Business First Bancshares, Inc. Names David R. “Jude” Melville III, Board Chair and Rolfe H. McCollister Jr., Lead Independent Director
Business First Bancshares, Inc. (Nasdaq: BFST), the parent company of b1BANK, has announced significant changes in its board leadership. David R. "Jude" Melville III has been unanimously elected as the new board chair by the independent directors. Simultaneously, Rolfe H. McCollister Jr. has been appointed as the lead independent director.
Melville, who will continue his role as President and CEO, will now lead the board's agenda-setting process, focusing on strategic opportunities and risk management. McCollister, in his new position, will maintain substantial authority, including providing input on board agendas, calling meetings of independent directors, and setting agendas for executive sessions.
Business First Bancshares, Inc. (Nasdaq: BFST), la società madre di b1BANK, ha annunciato cambiamenti significativi nella leadership del suo consiglio di amministrazione. David R. "Jude" Melville III è stato eletto all'unanimità nuovo presidente del consiglio dai direttori indipendenti. Allo stesso tempo, Rolfe H. McCollister Jr. è stato nominato direttore indipendente principale.
Melville, che continuerà a ricoprire il ruolo di Presidente e CEO, guiderà adesso il processo di definizione dell'agenda del consiglio, concentrandosi sulle opportunità strategiche e sulla gestione dei rischi. McCollister, nella sua nuova posizione, manterrà un'autorità considerevole, incluso il fornire input sulle agende del consiglio, convocare riunioni dei direttori indipendenti e definire le agende per le sessioni esecutive.
Business First Bancshares, Inc. (Nasdaq: BFST), la empresa matriz de b1BANK, ha anunciado cambios significativos en la dirección de su junta. David R. "Jude" Melville III ha sido elegido unánimemente como el nuevo presidente de la junta por los directores independientes. Al mismo tiempo, Rolfe H. McCollister Jr. ha sido designado como director independiente principal.
Melville, quien continuará en su papel de Presidente y CEO, ahora liderará el proceso de definición de la agenda de la junta, enfocándose en oportunidades estratégicas y gestión de riesgos. McCollister, en su nueva función, mantendrá una autoridad considerable, incluyendo la provisión de insumos sobre las agendas de la junta, la convocatoria de reuniones de directores independientes y la definición de las agendas para las sesiones ejecutivas.
비즈니스 퍼스트 뱅크쉐어스, Inc. (Nasdaq: BFST), b1BANK의 모회사,가 이사회 리더십에 중대한 변화를 발표했습니다. 데이비드 R. "주드" 멜빌 III가 독립 이사들에 의해 새로운 이사회 의장으로 만장일치로 선출되었습니다. 동시에 롤프 H. 맥콜리스터 주니어가 수석 독립 이사로 임명되었습니다.
멜빌은 현재 사장 겸 CEO로서의 역할을 계속하며, 이사회의 Agenda 설정 과정을 이끌고 전략적 기회와 위험 관리에 집중할 것입니다. 맥콜리스터는 새로운 직책에서 이사회 의제에 대한 의견 제공, 독립 이사 회의 소집, 집행 세션의 의제 설정 등을 포함하여 상당한 권한을 유지할 것입니다.
Business First Bancshares, Inc. (Nasdaq: BFST), la société mère de b1BANK, a annoncé des changements significatifs dans la direction de son conseil d'administration. David R. "Jude" Melville III a été élu à l'unanimité nouveau président du conseil par les directeurs indépendants. Simultanément, Rolfe H. McCollister Jr. a été nommé directeur indépendant principal.
Melville, qui continuera son rôle de Président et CEO, dirigera désormais le processus d'établissement de l'agenda du conseil, en mettant l'accent sur les opportunités stratégiques et la gestion des risques. McCollister, dans sa nouvelle fonction, conservera une autorité considérable, notamment en fournissant des avis sur les agendas du conseil, en convoquant des réunions des directeurs indépendants et en établissant des agendas pour les sessions exécutives.
Business First Bancshares, Inc. (Nasdaq: BFST), das Mutterunternehmen von b1BANK, hat bedeutende Veränderungen in seiner Vorstandführung angekündigt. David R. "Jude" Melville III wurde einstimmig von den unabhängigen Direktoren zum neuen Vorsitzenden des Vorstands gewählt. Gleichzeitig wurde Rolfe H. McCollister Jr. als leitender unabhängiger Direktor ernannt.
Melville, der weiterhin als Präsident und CEO tätig sein wird, wird nun den Prozess zur Festlegung der Agenda des Vorstands leiten, wobei der Fokus auf strategischen Chancen und Risikomanagement liegt. McCollister wird in seiner neuen Position erhebliche Autorität behalten, einschließlich der Möglichkeit, Anregungen zu den Vorstandsthemen zu geben, Treffen der unabhängigen Direktoren einzuberufen und die Agenden für exekutive Sitzungen festzulegen.
- David R. "Jude" Melville III appointed as board chair, potentially strengthening leadership continuity
- Rolfe H. McCollister Jr. named lead independent director, enhancing corporate governance
- None.
BATON ROUGE, La., July 30, 2024 (GLOBE NEWSWIRE) -- Business First Bancshares, Inc. (Nasdaq: BFST), the parent company of b1BANK, announced that the board's independent directors unanimously elected David R. “Jude” Melville III to the role of board chair and Rolfe H. McCollister Jr. as lead independent director.
“For nearly 20 years, Rolfe and I have been working successfully together in various capacities, alongside many others, on this important endeavor. I thank the board for this opportunity to continue partnering with him and them in this next phase of our company’s life,” said Melville.
In this role, Melville will lead the work to set the agenda for the board, leveraging his deep understanding of the business to elevate the right strategic opportunities and identify key risks and mitigation approaches for the board's review. In addition to serving as chair, Melville will continue to serve as President and CEO of the company. As lead independent director, McCollister will retain significant authority including providing input on behalf of the independent directors on board agendas, calling meetings of the independent directors, and setting agendas for executive sessions.
About Business First Bancshares, Inc.
As of June 30, 2024, Business First Bancshares, Inc., (Nasdaq: BFST), through its banking subsidiary b1BANK, has
Contact:
Misty Albrecht
b1BANK
225.286.7879
Misty.Albrecht@b1BANK.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6369a32c-3cd1-4a24-9a6f-525cd71ac287
https://www.globenewswire.com/NewsRoom/AttachmentNg/837ddb80-8c71-4c87-b024-1fa935867cbb
FAQ
Who was appointed as the new board chair of Business First Bancshares (BFST)?
What is Jude Melville's role at Business First Bancshares (BFST) besides being board chair?
Who was named lead independent director of Business First Bancshares (BFST)?
What are Rolfe H. McCollister Jr.'s responsibilities as lead independent director of BFST?
