Park National Corporation names Matthew R. Miller Chief Executive Officer; David L. Trautman to continue as Board Chair

Rhea-AI Summary

Park National Corporation (NYSE American: PRK) has announced a significant leadership transition, naming Matthew R. Miller as its new Chief Executive Officer, effective January 1, 2026. Miller, who will retain his position as president, succeeds David L. Trautman, who will continue serving as Chair of the Board.

The appointment follows a thorough evaluation by Park's board of directors, who approved Miller's appointment in their July 28 session. Miller has served as Park's president since 2019, while Trautman has held various leadership roles at Park for 42 years, including President (2005-2019), CEO (since 2014), and Board Chair (since 2019).

Positive

• Planned and orderly CEO succession ensuring leadership continuity
• New CEO Matthew Miller has proven track record as President since 2019
• Retention of David Trautman as Board Chair maintains institutional knowledge

Negative

• None.

NEWARK, Ohio, July 29, 2025 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE American: PRK) has named Matthew R. Miller Chief Executive Officer of Park National Corporation and Park National Bank effective January 1, 2026. Miller will retain his title as president. David L. Trautman will continue to serve as Chair of the Board.

“I have worked closely with Matt for the past 10 years,” said Trautman. “I have witnessed his commitment to our community, his passion for service and his dedication to making this place the best it can be. He has proven to the board, to our colleagues and to me that it is time for the final authority to rest with him.”

As part of its succession planning, Park’s board of directors conducted a thorough evaluation before proposing Miller as the organization’s next CEO. The board voted to approve his appointment in its July 28 session. The transition reflects the board’s commitment to strong governance and leadership continuity.

“Mr. Miller’s appointment continues Park’s pattern of successful leadership transitions established by Everett D. Reese, John W. Alford, William T. McConnell and C. Daniel DeLawder over the last 65 years,” said Park Lead Director Lee Zazworsky. He continued, “Matt has led increasingly important strategic and tactical initiatives and is well-suited to lead our organization in the future.”

Miller has served as Park’s president since 2019. Trautman has served in various leadership roles at Park for 42 years, including President from 2005 through 2019, CEO since 2014 and Board Chair since 2019. Under their combined leadership, Park has grown to reach more customers and communities by empowering bankers to deliver on Park’s promise of providing exceptional service with empathy and integrity.

Miller expressed his appreciation for the board’s confidence, stating, “I’m grateful for the opportunity to continue my leadership journey at Park and look forward to working closely with David and the board. I will do all I can to ensure their faith is well placed.” Miller continued, “David and I aren’t finished with our work together. I value his wisdom and partnership as we continue into the future. We are eager to help Park be all it can be for colleagues, customers and communities alike.”

About Matthew R. Miller

A native of New Madison, Ohio, Miller joined Park in 2009 and has held several key leadership roles, including Chief Accounting Officer, Executive Vice President and currently President. Prior to joining Park, he worked at Deloitte LLP in the Cleveland and Columbus, Ohio offices.

He is deeply committed to community service, having served on more than a dozen nonprofit and civic boards over the past decade, including the Ohio Bankers League, The Works, the Boys and Girls Club of Newark and the Buckeye Valley Family YMCA.

About Park National Corporation

Headquartered in Newark, Ohio, Park National Corporation has $9.9 billion in total assets (as of June 30, 2025). Park's banking operations are conducted through its subsidiary, The Park National Bank. Other Park subsidiaries are Scope Leasing, Inc. (d.b.a. Scope Aircraft Finance), Guardian Financial Services Company (d.b.a. Guardian Finance Company), Park Investments, Inc. and SE Property Holdings, LLC.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/8d794853-1fc5-4c25-b5eb-2ca2664a3fc9

https://www.globenewswire.com/NewsRoom/AttachmentNg/3a6012ef-4ade-4e21-aa3f-3c21e733fbb1

Media contact: Michelle Hamilton, 740-349-6014, media@parknationalbank.com

FAQ

When will Matthew Miller become CEO of Park National Corporation (PRK)?

Matthew Miller will become CEO of Park National Corporation effective January 1, 2026, while retaining his current position as president.

Who is the current CEO of Park National Corporation (PRK)?

David L. Trautman is the current CEO of Park National Corporation. He has served as CEO since 2014 and will continue as Board Chair after the transition.

How long has Matthew Miller been with Park National Corporation (PRK)?

Matthew Miller has served as Park's president since 2019 and has worked closely with David Trautman for the past 10 years.

What positions has David Trautman held at Park National Corporation (PRK)?

David Trautman has served at Park for 42 years, including roles as President (2005-2019), CEO (since 2014), and Board Chair (since 2019).

Will David Trautman remain with Park National Corporation (PRK) after the CEO transition?

Yes, David Trautman will continue to serve as Chair of the Board after Matthew Miller assumes the CEO position.