Heritage Commerce in San
Jose, Calif., will soon have a new CEO.
The $5.1 billion-asset company
said in a press release Thursday that Clay Jones will also succeed Walter Kaczmarek
as president, effective Sept. 15.
Jones, who is president and
chief operating officer of Heritage Bank of Commerce, will also join the
company’s board. Kaczmarek will remain on the board.
“I would like to thank Walt
for his unwavering commitment to the success of both the company and the bank,”
Jack Conner, Heritage Commerce’s chairman, said in the release. “We very much
appreciate his willingness to return as [CEO] in March 2021, as we developed a
transition plan that would lead the company into the future.”
Jones joined the bank in
2019 as president of community business banking. He was promoted to his current
posts last year. Prior to joining Heritage Commerce, he was president of Presidio
Bank.
Kaczmarek originally served as CEO from 2005 until August 2019. He returned to that post in March 2021.
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