WEST COAST COMMUNITY BANCORP ANNOUNCES BOARD LEADERSHIP TRANSITION AND NEW GOVERNANCE ROLES: Chairman Stephen Pahl retired; Krista Snelling appointed Chairman; Judy Bornstein joins Board; Wayne Doiguchi named to newly created role of Lead Independent Director
West Coast Community Bancorp (OTCQX: WCCB) announced significant board leadership changes. Stephen Pahl retired as Chairman after 18 years of service, with CEO Krista Snelling appointed to the additional role of Chairman. The company created a new Lead Independent Director position, appointing Wayne Doiguchi to the role.
Additionally, Judy Bornstein joined as a new independent director and Audit Committee member, bringing over 20 years of senior leadership experience in finance, including roles as CFO at various investment firms. The governance restructuring aims to strengthen board oversight and align management with long-term stakeholder value creation.
West Coast Community Bancorp (OTCQX: WCCB) ha annunciato rilevanti cambiamenti nella leadership del consiglio. Dopo 18 anni di servizio, Stephen Pahl si è ritirato dalla carica di presidente, mentre l’amministratore delegato Krista Snelling è stata nominata anche presidente. È stata inoltre istituita la nuova posizione di Lead Independent Director, affidata a Wayne Doiguchi.
In aggiunta, Judy Bornstein è entrata a far parte del consiglio come nuova direttrice indipendente e membro del Comitato Audit, portando oltre 20 anni di esperienza in ruoli dirigenziali finanziari, tra cui posizioni di CFO in diverse società di investimento. La ristrutturazione della governance punta a rafforzare il controllo del consiglio e ad allineare la gestione alla creazione di valore a lungo termine per gli stakeholder.
West Coast Community Bancorp (OTCQX: WCCB) anunció cambios importantes en el liderazgo de su junta. Tras 18 años de servicio, Stephen Pahl se jubiló como presidente y la directora ejecutiva Krista Snelling asumió también el cargo de presidenta. La compañía creó además la nueva posición de Lead Independent Director, designando a Wayne Doiguchi para el puesto.
Asimismo, Judy Bornstein se incorporó como nueva directora independiente y miembro del Comité de Auditoría, aportando más de 20 años de experiencia en puestos financieros de alto nivel, incluido su desempeño como CFO en varias firmas de inversión. La reordenación de la gobernanza busca fortalecer la supervisión del consejo y alinear la gestión con la creación de valor a largo plazo para los interesados.
West Coast Community Bancorp (OTCQX: WCCB)가 이사회의 주요 리더십 변경을 발표했습니다. 18년간 회장직을 맡았던 Stephen Pahl이 퇴임했으며, 최고경영자 Krista Snelling이 회장직을 겸임하게 되었습니다. 또한 새로운 Lead Independent Director(수석 독립이사) 직책을 신설하고 Wayne Doiguchi를 임명했습니다.
추가로 Judy Bornstein이 새로운 독립 이사이자 감사위원회 위원으로 합류했으며, 여러 투자회사에서 CFO를 역임하는 등 20년 이상의 고위 재무 리더십 경험을 보유하고 있습니다. 이번 지배구조 개편은 이사회의 감독 기능을 강화하고 경영진을 장기적인 이해관계자 가치 창출에 맞추기 위한 것입니다.
West Coast Community Bancorp (OTCQX: WCCB) a annoncé des changements importants dans la direction du conseil. Stephen Pahl a pris sa retraite de la présidence après 18 ans de service, et la PDG Krista Snelling a été nommée également présidente. La société a créé un nouveau poste de Lead Independent Director, confié à Wayne Doiguchi.
Par ailleurs, Judy Bornstein a rejoint le conseil en tant que nouvelle administratrice indépendante et membre du comité d’audit, apportant plus de 20 ans d’expérience en direction financière, notamment comme directrice financière au sein de plusieurs sociétés d’investissement. La réorganisation de la gouvernance vise à renforcer la supervision du conseil et à aligner la direction sur la création de valeur à long terme pour les parties prenantes.
