Sandy Spring Bancorp, Inc. President and CEO Daniel J. Schrider to Add Chair Role
December 15 2022 - 8:18AM
Sandy Spring Bancorp, Inc. (Nasdaq – SASR), the parent company of
Sandy Spring Bank, announced today that its Board of Directors has
elected President and CEO, Daniel J. Schrider, to the role of Board
Chair, effective January 1, 2023. Schrider has served as a director
since 2009. The Board of Directors has also elected current Board
Chair, Robert L. Orndorff, as Lead Independent Director.
“Dan’s leadership, insight and passion for the client experience
has set a solid foundation for the continuing success of the
Company,” said Mr. Orndorff. “Combining the Chair and CEO roles at
this time supports clear accountability, effective decision-making
and execution of corporate strategy. I look forward to continuing
to work together on behalf of our clients, employees and
shareholders.”
Orndorff has served as Board Chair since 2010 and as a director
since 1991. He is the founder and President of RLO Contractors,
Inc., a leading residential and commercial excavating company based
in central Maryland.
“For over 30 years, Bob has been a steadfast and committed
leader for the Company and for me personally. I am grateful for his
continued contributions and look forward to working with him in
this new capacity,” said Mr. Schrider.
Concurrent with the appointments, the Board approved updated
Corporate Governance Guidelines. Among other things, these
Guidelines define the responsibilities of the Lead Independent
Director.
About Sandy Spring Bancorp, Inc.Sandy Spring
Bancorp, Inc., headquartered in Olney, Maryland, is the holding
company for Sandy Spring Bank, a premier community bank in the
Greater Washington, D.C. region. With over 50 locations,
the bank offers a broad range
of commercial and retail
banking, mortgage, private banking,
and trust services throughout Maryland, Virginia, and
Washington, D.C. Through its subsidiaries, Rembert Pendleton
Jackson, and West Financial Services, Inc., Sandy Spring Bank
also offers a comprehensive menu of wealth management
services.
For more information, contact Jen Schell
at jschell@sandyspringbank.com or 301.570.8331.
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