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FULTON FINANCIAL CORPORATION NAMES RICK KRAEMER AS CHIEF FINANCIAL OFFICER DESIGNEE

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Fulton Financial (NASDAQ: FULT) has announced Richard Kraemer as its new Senior Executive Vice President and Chief Financial Officer Designee. Kraemer will join Fulton on September 3, 2024, and take over as CFO in the fourth quarter, replacing Interim CFO Betsy Chivinski, who will retire at year-end.

Kraemer brings over 20 years of financial services experience, most recently serving as Chief Banking Officer overseeing commercial markets at another bank. He will oversee accounting, treasury, corporate development, tax, financial planning and forecasting, and investor relations at Fulton. CEO Curt Myers expressed confidence in Kraemer's ability to lead as CFO, citing his proven track record in commercial business, corporate finance, and developing strategies to improve profitability.

Fulton Financial (NASDAQ: FULT) ha annunciato Richard Kraemer come nuovo Senior Executive Vice President e Chief Financial Officer Designato. Kraemer si unirà a Fulton il 3 settembre 2024 e assumerà il ruolo di CFO nel quarto trimestre, sostituendo l'Interim CFO Betsy Chivinski, che andrà in pensione a fine anno.

Kraemer porta con sé oltre 20 anni di esperienza nel settore dei servizi finanziari, avendo recentemente ricoperto il ruolo di Chief Banking Officer, supervisando i mercati commerciali in un'altra banca. Si occuperà di contabilità, tesoreria, sviluppo aziendale, fiscalità, pianificazione e previsione finanziaria, e relazioni con gli investitori presso Fulton. Il CEO Curt Myers ha espresso fiducia nella capacità di Kraemer di guidare come CFO, citando il suo comprovato successo nel business commerciale, nella finanza aziendale e nello sviluppo di strategie per migliorare la redditività.

Fulton Financial (NASDAQ: FULT) ha anunciado a Richard Kraemer como su nuevo Vicepresidente Ejecutivo Senior y Chief Financial Officer Designado. Kraemer se unirá a Fulton el 3 de septiembre de 2024 y asumirá el cargo de CFO en el cuarto trimestre, reemplazando a la CFO Interina Betsy Chivinski, quien se retirará a fin de año.

Kraemer aporta más de 20 años de experiencia en servicios financieros, habiendo servido más recientemente como Chief Banking Officer, supervisando mercados comerciales en otro banco. Supervisará contabilidad, tesorería, desarrollo corporativo, impuestos, planificación y pronóstico financiero, y relaciones con inversionistas en Fulton. El CEO Curt Myers expresó confianza en la capacidad de Kraemer para liderar como CFO, citando su historial comprobado en negocios comerciales, finanzas corporativas y desarrollo de estrategias para mejorar la rentabilidad.

풀튼 파이낸셜(NASDAQ: FULT)은 리차드 크레이머를 새로운 수석 부사장 겸 최고재무책임자(CFO) 지명자로 발표했습니다. 크레이머는 2024년 9월 3일 풀튼에 합류하며, 4분기에는 CFO로 취임하여 임시 CFO인 베시 치빈스키를 대신하게 됩니다. 치빈스키는 연말에 은퇴할 예정입니다.

크레이머는 20년 이상의 금융 서비스 경험을 보유하고 있으며, 가장 최근에는 다른 은행에서 상업 시장을 담당하는 Chief Banking Officer로 근무했습니다. 그는 풀튼에서 회계, 재무, 기업 개발, 세무, 재무 계획 및 예측, 투자자 관계를 감독할 것입니다. CEO 커트 마이어스는 크레이머가 CFO로서 리더십을 발휘할 수 있을 것이라고 확신하며, 그가 상업 비즈니스, 기업 재무 분야에서 입증된 실적과 수익성 개선을 위한 전략 개발에 대한 능력을 언급했습니다.

Fulton Financial (NASDAQ: FULT) a annoncé Richard Kraemer comme nouveau Vice-Président Exécutif Senior et CFO désigné. Kraemer rejoindra Fulton le 3 septembre 2024 et prendra ses fonctions de CFO au quatrième trimestre, remplaçant l'Interim CFO Betsy Chivinski, qui prendra sa retraite à la fin de l'année.

