STOCK TITAN

First Interstate BancSystem, Inc. Announces Chief Financial Officer Succession

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

First Interstate BancSystem, Inc. (NASDAQ: FIBK) has announced its Chief Financial Officer succession plan. Marcy D. Mutch will retire as a full-time employee at the end of 2025 after more than 18 years with the company and will step down as Executive Vice President and CFO effective May 31, 2025.

Mutch will serve as an executive advisor through the end of 2025, assisting with strategic continuity, CFO role transition, and investor relations. She has also agreed to serve as a consultant through December 31, 2026.

The company has appointed David P. Della Camera, currently Deputy CFO, to succeed Mutch beginning June 1, 2025. This appointment is part of a multi-year succession plan as Mutch approached retirement age.

Della Camera joined First Interstate in 2021 and has held various senior finance leadership roles, including Deputy CFO, Director of Corporate Development and Financial Strategy, and Director of Financial Planning and Analysis.

First Interstate BancSystem, Inc. (NASDAQ: FIBK) ha annunciato il piano di successione per il suo Direttore Finanziario. Marcy D. Mutch si ritirerà come dipendente a tempo pieno alla fine del 2025 dopo oltre 18 anni con l'azienda e lascerà il suo incarico di Vice Presidente Esecutivo e CFO a partire dal 31 maggio 2025.

Mutch servirà come consulente esecutivo fino alla fine del 2025, assistendo nella continuità strategica, nella transizione del ruolo di CFO e nelle relazioni con gli investitori. Ha anche accettato di lavorare come consulente fino al 31 dicembre 2026.

L'azienda ha nominato David P. Della Camera, attualmente Vice CFO, per succedere a Mutch a partire dal 1 giugno 2025. Questa nomina fa parte di un piano di successione pluriennale poiché Mutch si avvicina all'età pensionabile.

Della Camera è entrato in First Interstate nel 2021 e ha ricoperto vari ruoli di leadership finanziaria senior, tra cui Vice CFO, Direttore dello Sviluppo Aziendale e della Strategia Finanziaria, e Direttore della Pianificazione e Analisi Finanziaria.

First Interstate BancSystem, Inc. (NASDAQ: FIBK) ha anunciado su plan de sucesión para el Director Financiero. Marcy D. Mutch se retirará como empleada a tiempo completo a finales de 2025, tras más de 18 años en la empresa, y dejará su puesto como Vicepresidenta Ejecutiva y CFO a partir del 31 de mayo de 2025.

Mutch actuará como asesora ejecutiva hasta finales de 2025, ayudando con la continuidad estratégica, la transición del rol de CFO y las relaciones con los inversores. También ha aceptado trabajar como consultora hasta el 31 de diciembre de 2026.

La empresa ha nombrado a David P. Della Camera, actualmente Vice CFO, para suceder a Mutch a partir del 1 de junio de 2025. Esta designación es parte de un plan de sucesión a varios años, ya que Mutch se acerca a la edad de jubilación.

Della Camera se unió a First Interstate en 2021 y ha ocupado varios roles de liderazgo financiero senior, incluyendo Vice CFO, Director de Desarrollo Corporativo y Estrategia Financiera, y Director de Planificación y Análisis Financiero.

퍼스트 인터스테이트 뱅크시스템, Inc. (NASDAQ: FIBK)는 최고 재무 책임자(CFO) 승계 계획을 발표했습니다. 마르시 D. 머치는 2025년 말에 18년 이상 회사에서 근무한 후 정규직으로 퇴직하며, 2025년 5월 31일부로 부사장 겸 CFO 직에서 물러납니다.

머치는 2025년 말까지 전략적 연속성, CFO 역할 전환 및 투자자 관계를 지원하는 실행 고문으로 활동할 예정입니다. 그녀는 또한 2026년 12월 31일까지 컨설턴트로 활동하기로 동의했습니다.

회사는 현재 부 CFO인 데이비드 P. 델라 카메라2025년 6월 1일부터 머치를 대신할 후임으로 임명했습니다. 이번 임명은 머치가 은퇴 연령에 가까워짐에 따라 다년간의 승계 계획의 일환입니다.

델라 카메라는 2021년에 퍼스트 인터스테이트에 합류했으며, 부 CFO, 기업 개발 및 재무 전략 이사, 재무 계획 및 분석 이사를 포함하여 다양한 고위 재무 리더십 역할을 수행했습니다.