West Coast Community Bancorp (OTCQX: WCCB) hat bedeutende Führungsänderungen im Vorstand bekanntgegeben. Stephen Pahl ist nach 18 Jahren als Vorsitzender in den Ruhestand getreten, und die CEO Krista Snelling wurde zusätzlich zur Vorsitzenden ernannt. Außerdem wurde die neue Position des Lead Independent Director geschaffen und Wayne Doiguchi für diese Rolle berufen.
Zusätzlich ist Judy Bornstein als neues unabhängiges Vorstandsmitglied und Mitglied des Prüfungsausschusses hinzugekommen. Sie bringt mehr als 20 Jahre Führungserfahrung im Finanzbereich mit, darunter CFO-Positionen bei verschiedenen Investmentgesellschaften. Die Umstrukturierung der Governance zielt darauf ab, die Aufsicht des Vorstands zu stärken und das Management auf die langfristige Schaffung von Wert für die Stakeholder auszurichten.
- Appointment of experienced finance executive Judy Bornstein to the board and Audit Committee
- Creation of Lead Independent Director role enhancing governance oversight
- Unified leadership structure with CEO assuming Chairman role
- Smooth planned transition maintaining leadership continuity
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To further strengthen its governance structure, the Board also created the role of Lead Independent Director, appointing current director Wayne Doiguchi to the position. Doiguchi brings extensive bank leadership experience, having previously served as Chairman and CEO of a community bank and as a director of a Nasdaq-listed bank. His background enhances the Board's independent oversight and adds valuable perspective to its governance.
In addition, the Board has appointed Judy Bornstein as a new independent director and member of the Audit Committee. Bornstein is an experienced finance executive with more than 20 years in senior leadership roles across private equity, venture debt and specialty finance. She previously served as Chief Financial Officer ("CFO") and Chief Compliance Officer ("CCO") at Western Technology Investment, a venture debt firm with more than
"The Board sincerely thanks Stephen for his dedicated service as Chairman and for the time he has devoted to the Bank," said Krista Snelling, CEO and newly appointed Chairman. "As I assume the role of Chairman in addition to CEO, I am confident in the strength of our leadership team and our ability to continue delivering for our clients, communities and shareholders."
"Krista has demonstrated exceptional leadership and a clear vision for our future," said Wayne Doiguchi, Lead Independent Director. "Unifying the roles of Chairman and CEO ensures strong alignment between management and the Board in driving long-term value for all our stakeholders.
I'd also like to take this opportunity to welcome Judy, as her deep financial expertise and proven track record in governance, compliance and risk oversight will bring significant value to our Board and the Audit Committee," added Doiguchi. "I am pleased to take on the Lead Independent Director role and to continue contributing to the Bank's strong governance practices."
"I am honored to join the Boards of West Coast Community Bank and Bancorp and eager to contribute my finance and governance experience to support the Bank's growth and success," said Judy Bornstein, newly appointed Board Member. "I look forward to working with my fellow directors and management to further strengthen our foundation for the future."
ABOUT WEST COAST COMMUNITY BANK AND WEST COAST COMMUNITY BANCORP
Founded in 2004, West Coast Community Bank (formerly Santa Cruz County Bank and its division, 1st Capital Bank) is the wholly owned subsidiary of West Coast Community Bancorp, a bank holding company. The Bank is a top-rated, locally operated and full-service community bank headquartered in
FORWARD-LOOKING STATEMENTS
This release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to achieving the intended synergies with 1st Capital Bancorp post-merger, retaining employees and clients, fluctuations in interest rates (including but not limited to changes in depositor behavior and/or impacts on our core deposit intangible in relation thereto), inflation, government regulations and general economic conditions and competition within the business areas in which the Bank is conducting its operations, health of the real estate market in
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SOURCE West Coast Community Bancorp
FAQ
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