Kraemer apporte plus de 20 ans d'expérience dans les services financiers, ayant dernièrement occupé le poste de Chief Banking Officer supervisant les marchés commerciaux dans une autre banque. Il sera responsable de la comptabilité, de la trésorerie, du développement d'entreprise, de la fiscalité, de la planification et des prévisions financières, ainsi que des relations avec les investisseurs chez Fulton. Le PDG Curt Myers a exprimé sa confiance dans la capacité de Kraemer à diriger en tant que CFO, en citant son bilan éprouvé dans le secteur commercial, la finance d'entreprise et le développement de stratégies pour améliorer la rentabilité.

Fulton Financial (NASDAQ: FULT) hat Richard Kraemer als neuen Senior Executive Vice President und designierten Chief Financial Officer (CFO) bekannt gegeben. Kraemer wird am 3. September 2024 zu Fulton stoßen und im vierten Quartal die CFO-Position übernehmen, um Interim CFO Betsy Chivinski zu ersetzen, die zum Jahresende in den Ruhestand geht.

Kraemer bringt mehr als 20 Jahre Erfahrung im Finanzdienstleistungssektor mit, zuletzt war er als Chief Banking Officer tätig und überwachte die kommerziellen Märkte einer anderen Bank. Er wird bei Fulton Buchhaltung, Treasury, Unternehmensentwicklung, Steuern, Finanzplanung und -prognose sowie Investorenbeziehungen leiten. CEO Curt Myers äußerte Vertrauen in Kraemers Fähigkeiten als CFO und verwies auf seine nachweisliche Erfolgsbilanz im Bereich des Handelsgeschäfts, der Unternehmensfinanzierung und der Entwicklung von Strategien zur Verbesserung der Rentabilität.

Positive
  • Appointment of experienced financial services professional Richard Kraemer as CFO Designee
  • Kraemer brings over 20 years of industry experience, including leadership roles in commercial banking and corporate finance
  • Smooth transition plan with Kraemer joining in September and taking over as CFO in Q4 2024
Negative
  • None.

LANCASTER, Pa., July 23, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ: FULT) today announced that Richard Kraemer is joining Fulton as Senior Executive Vice President and Chief Financial Officer Designee. In the fourth quarter of 2024, Rick will become Fulton's Chief Financial Officer ("CFO"), replacing Interim CFO Betsy Chivinski, who will retire 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 CEO Curt Myers. "She's been an integral part of this company's success. We greatly appreciate all of her contributions over the years and wish her well in retirement."

Kraemer will join Fulton on September 3, 2024, and will oversee accounting, treasury, corporate development, tax, financial planning and forecasting, and investor relations. He also will be responsible for advising the Office of the CEO and the board of directors on all financial matters.

"I'm confident Rick is the right person to serve as our next Chief Financial Officer," said Myers. "He has a proven track record of leading a commercial line of business, overseeing corporate finance functions and developing enterprise strategies to improve profitability."

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, Pa.-based financial holding company, has more than 3,500 employees and operates more than 200 financial centers in Pennsylvania, New York, 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 Designee for Fulton Financial (FULT)?

Richard Kraemer has been named as the new Senior Executive Vice President and Chief Financial Officer Designee for Fulton Financial (NASDAQ: FULT).

When will Richard Kraemer become the CFO of Fulton Financial (FULT)?

Richard Kraemer will become Fulton Financial 's Chief Financial Officer in the fourth quarter of 2024.

What is Richard Kraemer's background before joining Fulton Financial (FULT)?

Richard Kraemer has over 20 years of experience in the financial services industry, most recently serving as Chief Banking Officer overseeing commercial markets for another bank. He has also held roles as Executive Vice President, Deputy Chief Financial Officer & Treasurer.

Who is Richard Kraemer replacing as CFO at Fulton Financial (FULT)?

Richard Kraemer will replace Interim CFO Betsy Chivinski, who will retire from Fulton Financial at the end of 2024.

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