From the article:
Mr. Lane's appointment, which resulted from an open search process, fills the vacancy created by the departure of Sheryl Kennedy.
The Bank's governing council is composed of the Governor (Mark Carney), one Sr. Deputy Governor (Paul Jenkins), and four Deputy Governors (Pierre Duguay, David Longworth, John Murray, Timothy Lane). Only the Governor and Sr. Deputy Governor sign banknotes.
While Mr. Lane may one day be appointed to the role of Sr. Deputy Governor and/or Governor, he does not presently hold either of those roles nor is he slated for them at this time.
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