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Associated Banc-Corp Announces Kristen Ludgate and Owen Sullivan Join Board of Directors

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Associated Banc-Corp (NYSE: ASB) has announced the appointment of two new members to its Board of Directors: Kristen M. Ludgate and Owen J. Sullivan. Ludgate, 62, currently serves as Chief People Officer at HP Inc. and previously held the position of Chief Human Resources Officer at 3M Company. Sullivan, 67, recently retired as President and Chief Operating Officer of NCR, where he served from 2018 to 2023. Ludgate will serve on Associated's Compensation and Benefits Committee, while Sullivan joins the Enterprise Risk Committee.

Associated Banc-Corp (NYSE: ASB) ha annunciato la nomina di due nuovi membri nel suo Consiglio di Amministrazione: Kristen M. Ludgate e Owen J. Sullivan. Ludgate, 62 anni, attualmente ricopre il ruolo di Chief People Officer presso HP Inc. ed in precedenza ha ricoperto la posizione di Chief Human Resources Officer presso 3M Company. Sullivan, 67 anni, si è recentemente ritirato dalla carica di Presidente e Chief Operating Officer di NCR, dove ha lavorato dal 2018 al 2023. Ludgate farà parte del Comitato Compensi e Benefit di Associated, mentre Sullivan entrerà a far parte del Comitato per i Rischi Aziendali.

Associated Banc-Corp (NYSE: ASB) ha anunciado el nombramiento de dos nuevos miembros en su Junta Directiva: Kristen M. Ludgate y Owen J. Sullivan. Ludgate, de 62 años, actualmente se desempeña como Chief People Officer en HP Inc. y anteriormente ocupó el cargo de Chief Human Resources Officer en 3M Company. Sullivan, de 67 años, se jubiló recientemente como Presidente y Chief Operating Officer de NCR, donde trabajó desde 2018 hasta 2023. Ludgate formará parte del Comité de Compensación y Beneficios de Associated, mientras que Sullivan se une al Comité de Riesgos Empresariales.

Associated Banc-Corp (NYSE: ASB)는 이사회의 두 새로운 멤버인 Kristen M. LudgateOwen J. Sullivan의 임명을 발표했습니다. Ludgate(62세)는 현재 HP Inc.의 Chief People Officer로 재직 중이며, 이전에는 3M Company의 Chief Human Resources Officer를 역임했습니다. Sullivan(67세)은 최근 NCR의 사장 겸 COO로 퇴직했으며, 2018년부터 2023년까지 그 역할을 수행했습니다. Ludgate는 Associated의 보상 및 복리후생 위원회에 참여하고, Sullivan은 기업 위험 위원회에 합류할 것입니다.

Associated Banc-Corp (NYSE: ASB) a annoncé la nomination de deux nouveaux membres à son Conseil d'Administration : Kristen M. Ludgate et Owen J. Sullivan. Ludgate, âgée de 62 ans, est actuellement Chief People Officer chez HP Inc. et a précédemment occupé le poste de Chief Human Resources Officer chez 3M Company. Sullivan, 67 ans, a récemment pris sa retraite en tant que Président et Chief Operating Officer de NCR, où il a exercé de 2018 à 2023. Ludgate fera partie du Comité de Rémunération et d'Avantages d'Associated, tandis que Sullivan rejoindra le Comité des Risques d'Entreprise.

Associated Banc-Corp (NYSE: ASB) hat die Ernennung von zwei neuen Mitgliedern in seinen Vorstand bekannt gegeben: Kristen M. Ludgate und Owen J. Sullivan. Ludgate, 62 Jahre alt, ist derzeit Chief People Officer bei HP Inc. und hatte zuvor die Position des Chief Human Resources Officer bei 3M Company inne. Sullivan, 67 Jahre alt, ist kürzlich als President und Chief Operating Officer von NCR in den Ruhestand gegangen, wo er von 2018 bis 2023 tätig war. Ludgate wird im Vergütungs- und Leistungscommittee von Associated tätig sein, während Sullivan dem Unternehmerrisiko-Ausschuss beitritt.

Positive
  • Addition of experienced executives with relevant industry expertise
  • Enhanced board diversity with expertise in human resources and banking technology
  • Strategic appointment strengthening oversight in compensation and risk management
Negative
  • None.

GREEN BAY, Wis., Dec. 11, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") announced the appointment of Kristen M. Ludgate and Owen J. Sullivan to its Board of Directors effective today.

Ludgate, 62, is the Chief People Officer at HP Inc., a global provider of personal computing and other digital devices, imaging and printing products, and related technologies, solutions and services. Ms. Ludgate previously served as Chief Human Resources Officer for 3M Company from 2018 to 2021 and held multiple 3M legal and executive roles over more than 15 years with the company. She is a member of the HP Foundation Board and previously chaired the 3M Foundation Board. Ludgate earned her bachelor's degree from Bowdoin College and her J.D. from University of Minnesota Law School. She will also serve as a member of Associated's Compensation and Benefits Committee.

Sullivan, 67, served as President and Chief Operating Officer of NCR, a global leader in ATM, point-of-sale and digital banking from 2018 until his retirement in 2023. Prior to 2018, Mr. Sullivan was an independent consultant, providing strategic planning, consulting and executive mentoring for private equity firms and other investor groups. He received a bachelor's degree from Marquette University and completed executive education at the Kellogg School of Business at Northwestern University and Harvard Business School. Sullivan will also serve as a member of Associated's Enterprise Risk Committee.

"We are extremely pleased to have Kristen and Owen join our board," said Associated Chairman Jay Williams.

Associated President and CEO Andy Harmening added: "Kristen and Owen bring extraordinary talent and experience to our board. The breadth and depth of their knowledge will benefit Associated as we continue to execute our strategic growth plans."

ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $42 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.

Media Contact: Andrea Kozek
Senior Manager, Public Relations
920-491-7518

Investor Contact: Ben McCarville
Vice President | Director of Investor Relations
920-491-7059

Cision View original content:https://www.prnewswire.com/news-releases/associated-banc-corp-announces-kristen-ludgate-and-owen-sullivan-join-board-of-directors-302329023.html

SOURCE Associated Banc-Corp

FAQ

Who are the new board members appointed to Associated Banc-Corp (ASB)?

Kristen M. Ludgate, HP Inc.'s Chief People Officer, and Owen J. Sullivan, former President and COO of NCR, have been appointed to Associated Banc-Corp's Board of Directors effective December 11, 2024.

What committees will the new ASB board members serve on?

Kristen Ludgate will serve on Associated's Compensation and Benefits Committee, while Owen Sullivan will serve on the Enterprise Risk Committee.

What is Kristen Ludgate's background before joining ASB's board?

Kristen Ludgate is HP Inc.'s Chief People Officer and previously served as Chief Human Resources Officer at 3M Company from 2018 to 2021, where she held multiple legal and executive roles over 15+ years.

What was Owen Sullivan's role before joining Associated Banc-Corp's board?

Owen Sullivan served as President and Chief Operating Officer of NCR, a global leader in ATM and digital banking, from 2018 until his retirement in 2023.

Associated Banc-Corp

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