Changes at helm for ICBC

Insurance Corporation of British Columbia (ICBC) today announced a leadership change.

The insurer says David Wong will leave ICBC for a new opportunity as the CEO of Powerex Corp, a wholly owned subsidiary of BC Hydro and one of the longest operating electricity marketing firms in the West.

Wong’s last day with ICBC will be May 30th.

In a press release, ICBC’s board of directors announced Jason McDaniel (pictured) will be the insurer’s interim president and CEO effective Jun. 1, 2025.

McDaniel is currently ICBC’s vice president of operations. He joined ICBC in 2006 and has held several leadership roles, including chief legal officer and corporate secretary, where he played a pivotal role in shifting B.C.’s auto insurance system from a legal-based model to Enhanced Care.

Wong’s departure

In its press release, ICBC thanked Wong for his service over the past two years.

Prior to joining ICBC, he held several roles at BC Hydro, most recently as executive vice president for finance, technology, supply chain and chief financial officer.

Wong has also held senior financial roles at Teekay Corporation, including CFO of Teekay Offshore Partners Ltd. Further, he’s been a member of Vancity Credit Union’s board of directors as the audit committee chair.