Derek Sutherland

DEREK G. SUTHERLAND, CPA, CA

Toronto, Ontario, Canada

Director since  May 2017

Mr. Sutherland was appointed as Chair of the Board in February 2020 and appointed as Interim CEO of the Corporation in November 2024.  On March 17, 2025, the Corporation announced  that  Mr.  Sutherland  would  be  appointed  as  MCAN’s  President  and  Chief Executive Officer effective as of April 1, 2025.  In connection with his appointment, MCAN also announced that Mr. Sutherland would resign as Chair of the Board effective as of April 1,  2025,  but  will  remain  as  a  director  of  the  Corporation.

He joined MCAN in 2004 and was promoted to Vice President and Chief Risk Officer (CRO) in January 2013 where he was responsible for oversight of all relevant risks across MCAN. He held this role until 2016 and in 2017 was elected to the Board.  Before being named as CRO,  Mr.  Sutherland  held  roles  at  MCAN  where  he  was  at  times  responsible  for  or  was actively  involved  with  term  deposits,  liquidity  management,  outsourcing,  portfolio management,  mortgage  fundings,  investment  management,  compliance  and  anti-money laundering.

Mr. Sutherland holds the professional independent director designation (ICD.D) from the Institute of Corporate Directors.