ICBC names new president and CEO

The Insurance Corporation of British Columbia (ICBC) named a new president and CEO Friday.

David Wong is best known for his previous role as Chief Financial Officer of BC Hydro, as well as serving on the boards of BCAA and VanCity.

B.C Minister of Public Safety and Solicitor General, Mike Farnworth applauded the “leadership and experience” Wong brings to the table when commenting on the announcement.

“David joins ICBC as Enhanced Care passes its second anniversary in a strong financial position, with rates remaining stable for another two years. I look forward to our first meeting and wish David all the best in his new role.”

Farnworth adds the insurance organization will be in a good spot with Wong moving forward.

“The leadership and experience David brings leaves ICBC in good hands as ICBC continues down the path of providing affordable rates and improving customer experience,” he said.

Wong replaces Nicolas Jimenez, who stepped down in January to head up BC Ferries, and is set to assume his duties May. 15.

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