TELUS has completed a leadership transition, with Victor Dodig taking over as president and chief executive officer. The change follows Darren Entwistle’s tenure, which spanned more than 25 years. Dodig officially steps into the top role on Wednesday, succeeding Entwistle, according to reporting from both outlets.

Before joining TELUS, Dodig previously served as chief executive of CIBC, stepping down from that position last year after more than a decade leading the bank. He was not previously identified in the available excerpts as having held senior telecom roles, but he is described as moving from the financial sector into TELUS’s executive leadership.

The sources characterize the move as a major executive handover for one of Canada’s largest telecommunications companies, emphasizing the length of Entwistle’s time in charge and the breadth of Dodig’s prior leadership experience in banking. Both accounts agree on the timing of the CEO transition and the identities of the outgoing and incoming executives.