President and CEO of ICBC departs for BC Ferries

January 17, 2023

ICBC's Board of Directors is announcing that president and CEO, Nicolas Jimenez, is leaving ICBC effective end of day February 3, 2023, to become the president and CEO of BC Ferries.

“It is a day of mixed emotions to be saying goodbye to Nicolas after almost a 20-year career with ICBC," said ICBC board chair Catherine Holt. "We look back on his contributions to ICBC with admiration and appreciation, especially for his years as president and CEO and the remarkable transformation he and his leadership team led for B.C.'s public auto insurer.

“Under Nicolas' leadership, ICBC has overcome significant challenges to deliver one of the most affordable and care-based insurance models in Canada. He has also developed a supportive and collaborative culture, which will help ensure ICBC has a stable but innovative future.

“While Nicolas' departure i​s a loss for ICBC, we are delighted to see him moving on to BC Ferries, where he will be leading another important public service and great organization with a rich history. We wish him nothing but success in his new role."​

Nicolas joined ICBC in 2003 and worked in a variety of senior roles in insurance, corporate development, driver licensing and road safety, prior to being named president and CEO in July 2018. Before joining ICBC, Nicolas worked in strategy and public sector management, which included roles in the Parliament of Canada, the Privy Council Office (Government of Canada), BC Hydro and IBM.

The ICBC board has appointed chief financial officer, Phil Leong, as interim president and CEO. Phil has been with ICBC since 2008, working in progressive leadership roles within the finance division. Phil was recently named as Business in Vancouver's CFO of the year at its 2022 C-Suite Awards.

​The ICBC board of directors will be conducting a process to identify a permanent president and CEO.