Kearny Financial Corp. Names Chief Operating Officer and Chief Financial Officer

Rhea-AI Summary

Kearny Financial Corp. (NASDAQ: KRNY) has announced two key promotions effective July 1, 2024. Keith Suchodolski has been promoted to Senior Executive Vice President and Chief Operating Officer, expanding his responsibilities to include retail & business banking, human resources, marketing, corporate finance, and corporate administration. Suchodolski has been with the company since 2013 and previously served as Chief Financial Officer since July 2018. Concurrently, Sean Byrnes has been promoted to Executive Vice President and Chief Financial Officer. Byrnes, who joined the company in September 2020 as Chief Accounting Officer and has been the Deputy Chief Financial Officer, will now oversee all aspects of corporate finance. CEO Craig L. Montanaro expressed confidence in their abilities to contribute to the company's strategic vision and goals.

Positive

• Promotion of experienced internal candidates to key executive roles.
• Keith Suchodolski's expanded role in strategic oversight, including retail & business banking, human resources, marketing, corporate finance, and corporate administration.
• Sean Byrnes' promotion to Chief Financial Officer, emphasizing internal growth and continuity.
• Company's commitment to leveraging experienced leaders for strategic vision and long-term goals.

Negative

• None.

FAIRFIELD, N.J., June 20, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company for Kearny Bank (the “Bank”), announced today that the Board of Directors promoted Keith Suchodolski to Senior Executive Vice President and Chief Operating Officer, effective July 1, 2024. Mr. Suchodolski has held progressive leadership roles within the Company since 2013, most recently serving as Chief Financial Officer since July 2018. In his new role, Mr. Suchodolski’s range of responsibilities will broaden to include strategic oversight of retail & business banking, human resources, marketing, corporate finance and corporate administration.

Craig L. Montanaro, President and Chief Executive Officer said, “Keith is an accomplished leader with a track record of success throughout his time with the Company. His knowledge and experience will play a critical role in shaping and implementing the Company’s strategic vision in the years ahead.”

Concurrently, Sean Byrnes has been promoted to Executive Vice President and Chief Financial Officer, effective July 1, 2024. Mr. Byrnes, a Certified Public Accountant and CFA charterholder, joined the Bank in September 2020 as Chief Accounting Officer and currently holds the position of Deputy Chief Financial Officer. In his new role as the Company's senior financial leader, Mr. Byrnes will be responsible for all aspects of corporate finance and will partner with the Company’s senior leadership team to execute on the Company’s short- and long-term strategic goals.

Mr. Montanaro added, “I am pleased to congratulate Keith and Sean on their respective promotions, and I look forward to continuing to work closely with them. We are fortunate to have such talented leaders within the Company to take on these critical roles.”

About Kearny Financial Corp.
Kearny Financial Corp. is the parent company of Kearny Bank which operates from its administrative headquarters in Fairfield, New Jersey, and a total of 43 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York. At March 31, 2024, Kearny Financial Corp. had approximately $7.8 billion in total assets.

Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

For further information contact:
Craig L. Montanaro, President and Chief Executive Officer, or
Keith Suchodolski, Senior Executive Vice President and Chief Financial Officer
Kearny Financial Corp.
(973) 244-4500

FAQ

Who is the new Chief Operating Officer of Kearny Financial?

Keith Suchodolski has been promoted to Chief Operating Officer, effective July 1, 2024.

When will the new promotions at Kearny Financial take effect?

The promotions will take effect on July 1, 2024.

What are Keith Suchodolski's new responsibilities at Kearny Financial?

Keith Suchodolski's new responsibilities include strategic oversight of retail & business banking, human resources, marketing, corporate finance, and corporate administration.

Who is the new Chief Financial Officer of Kearny Financial?

Sean Byrnes has been promoted to Chief Financial Officer, effective July 1, 2024.

What role did Sean Byrnes hold before being promoted to CFO at Kearny Financial?

Before his promotion, Sean Byrnes was the Deputy Chief Financial Officer and Chief Accounting Officer at Kearny Financial.