Bank of Montreal announced the election of Madhu Ranganathan and Stephen Dent to BMO's board of directors following its Annual Meeting of Shareholders.

"We are pleased to welcome Steve and Madhu to the Board of Directors," said George Cope, Chair of the Board, BMO. "Their knowledge and experience will be an excellent complement to the talented group of individuals serving on our Board."

Madhu Ranganathan is the Executive Vice President and Chief Financial Officer at OpenText.  She brings more than 30 years of financial leadership experience, with an innovative Silicon Valley technology driven background with deep operational focus in software, hardware and tech-enabled services businesses.

Prior to joining OpenText in 2018, she spent 10 years as the Chief Financial Officer of [24]7.ai, a global customer experience software and services company. Throughout her career she has served in various roles with innovative technology companies, and major accounting and financial services firms.

Ms. Ranganathan currently serves as a Board Member & Audit Committee Chair for Akamai Technologies.  She is a member of the Institute of Chartered Accountants, India and a Member of the American Institute of Certified Public Accountants.  She holds an MBA from the University of Massachusetts and a BS Accounting from the University of Madras.

Stephen Dent is a Managing Director and co-founder of Birch Hill Equity Partners, a Toronto-based private equity firm. Mr. Dent has over 30 years of experience in private equity and deep expertise in capital allocation, strategic planning, accounting and finance.

Prior to his current role, he spent 15 years at a major Canadian chartered bank culminating in a senior role leading the Canadian private equity division of the bank.

He is a Member of the Business Council of Canada. He is involved in the founding and ongoing support of Our Children's Medicine; an organization promoting Indigenous employment with leading Canadian companies. He is also involved in the founding and ongoing support of the Birch Hill Scholarship Program; supporting business school education for Indigenous youth. He holds a BBA from Wilfred Laurier University and an MBA from the Ivey School of Business at Western University.