Royal Bank of Canada announced that Jacynthe Côté will be appointed as Chair of the Board, effective upon her re-election as an independent director at RBC's meeting of shareholders on April 5, 2023. Ms. Côté will succeed Kathleen (Katie) Taylor, who has served as Board Chair since 2014. Ms. Taylor will retire from the Board following Ms. Côté's appointment as part of an orderly succession.

Ms. Côté, an independent Director of RBC since 2014, has served on the Audit, Governance and Risk Committees during her tenure, and has been Chair of the Governance Committee since 2018. She is currently Chair of the Board for Hydro-Québec and will complete her term in May 2023 as she assumes the role of RBC's Chair. Over the span of her extensive career, Ms. Côté has served as President & CEO of Rio Tinto Alcan, and as President & CEO of Rio Tinto Alcan's Primary Metal business group.

She has also held senior executive positions across human resources, environment, health and safety, business development and production in both Quebec and England. Ms. Côté is also a member of the Board of Directors for Finning International Inc. and Transcontinental Inc. An active member of the community, Ms. Côté serves as Chair of the Board of Allôprof, an organization that offers free educational assistance to students in Quebec.