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FULTON FINANCIAL CORPORATION NAMES RICK KRAEMER AS CHIEF FINANCIAL OFFICER

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Fulton Financial (NASDAQ: FULT) has appointed Richard Kraemer as Senior Executive Vice President and Chief Financial Officer, replacing Interim CFO Betsy Chivinski, who is retiring at year-end. Kraemer brings over 20 years of financial services experience and will oversee accounting, treasury, corporate development, tax, financial planning, investor relations, procurement, and real estate. In his previous role as Chief Banking Officer, he managed commercial markets and had P&L responsibility. He also served as Executive Vice President, Deputy CFO & Treasurer at a $60 billion assets company.

Fulton Financial (NASDAQ: FULT) ha nominato Richard Kraemer come Vice Presidente Esecutivo Senior e Direttore Finanziario, sostituendo l'attuale CFO ad interim Betsy Chivinski, che si ritirerà alla fine dell'anno. Kraemer porta oltre 20 anni di esperienza nei servizi finanziari e supervisionerà contabilità, tesoreria, sviluppo aziendale, tasse, pianificazione finanziaria, relazioni con gli investitori, approvvigionamento e immobiliare. Nel suo precedente ruolo di Chief Banking Officer, ha gestito i mercati commerciali e aveva la responsabilità del P&L. Ha anche ricoperto il ruolo di Vice Presidente Esecutivo, Vice CFO e Tesoriere presso un'azienda con 60 miliardi di dollari di attivi.

Fulton Financial (NASDAQ: FULT) ha designado a Richard Kraemer como Vicepresidente Ejecutivo Senior y Director Financiero, en reemplazo de la CFO interina Betsy Chivinski, quien se retirará a fin de año. Kraemer aporta más de 20 años de experiencia en servicios financieros y supervisará contabilidad, tesorería, desarrollo corporativo, impuestos, planificación financiera, relaciones con inversores, aprovisionamiento y bienes raíces. En su anterior puesto como Chief Banking Officer, gestionó los mercados comerciales y tuvo responsabilidad sobre el P&L. También se desempeñó como Vicepresidente Ejecutivo, CFO adjunto y Tesorero en una empresa con 60 mil millones de dólares en activos.

Fulton Financial (NASDAQ: FULT)는 Richard Kraemer를 수석 부회장 겸 최고 재무 책임자로 임명했습니다. 그는 연말에 은퇴하는 임시 CFO Betsy Chivinski를 대신하게 됩니다. Kraemer는 20년 이상의 금융 서비스 경험을 갖고 있으며, 회계, 재무, 기업 개발, 세금, 재무 계획, 투자자 관계, 조달 및 부동산을 감독합니다. 이전 직책인 최고 은행 책임자로서 그는 상업 시장을 관리하고 손익 책임을 맡았습니다. 그는 또한 자산이 600억 달러인 회사에서 집행 부사장, 부 CFO 및 재무 담당자로 근무했습니다.

Fulton Financial (NASDAQ: FULT) a nommé Richard Kraemer au poste de Vice-Président Exécutif Senior et Directeur Financier, remplaçant ainsi Betsy Chivinski, Directrice Financière par intérim, qui prendra sa retraite à la fin de l'année. Kraemer apporte plus de 20 ans d'expérience dans les services financiers et sera responsable de la comptabilité, de la trésorerie, du développement corporatif, des impôts, de la planification financière, des relations avec les investisseurs, des achats et de l'immobilier. Dans son rôle précédent de Chief Banking Officer, il a géré les marchés commerciaux et avait la responsabilité du P&L. Il a également occupé le poste de Vice-Président Exécutif, CFO adjoint et Trésorier dans une entreprise disposant d'actifs de 60 milliards de dollars.

Fulton Financial (NASDAQ: FULT) hat Richard Kraemer zum Senior Executive Vice President und Chief Financial Officer ernannt, als Nachfolger von Interim CFO Betsy Chivinski, die zum Jahresende in den Ruhestand geht. Kraemer bringt über 20 Jahre Erfahrung im Finanzdienstleistungsbereich mit und wird die Bereiche Buchhaltung, Treasury, Unternehmensentwicklung, Steuern, Finanzplanung, Investor Relations, Beschaffung und Immobilien leiten. In seiner vorherigen Funktion als Chief Banking Officer verantwortete er die Geschäftsmärkte und hatte die Verantwortung für das P&L. Er war auch als Executive Vice President, stellvertretender CFO und Schatzmeister bei einem Unternehmen mit 60 Milliarden Dollar Vermögenswerten tätig.

Positive
  • Appointment of experienced CFO with over 20 years in financial services
  • New CFO has proven track record in commercial banking and corporate finance
  • Previous experience managing P&L for commercial business
  • Prior leadership role at a larger institution ($60 billion in assets)
Negative
  • None.

LANCASTER, Pa., Nov. 1, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ: FULT) today announced that Richard Kraemer has been appointed as Senior Executive Vice President and Chief Financial Officer ("CFO"), replacing Interim CFO Betsy Chivinski, who is retiring from Fulton at the end of the year.

"I would like to thank Betsy Chivinski for her many years of service to Fulton," said Chairman and Chief Executive Officer Curt Myers. "As Interim CFO, Betsy helped lead the Republic Bank transaction and our common stock issuance, among other notable contributions. We are grateful for her support and wish her well in retirement."

Kraemer will oversee accounting, treasury, corporate development, tax, financial planning and forecasting, investor relations, procurement and real estate.

"Rick has a proven track record of leading commercial lines of business, overseeing corporate finance functions and developing enterprise strategies to improve profitability. I am confident he will contribute greatly to our continued success," said Myers.

Kraemer has more than 20 years in the financial services industry, having most recently served as Chief Banking Officer overseeing commercial markets for another bank. In that role, he had profit and loss responsibility for the bank's commercial business. Prior to that, he served as Executive Vice President, Deputy Chief Financial Officer & Treasurer. In that role, he was responsible for leading all aspects of corporate treasury and corporate finance for the more than $60 billion in assets company. Previously, he also served as Executive Vice President, Chief Financial Services Officer; and Head of Corporate Finance, Corporate Development and Investor Relations Officer. Kraemer holds a Bachelor of Science degree in Finance from the Fordham University Gabelli School of Business.

About Fulton Financial Corporation
Fulton Financial Corporation, a more than $30 billion Lancaster, Pennsylvania-based financial holding company, has more than 3,500 employees and operates more than 200 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. Additional information on Fulton Financial Corporation can be found at investor.fultonbank.com.

Contact: Lacey Dean
(717) 735-8688

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SOURCE Fulton Financial Corporation

FAQ

Who is the new CFO of Fulton Financial (FULT)?

Richard Kraemer has been appointed as Senior Executive Vice President and Chief Financial Officer of Fulton Financial

When is Fulton Financial's (FULT) Interim CFO Betsy Chivinski retiring?

Betsy Chivinski is retiring from Fulton Financial at the end of 2024.

What are Richard Kraemer's responsibilities as CFO at Fulton Financial (FULT)?

Kraemer will oversee accounting, treasury, corporate development, tax, financial planning and forecasting, investor relations, procurement and real estate.

What was Richard Kraemer's previous experience before joining Fulton Financial (FULT)?

Kraemer served as Chief Banking Officer overseeing commercial markets and previously as Executive Vice President, Deputy CFO & Treasurer at a $60 billion assets company.

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