Symcor names Holger Kormann as new CEO and president

Ellie Duncan
10 Jan 2024

Canadian business solutions provider Symcor, together with its board of directors, has appointed Holger Kormann as president and chief executive officer, succeeding Chameli Naraine as she prepares to retire.

Outgoing president and chief executive officer Naraine will continue as strategic advisor at Symcor, until her retirement in January 2025.

Kormann joins Symcor from ADP Canada, where he served as president for eight years, with responsibility for positioning the company as the “partner of choice” in human resources technology and outsourcing markets.

“I am honoured to lead Symcor and bolster the company’s growth trajectory by enabling secure data exchanges in support of our clients’ digital transformation,” he said.

Holger Kormann, chief executive officer and president of Symcor

“Together with Symcor’s outstanding team, I am focused on building upon the solid foundation left by Chameli and navigating the evolving market landscape to ensure that Symcor remains at the forefront of delivering innovative solutions with an unwavering commitment to service excellence, security and trust.”

Naraine, who joined Symcor in 2008 and assumed the role of president and chief executive officer in 2011, said it was important to appoint a successor who would “seamlessly integrate into our culture and champion Symcor’s mission of becoming Canada’s most trusted B2B solutions provider”.

“I am confident that under Holger’s leadership, we will achieve continued success and reach new heights,” she added.

Mike French, chair of Symcor’s board of directors, said: “Chameli has transformed Symcor into a critical component of the Canadian financial services sector and a key partner for all our clients. On behalf of the board, I thank Chameli for her tremendous impact and achievements.”

Canada is gearing up for consumer-driven banking, following Deputy Prime Minister and Finance Minister Chrystia Freeland’s Fall Economic Statement in November last year, in which she committed to implementing “the necessary governance framework by 2025”.