Changing of the guard: New CEOs at banks, credit unions

Chief executives at banks and credit unions of all sizes are handing control to successors who have worked their way up in those institutions or have been imported from others to bring a fresh perspective.

Gone from the executive ranks are, or soon will be, familiar faces like Kelly King at Truist Financial, Steven Bradshaw at BOK Financial and Mark Schroeder at German American Bancorp.

King’s successor, Bill Rogers, will undoubtedly be the most closely watched because Truist is the seventh-largest banking company in the country and it’s a succession that had been preordained since their former companies merged to establish Truist two years ago.

But the other transitions will be followed by investors and industry observers to see whether the new leaders can build on their predecessors’ accomplishments, maneuver their companies through still dicey economic times and ready their institutions for the technological and competitive changes ahead.

Some of the new leaders are established insiders like Stacy Kymes at BOK and Neil Dauby at German American. Others are recruits of recent years from larger companies, such as Brett Pharr at Meta Financial Group and Logan Pichel at Republic Bank & Trust.

Also notable are Jim Hayes, who is making the jump from a much smaller credit union to lead the second largest in the country, and Katie Lorenson, a chief financial officer at three banking companies who will take over for Randy Newman after his run of more than a quarter century at Alerus Financial in North Dakota.

The following are nine new, or soon-to-be, leaders of banks and credit unions announced in recent months.

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