TD Bank Group announced that Raymond Chun, currently Chief Operating Officer, will be appointed as Chief Executive Officer (CEO) on February 1, 2025, accelerating the previously announced transition date of April 10, 2025. Upon Mr. Chun's appointment, Bharat Masrani will retire as CEO. Mr. Masrani will remain available to the Bank in an advisory capacity until July 31, 2025; during the transition, he will provide continuity on the Bank's critical Anti-Money Laundering (AML) remediation effort.