The Liberal government has appointed Michael Sabia to the deputy minister role at the Department of Finance.
Sabia, the former chief executive of the Caisse de dépôt et placement du Québec who currently chairs the Canada Infrastructure Bank, is replacing Paul Rochon as the top civil servant at the federal department.
Rochon announced his departure last week, the day after the Liberals released their fall economic statement. He had been deputy minister at finance since 2014.
The change is the latest shakeup at the department after former minister Bill Morneau left his role in August and was replaced by Chrystia Freeland.
In addition to Sabia’s position with the Canada Infrastructure Bank, the former BCE Inc. CEO was advising Prime Minister Justin Trudeau in the summer regarding the Liberals’ economic recovery plan from the Covid-19 pandemic.
Rochon will move to a role at the Privy Council Office.