The $12.3 billion-asset company
said in a Wednesday press release that Bill Dunlaevy retired from the board over
the weekend. David Brunelle succeeded Dunlaevy as chairman as “part of a
preestablished succession plan,” Berkshire said.
Brunelle, co-founder and
managing director or North Pointe Wealth Management, had been vice chairman and
chaired the audit committee. He joined the board in 2017.
Berkshire also said that
Jeffrey Kip, CEO of Angi International, had joined the board. Kip, a former
chief financial officer at Panera Bread, was appointed to the audit and
compensation committees.
“It has been an honor to
lead the … board over the last two years, working closely with the board and
management team to improve our performance and affirm our commitment to
purpose-driven, community-dedicated banking,” Dunlaevy said in the release.
The board changes come a day after Berkshire announced plans to sell
its insurance business. The sale is part of a
broader strategy by Berkshire to improve investor returns over the next
three years.
No comments:
Post a Comment