Washington Federal Announces Board Succession Plan Update
March 26 2018 - 8:03PM
Business Wire
Washington Federal, Inc. (NASDAQ: WAFD) today announced a
further step in its succession plan by appointing Thomas J. Kelley
as Vice Chairman of the Board of Directors. Mr. Kelley currently
serves on the Board as Lead Independent Director, Chair of the
Audit Committee and as a member of the Executive Committee and the
Nominating & Governance Committee. He has been a member of the
Board of Directors since 2005.
In conjunction with Mr. Kelley’s appointment, the current title
of Executive Chairman Roy M. Whitehead, who retired after 17 years
as Chief Executive Officer on April 1, 2017, will change to
Chairman of the Board as planned. It is anticipated that Mr. Kelley
will succeed to the Chairman’s role when Mr. Whitehead fully
retires on December 31, 2018 as previously announced.
“Tom Kelley has been a staunch protector of shareholder
interests and a trusted advisor to management since becoming a
director in 2005,” said Chairman Whitehead. “Always prepared and
fully engaged, he has the respect of all who’ve worked with him.
Investors in Washington Federal are most fortunate that he is
willing to apply his considerable expertise to Board
leadership.”
Mr. Kelley’s career has been spent largely in public accounting,
centered on audit and consulting engagements with financial
services firms. From 1997 to 2002, he was a Managing Partner of
Arthur Andersen, overseeing nine offices in eastern Europe.
After retiring from public accounting, he taught in the Department
of Accounting at Seattle University from 2002 to 2012.
Washington Federal, Inc. is the parent company of Washington
Federal N.A., a national bank that provides consumer and commercial
deposit accounts, financing for small to middle market businesses,
commercial and residential real estate, including consumer
mortgages, home equity lines of credit and insurance products
through a subsidiary. Established in 1917, the company operates 237
branches in Washington, Oregon, Idaho, Utah, Arizona, Texas, Nevada
and New Mexico. It has been publicly traded since 1982.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180326006184/en/
Washington Federal, Inc.Brad Goode,
206-626-8178Brad.Goode@wafd.com
WaFd (NASDAQ:WAFD)
Historical Stock Chart
From Mar 2024 to Apr 2024
WaFd (NASDAQ:WAFD)
Historical Stock Chart
From Apr 2023 to Apr 2024