canada’s CEO of the Year by Canadian Business magazine.

This distinction recognizes Vachon’s achievements as leader of one of the country’s largest companies, and spotlights his major contribution to the business community and to Canada’s economic and social development.

The magazine selects the CEO of the Year based on the recommendations of an advisory panel made up of Canada’s most respected business leaders, as well as the performance of the CEO’s company.

“National Bank’s excellent results reflect its strong leadership and the sustained engagement of its employees, year after year. The bank is well placed to further its growth and to continue proactively meeting its clients’ needs. I would like to congratulate Louis Vachon on this well-deserved recognition as Canada’s CEO of the Year,” said Jean Houde, chairman of National Bank’s board of directors.

With $199 billion in assets, National Bank (TSX.NA), together with its subsidiaries, has more than 20,000 employees.