Heritage Financial Corporation Appoints Eric K. Chan to its Board of Directors

Rhea-AI Summary

Heritage Financial Corporation (Nasdaq: HFWA) has appointed Eric K. Chan to its Board of Directors, effective January 1, 2023. Mr. Chan, the Chief Financial Officer of the Los Angeles Clippers since 2018, brings extensive financial and operational expertise to the board. His previous roles include CFO positions at The Bouqs Company and Loot Crate, along with senior executive positions at Mattel and Cisco Systems. Board Chair Brian L. Vance highlighted Chan's business acumen as a valuable addition for the company.

Positive

• Eric Chan brings significant financial and operational expertise.
• His leadership experience could enhance the company's strategic direction.

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• None.

OLYMPIA, Wash., Dec. 21, 2022 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (Nasdaq: HFWA) is pleased to announce the appointment of Eric K. Chan to its Board of Directors. Mr. Chan was also appointed to the Board of Directors of Heritage's wholly-owned subsidiary, Heritage Bank. The appointment is effective January 1, 2023.

"We are pleased to welcome Eric to our board of directors," said Brian L. Vance, Board Chair. "Eric brings the depth of finance and operational experience we were searching for along with extensive executive leadership experience. Eric's background and business acumen will add valuable expertise to our board."

Mr. Chan has been the Chief Financial Officer for the Los Angeles Clippers since 2018. Prior to his current role, Mr. Chan was the Chief Financial Officer for The Bouqs Company and Loot Crate from 2015 to 2018. Mr. Chan also served as Senior Vice President and Divisional Chief Financial Officer with Mattel, Inc. from 2009 to 2015. Mr. Chan also served in various executive roles during his time at Cisco Systems, Inc. from 2004 to 2009.

Mr. Chan earned a Bachelor of Science in Business Administration from the University of California, Berkeley, where he graduated with high honors and a Master of Business Administration from Harvard Business School. Mr. Chan resides in Los Angeles, CA and serves as President of the El Segundo Economic Development Corporation, a non-profit 501(c)3 he started in 2020.

About Heritage
Heritage Financial Corporation is an Olympia-based bank holding company with Heritage Bank, a full-service commercial bank, as its sole wholly-owned banking subsidiary. Heritage Bank has a branching network of 50 banking offices in Washington and Oregon. Heritage Bank also does business under the Whidbey Island Bank name on Whidbey Island. Heritage's stock is traded on the NASDAQ Global Select Market under the symbol "HFWA." More information about Heritage Financial Corporation can be found on its website at www.hf-wa.com and more information about Heritage Bank can be found on its website at www.heritagebanknw.com.

 

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SOURCE Heritage Financial Corporation

FAQ

Who is Eric K. Chan and what is his background?

Eric K. Chan is the newly appointed board member of Heritage Financial Corporation, with previous leadership roles including CFO for the Los Angeles Clippers and The Bouqs Company.

What date is Eric K. Chan's appointment effective?

Eric K. Chan's appointment to the board is effective on January 1, 2023.

How might Eric K. Chan's appointment impact Heritage Financial Corporation?

Eric K. Chan's extensive financial expertise and leadership experience may strengthen the strategic direction and governance of Heritage Financial Corporation.

What are Eric K. Chan's qualifications?

Eric K. Chan holds a Bachelor of Science in Business Administration from UC Berkeley and an MBA from Harvard Business School.