Park National Corporation names Matthew R. Miller Chief Executive Officer; David L. Trautman to continue as Board Chair
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).
Park National Corporation (NYSE American: PRK) ha annunciato un importante cambio ai vertici, nominando Matthew R. Miller nuovo Amministratore Delegato a partire dal 1° gennaio 2026. Miller manterrà anche il ruolo di presidente e succede a David L. Trautman, che continuerà a ricoprire la carica di Presidente del Consiglio di Amministrazione.
La nomina arriva dopo un'attenta valutazione da parte del consiglio di amministrazione di Park, che ha approvato la scelta di Miller nella seduta del 28 luglio. Miller è presidente di Park dal 2019, mentre Trautman ha ricoperto diversi ruoli di leadership in Park per 42 anni, tra cui Presidente (2005-2019), CEO (dal 2014) e Presidente del Consiglio (dal 2019).
Park National Corporation (NYSE American: PRK) ha anunciado una importante transición en su liderazgo, nombrando a Matthew R. Miller como su nuevo Director Ejecutivo, con efecto a partir del 1 de enero de 2026. Miller conservará su puesto como presidente y sucederá a David L. Trautman, quien continuará desempeñándose como Presidente del Consejo.
El nombramiento se produce tras una exhaustiva evaluación por parte de la junta directiva de Park, que aprobó la designación de Miller en su sesión del 28 de julio. Miller ha sido presidente de Park desde 2019, mientras que Trautman ha ocupado diversos cargos de liderazgo en Park durante 42 años, incluyendo Presidente (2005-2019), CEO (desde 2014) y Presidente del Consejo (desde 2019).
Park National Corporation (NYSE American: PRK)는 중대한 리더십 변화를 발표하며 Matthew R. Miller를 2026년 1월 1일부로 신임 최고경영자(CEO)로 임명했습니다. Miller는 사장직도 계속 유지하며, David L. Trautman의 뒤를 이어 이사회 의장직은 계속 맡게 됩니다.
이번 임명은 Park 이사회가 7월 28일 회의에서 Miller의 임명을 승인한 철저한 평가를 거친 결과입니다. Miller는 2019년부터 Park의 사장을 맡아왔으며, Trautman은 42년 동안 Park에서 다양한 리더십 역할을 수행해 왔습니다. 그 중에는 사장(2005-2019), CEO(2014년부터), 이사회 의장(2019년부터)이 포함됩니다.
Park National Corporation (NYSE American : PRK) a annoncé une importante transition de leadership en nommant Matthew R. Miller nouveau Directeur Général, à compter du 1er janvier 2026. Miller conservera également son poste de président et succède à David L. Trautman, qui continuera à exercer la fonction de Président du Conseil d'Administration.
Cette nomination fait suite à une évaluation approfondie menée par le conseil d'administration de Park, qui a approuvé la nomination de Miller lors de sa réunion du 28 juillet. Miller est président de Park depuis 2019, tandis que Trautman a occupé divers postes de direction chez Park pendant 42 ans, notamment Président (2005-2019), CEO (depuis 2014) et Président du Conseil (depuis 2019).
Park National Corporation (NYSE American: PRK) hat einen bedeutenden Führungswechsel angekündigt und Matthew R. Miller zum neuen Chief Executive Officer mit Wirkung zum 1. Januar 2026 ernannt. Miller wird auch seine Position als Präsident behalten und tritt die Nachfolge von David L. Trautman an, der weiterhin als Vorsitzender des Vorstands tätig sein wird.
Die Ernennung folgt auf eine gründliche Prüfung durch den Vorstand von Park, der Millers Ernennung in seiner Sitzung am 28. Juli genehmigte. Miller ist seit 2019 Präsident von Park, während Trautman seit 42 Jahren verschiedene Führungspositionen bei Park innehat, darunter Präsident (2005–2019), CEO (seit 2014) und Vorstandsvorsitzender (seit 2019).
- 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
- None.
Insights
Park National announces planned CEO transition to current President Miller in 2026, signaling leadership continuity with Board Chair Trautman remaining.
Park National Corporation has announced a structured leadership transition, with current President Matthew R. Miller set to assume the CEO role on January 1, 2026, while retaining his position as President. Current CEO David Trautman will continue serving as Board Chair, ensuring leadership continuity and institutional knowledge retention during this transition.
This leadership change follows Park's established succession planning pattern spanning 65 years under previous leaders Reese, Alford, McConnell, and DeLawder. The board's thorough evaluation and unanimous approval signals strong governance practices and confidence in Miller, who has progressively taken on greater strategic responsibilities since becoming President in 2019.
The planned transition provides investors with a 6-month preparation window, minimizing operational disruption. Miller's existing familiarity with Park's operations—having led key strategic initiatives during his tenure—further reduces transition risks. Trautman's 42 years of leadership experience remaining accessible as Board Chair provides additional stability.
This announcement demonstrates Park's commitment to leadership development and orderly succession—critical factors for regional banks where leadership continuity often correlates with consistent performance. The collaborative statements from both executives suggest a harmonious transition rather than an abrupt or forced change, which typically yields better organizational outcomes in the banking sector.
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
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
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