First Interstate BancSystem, Inc. (NASDAQ: FIBK) a annoncé son plan de succession pour le Directeur Financier. Marcy D. Mutch prendra sa retraite en tant qu'employée à temps plein à la fin de 2025 après plus de 18 ans au sein de l'entreprise et quittera son poste de Vice-Présidente Exécutive et CFO à compter du 31 mai 2025.

Mutch agira en tant que conseillère exécutive jusqu'à la fin de 2025, aidant à la continuité stratégique, à la transition du rôle de CFO et aux relations avec les investisseurs. Elle a également accepté de travailler en tant que consultante jusqu'au 31 décembre 2026.

L'entreprise a nommé David P. Della Camera, actuellement Vice CFO, pour succéder à Mutch à partir du 1er juin 2025. Cette nomination fait partie d'un plan de succession pluriannuel alors que Mutch approche de l'âge de la retraite.

Della Camera a rejoint First Interstate en 2021 et a occupé divers postes de direction financière, notamment Vice CFO, Directeur du Développement Corporatif et de la Stratégie Financière, et Directeur de la Planification et de l'Analyse Financière.

First Interstate BancSystem, Inc. (NASDAQ: FIBK) hat seinen Nachfolgeplan für den Chief Financial Officer bekannt gegeben. Marcy D. Mutch wird Ende 2025 nach über 18 Jahren im Unternehmen als Vollzeitmitarbeiterin in den Ruhestand gehen und wird zum 31. Mai 2025 als Executive Vice President und CFO zurücktreten.

Mutch wird bis Ende 2025 als Executive Advisor tätig sein und bei der strategischen Kontinuität, dem Übergang der CFO-Rolle und den Investorenbeziehungen unterstützen. Sie hat auch zugestimmt, bis zum 31. Dezember 2026 als Beraterin tätig zu sein.

Das Unternehmen hat David P. Della Camera, derzeit stellvertretender CFO, zum Nachfolger von Mutch ab dem 1. Juni 2025 ernannt. Diese Ernennung ist Teil eines mehrjährigen Nachfolgeplans, da Mutch dem Rentenalter näherkommt.

Della Camera ist 2021 zu First Interstate gestoßen und hat verschiedene leitende Finanzpositionen innegehabt, darunter stellvertretender CFO, Direktor für Unternehmensentwicklung und Finanzstrategie sowie Direktor für Finanzplanung und -analyse.

Positive
  • Planned and orderly CFO succession with 1-year transition period
  • Former CFO staying on as advisor through 2025 and consultant through 2026
  • New CFO has been with the company since 2021 in senior finance roles
  • Succession is part of a multi-year strategic plan for leadership continuity
Negative
  • Loss of 18-year veteran CFO who oversaw the company's IPO in 2010

BILLINGS, Mont.--(BUSINESS WIRE)-- First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate” or the “Company”) announced today that Marcy D. Mutch notified the Company of her intention to retire as a full-time employee at the end of 2025 after more than 18 years of faithful service to the Company, and to step down after a transition period as the Company’s Executive Vice President and Chief Financial Officer (CFO) effective May 31, 2025. Ms. Mutch has agreed to serve as an executive advisor to the Company through the end of 2025 after she steps down from her executive officer role, during which time she will be expected to assist the Company with, among other things, providing strategic continuity and high-level support to the Company, assisting the Chief Executive Officer (CEO) with the continuation of the CFO role transition, acting as a liaison between the board of directors of the Company, executive management, and the Company’s investment community as requested by the CEO, coordinating cross-functional initiatives, and assisting with investor relations. Ms. Mutch also has agreed to serve as a consultant to the Company following her retirement from employment through December 31, 2026.

In connection with the announced retirement, the Company also announced today it had appointed David P. Della Camera, the Company’s Deputy CFO, to succeed Ms. Mutch as Executive Vice President and CFO of the Company beginning June 1, 2025. Mr. Della Camera’s appointment is part of a multi-year, strategic succession plan that has been utilized as Ms. Mutch approached normal retirement age to enable a seamless transition of this role.

“We are grateful for Marcy’s significant contributions during her over 18-year tenure at First Interstate, which spanned the Company’s initial public offering of equity securities with SEC that was completed in early 2010. Marcy’s deep knowledge of First Interstate paired with her financial industry experience has been instrumental in our financial performance over her decade of service as CFO,” said James A. Reuter, President and CEO of the Company. “Marcy’s commitment to the succession planning process, including her willingness to remain with First Interstate in a consulting capacity through 2026, will continue to benefit First Interstate as we welcome David to the role of CFO."

