IBI Group has appointed Michael Nobrega as the new chair of its board of directors.

The company made the announcement on January 21.

Nobrega has served on the board of the global design and technology firm for three years, and replaces Dale Richmond, who retired from the board with immediate effect. Richmond had served as chair of the company’s board since 2014.

“On behalf of the board, senior management, and other stakeholders of the firm, I would like to thank Mr. Richmond for his dedicated years of service and strategic counsel,” said CEO Scott Stewart. “We are pleased to welcome Mr. Nobrega into his new role as board chair and look forward to working closely with him, and the other members of the board, to achieve the goals and objectives of the firm over the coming years

In addition to his new role, Nobrega also sits on the Board of Toronto Hydro. He formerly held titles as chair of the Ontario Centre of Innovation, interim president and CEO of Waterfront Toronto, president and CEO of OMERS, and president and CEO of Borealis Infrastructure.

Nobrega holds an Honours BA in Economics and Mathematics from the University of Toronto, and is a Fellow of the Chartered Professional Accountants of Ontario.

“IBI Group’s board is diverse and talented, with members who have a wealth of knowledge and experience,” said Richmond. “My retirement as chair provides the firm with an opportunity to further evolve the talent, diversity and experience of its board of directors, under the stewardship of my accomplished peer, Michael Nobrega, and the capable leadership of CEO Scott Stewart, CFO Stephen Taylor, President David Thom, and a host of talented young executives in each of the firm’s business segments.”

IBI is currently undergoing a search to replace Nobrega’s now-vacant position on its board of directors.