Chair of the Board’s Message

TD’s performance and strategic progress in 2022 reflect the strength of our businesses and the commitment of our colleagues

Supported by ongoing investments in technology, talent and new capabilities, TD continued to grow in 2022. TD colleagues offered trusted advice and legendary experiences, helping millions of households and businesses advance their financial goals in a rapidly changing economic environment.

The Bank also supported the communities in which we operate. Through the TD Ready Commitment, we contributed more than $147 million in 2022 to help build a more inclusive and sustainable future. In addition, the interim financed emissions targets announced this year further advanced the goals of the Climate Action Plan announced in 2020.

TD’s 2022 reported earnings of $17.4 billion supported these important investments, while delivering an increase in our common share dividend to shareholders. Our strong performance and capital position also provided the Bank with the means with which to announce important strategic acquisitions to strengthen our businesses in the United States. Once closed, First Horizon will add significant scale and open new opportunities for growth in the U.S. Southeast, and Cowen will further expand TD Securities’ capabilities and accelerate the expansion of an integrated North American Dealer with global reach. We look forward to welcoming them to TD.

These achievements are the direct result of the hard work of our dedicated TD colleagues. They demonstrated tremendous resilience during the pandemic and delivered consistent outcomes and strategic progress throughout the past year. They continue to live our purpose – to enrich the lives of customers, communities and colleagues.

TD enters the new fiscal year in a position of strength. The Board of Directors would like to recognize our Group President and CEO for his continued stewardship of the Bank, the Senior Executive Team for their exceptional leadership, and all TD colleagues for their commitment to the Bank and to the millions we serve.

The Board extends its thanks to our customers for the opportunity to serve them, and to our shareholders for their ongoing confidence in the Bank. We will continue to work hard, every day, to earn your trust and support.

Brian M. Levitt
Chair of the Board


The Board of Directors as of December 1, 2022 is listed below. A full list of its committees and key committees’ responsibilities can be found on page 16. Our Proxy Circular for the 2023 Annual Meeting will set out the director candidates proposed for election at the meeting, as well as additional information about each candidate, including education, other public board memberships, areas of expertise, TD Committee membership, stock ownership, and attendance at Board and Committee meetings.

  • Cherie L. Brant
    Partner, Borden Ladner Gervais LLP, Tyendinaga Mohawk Territory, Ontario

    Amy W. Brinkley
    Consultant, AWB Consulting, LLC, Charlotte, North Carolina

    Brian C. Ferguson
    Corporate Director, and former President and Chief Executive Officer, Cenovus Energy Inc., Calgary, Alberta

    Colleen A. Goggins
    Corporate Director, and retired Worldwide Chairman, Consumer Group, Johnson & Johnson, Princeton, New Jersey

    Jean-René Halde
    Corporate Director, and retired President and Chief Executive Officer, Business Development Bank of Canada, Saint-Laurent, Québec

  • David E. Kepler
    Corporate Director, and retired Executive Vice President, The Dow Chemical Company, Sanford, Michigan

    Brian M. Levitt
    Board Chair, The Toronto-Dominion Bank, Kingston, Ontario

    Alan N. MacGibbon
    Corporate Director, and retired Managing Partner and Chief Executive, Deloitte LLP (Canada), Mississauga, Ontario

    Karen E. Maidment
    Corporate Director, and former Chief Financial and Administrative Officer, BMO Financial Group, Cambridge, Ontario

    Bharat B. Masrani
    Group President and Chief Executive Officer, The Toronto-Dominion Bank, Toronto, Ontario

    Nadir H. Mohamed
    Corporate Director, and former President and Chief Executive Officer, Rogers Communications Inc., Toronto, Ontario

  • Claude Mongeau
    Corporate Director, and former President and Chief Executive Officer, Canadian National Railway Company, Montreal, Québec

    S. Jane Rowe
    Vice Chair, Investments, Ontario Teachers’ Pension Plan Board, Toronto, Ontario

    Nancy G. Tower
    Former President and Chief Executive Officer, Tampa Electric Company, Halifax, Nova Scotia

    Ajay K. Virmani
    Chief Executive Officer, Cargojet Inc., Oakville, Ontario

    Mary A. Winston
    Corporate Director and former public-company Chief Financial Officer, Charlotte, North Carolina