“It has been a privilege to serve as First Interstate’s CFO and to work alongside my exceptional colleagues,” Ms. Mutch said. “Looking ahead, I am thrilled to have David step into the role of CFO, and I am confident that his strong financial leadership experience, both at First Interstate and beyond, will help ensure First Interstate’s future success.”

Mr. Della Camera joined First Interstate in 2021 and has held a range of senior finance leadership roles at the Company, including most recently as Deputy CFO. In this role, Mr. Della Camera was responsible for First Interstate’s financial planning and analysis, investor relations, and strategic initiatives including mergers and acquisitions. Mr. Della Camera has also served as the Company’s Director of Corporate Development and Financial Strategy as well as Director of Financial Planning and Analysis, giving him a comprehensive and deep understanding of First Interstate’s financial and reporting functions.

“It is an honor to step into the role of CFO,” Mr. Della Camera said. “As Deputy CFO, I have benefited immensely from Marcy’s guidance and look forward to continuing the momentum she has worked so diligently to create.”

About First Interstate BancSystem, Inc.

First Interstate BancSystem, Inc. is a financial and bank holding company focused on community banking. Incorporated in 1971 and headquartered in Billings, Montana, the Company operates banking offices, including detached drive-up facilities, in communities across Arizona, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington, and Wyoming, in addition to offering online and mobile banking services. Through its bank subsidiary, First Interstate Bank, the Company delivers a comprehensive range of banking products and services to individuals, businesses, municipalities, and others throughout the Company’s market areas.

Forward-Looking Statements

Statements contained in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are predictive in nature and are identified by the use of the terms “expected,” “will,” “look forward to,” “aim,” and similar words or phrases indicating possible future expectations, events or actions. Such forward-looking statements are based on current expectations, assumptions and projections about our business and the Company, and are not guarantees of our future performance or outcomes. These statements are subject to a number of known and unknown risks, uncertainties, and other factors, many of which are beyond our ability to control or predict, which may cause actual events to be materially different from those expressed or implied herein. The Company has provided additional information about the risks facing its business in its most recent annual report on Form 10-K, and any subsequent periodic and current reports on Forms 10-Q and 8-K, filed by it with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made and are expressly qualified in their entirety by the cautionary statements set forth herein and in the filings with the Securities and Exchange Commission identified above, which you should read in their entirety before making any investment or other decision with respect to our securities. We undertake no obligation to update or revise any forward-looking statements contained in this report, whether as a result of new information, future events or otherwise, except as otherwise required by applicable law.

Category: Other Corporate News

Company Contact:

David P. Della Camera, CFA

Deputy Chief Financial Officer

(406) 255-5363

investor.relations@fib.com



Media Contact:

Sara Becker

Director of Marketing and Communications

(406) 255-5314

sara.becker@fib.com

Source: First Interstate BancSystem, Inc.

FAQ

When will Marcy Mutch step down as CFO of First Interstate BancSystem (FIBK)?

Marcy Mutch will step down as Executive Vice President and CFO of First Interstate BancSystem (FIBK) effective May 31, 2025.

Who will be the new CFO of First Interstate BancSystem (FIBK)?

David P. Della Camera, currently the Deputy CFO, will succeed Marcy Mutch as Executive Vice President and CFO of First Interstate BancSystem (FIBK) beginning June 1, 2025.

How long has Marcy Mutch worked at First Interstate BancSystem (FIBK)?

Marcy Mutch has worked at First Interstate BancSystem (FIBK) for more than 18 years, spanning the company's initial public offering of equity securities with SEC that was completed in early 2010.

What will Marcy Mutch do after stepping down as CFO of FIBK?

After stepping down as CFO, Marcy Mutch will serve as an executive advisor to FIBK through the end of 2025 and then as a consultant through December 31, 2026, providing strategic continuity and supporting the CFO transition.

What positions has David Della Camera held at First Interstate BancSystem (FIBK)?

David Della Camera has held several senior finance leadership roles at FIBK since joining in 2021, including Deputy CFO, Director of Corporate Development and Financial Strategy, and Director of Financial Planning and Analysis.

First Interstate Bancsystem

NASDAQ:FIBK

FIBK Rankings

FIBK Latest News

FIBK Stock Data

3.25B
89.71M
13.93%
80.1%
2.53%
Banks - Regional
State Commercial Banks
Link
United States
BILLINGS