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President and CEO of ICBC moving on to lead Central 1

December 7, 2017

ICBC's Board of Directors is announcing today that president and CEO, Mark Blucher, is leaving ICBC effective December 29, 2017, to become the president and CEO of Central 1 Credit Union.

Mr. Blucher has been with ICBC since 2010 when he joined as the senior vice president of insurance. He was appointed president and CEO in 2012.

Prior to ICBC, Blucher worked extensively in insurance and financial services including a number of senior executive positions in New Zealand and Australia.

"ICBC's loss is Central 1's gain," said ICBC Board Chair, Joy MacPhail. "We will miss Mark's extensive expertise and leadership but this is a great career opportunity for him. I am particularly pleased he has decided to stay in the province and continue to contribute his expertise here in British Columbia."

"ICBC's Board and senior management are fully committed to working with government to make both basic rates affordable and ICBC sustainable in the long run," said MacPhail. "Mark has been a consistent champion of ICBC, customer service and rate affordability, and we will continue to pursue those principles."

An interim CEO will be appointed shortly and ICBC's Board of Directors will launch an external search for a permanent replacement.

December 15 update: ICBC appointed VP of Insurance, Nicolas Jimenez, as interim CEO.

Media contact

Adam Grossman
604-982-1322