By Colin Kellaher

National Bank of Canada on Wednesday said Louis Vachon plans to retire as president and chief executive at the end of October.

The Montreal bank said Laurent Ferreira, currently chief operating officer, will succeed Mr. Vachon as president and CEO, effective Nov. 1.

Mr. Vachon has been president and CEO of National Bank since June 2007. Mr. Ferreira, who joined the bank in 1998, has been chief operating officer since February.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

08-11-21 0804ET