Home Capital Group Inc. announced that Alan Hibben has been appointed to the Board of Directors effective May 5, 2017, replacing Gerald Soloway, the Founder of the Company, who had previously announced his pending retirement. Mr. Hibben is an experienced director and financial executive. During his career, he has served as an independent financial advisor to clients including the Ontario government; as head of strategy at Royal Bank of Canada; as a managing director of mergers and acquisitions at RBC; and as president of a trust company that faced a difficult restructuring and eventual sale after previous management had been relieved. Mr. Hibben will be appointed to the Board effective May 5, 2017 and will stand for election at the company's upcoming Annual Meeting, which will be held next month in Toronto. Mr. Gerald Soloway had indicated last month that he felt it was in the best interest of the company if he stepped down from the Board upon the appointment of a replacement. As a result, Mr. Soloway will resign from the Board effective May 5, 2017 and not stand for re-election. Mr. Hibben currently provides financing and strategic advice and expert witness services through his advisory and investment company, Shakerhill Partners Ltd. Since December 2014, he has been an advisor to the Province of Ontario on a number of files, including the Companies' Creditors Arrangement Act (CCAA) processes for Stelco and Algoma Steel. He is also a director of HudBay Minerals Inc., Extendicare Inc. and the Mount Sinai Hospital Foundation.