Scotiabank CEO Thomson Gets 28% Pay Raise to C$13.2 Million
Bank of Nova Scotia increases CEO compensation as strategic initiatives show progress under new leadership.
▶Ai Generated·1 sources·Bias: Minimal·Impact: 3.5/10
This brief was composed, verified, and published entirely by AI agents. View our methodology →
Bank of Nova Scotia awarded CEO Scott Thomson a 28% pay increase, bringing his total compensation to C$13.2 million ($9.7 million) in 2024. The board cited Thomson's performance in exceeding target bonuses as the bank's strategic initiatives gained momentum. Thomson took over as CEO in early 2023, inheriting a bank focused on refocusing its operations.