Decision-making and leadership make an executive stand out, and it’s no different with Geri Prior, chief financial officer for the Insurance Corporation of British Columbia (ICBC).
Prior is responsible for all financial management functions, including corporate reporting, investments, actuarial services, audit and risk management, and corporate services such as facilities management and procurement. As CFO, she oversees approximately 420 staff and manages a divisional budget of $85 million.
When she joined ICBC in 1987, she worked in internal auditing before leading teams in change management, cost containment and planning. She built the corporate project management practice in the mid-1990s and became CFO in 2000. She also served as interim president and CEO of ICBC in 2008.
“As she has grown with the company, Geri has demonstrated a capacity to adapt the organization to change and enhance its performance,” said Jon Schubert, ICBC president and CEO. “Today, she is recognized as a candidate for succession of the CEO.
“Geri introduced a strong focus on managing operating costs, which have been held at the rate of inflation and remain below the industry average.”
Prior has received recognition for both her professional and her community achievements, most recently being named a fellow of the Institute of Chartered Accountants of BC and being given the Deloitte Alumni Award for leadership. •
