Former ICBC CEO returns as Board of Directors chair
VICTORIA (NEWS1130) – Paul Taylor is back with ICBC, four years after he stepped down as president and CEO during the chop shop scandal.
He will take over as chair of the Board of Directors.
Taylor quit in 2008 after ICBC sold 98 written off cars without letting the buyers know about their crash history.
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ICBC offered to buy the cars back, or at least inspect and certify them for people who wanted to keep them on the road.
“This is a serious matter and we have taken immediate steps to correct the situation, including making things right with customers who purchased these vehicles,” Taylor said at the time.
Taylor has asked not be paid for his new role, but will be covered for expenses.
He expects to hold the position for 12 to 18 months.
Taylor was former Premier Gordon Campbell’s chief of staff and also served as BC’s deputy minister of Finance.
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He is replacing Nancy McKinstry, who stepped down in January.
