Evan Siddall, the president and chief executive officer of the Canada Mortgage and Housing Corp., announced his departure Tuesday to staff, ending a career at the country’s largest mortgage insurer that was often at odds with the housing industry.
“It is most important to tell you that I have decided not to seek a renewal of my term as CEO,” Siddall wrote. “Later this year, the board and government will announce their choice of a new president to lead our continued efforts. I will devote all of my energy to promoting an easy leadership transition.”
Others, such as the Canadian Real Estate Association and Mortgage Professionals Canada, are more likely to be happy to see the back of Siddall and how he criticized them on social media, in front of government panels and with the media. Siddall came from outside the housing industry as an investment banker at Goldman Sachs Group Inc. and Lazard Ltd., with stints at Irving Oil Ltd. and as an adviser on financial regulations at the Bank of Canada.
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