Mid Penn Bancorp, Inc. Announces Appointment of New Board Member

Rhea-AI Summary

Mid Penn Bancorp (NASDAQ: MPB) has appointed Mr. Bruce A. Kiefer to its Board of Directors, effective March 10, 2023. Mr. Kiefer brings extensive experience from his long tenure at The Hershey Company, where he has managed various scientific and managerial roles. He oversees critical systems in his current position and holds a bachelor’s degree in chemistry and a master’s degree in food science. The company's leadership expressed confidence in Mr. Kiefer's abilities to enhance the board, given his professional credentials and community involvement. Mid Penn Bancorp operates in 17 counties in Pennsylvania, with total assets exceeding $4.5 billion.

Positive

• Appointment of Bruce A. Kiefer to the Board may bring fresh perspectives and expertise.
• Kiefer's extensive industry experience could strengthen the Board's strategic decision-making.

Negative

• None.

HARRISBURG, Pa., March 14, 2023 (GLOBE NEWSWIRE) -- Mid Penn Bancorp, Inc. (Mid Penn) (NASDAQ: MPB), headquartered in Harrisburg, Pennsylvania, is pleased to announce the appointment of Mr. Bruce A. Kiefer to its Board of Directors, effective March 10, 2023.

Mr. Kiefer has worked as a chemist at The Hershey Company since 1984, holding various scientific and managerial roles within the company. In this capacity, Mr. Kiefer oversees the Laboratory Information Management System database and serves as the company’s Chemical Hygiene Officer. He is also a managing partner of Lawrence Keister & Co.

Mid Penn Chair, President, and CEO Rory G. Ritrievi stated, “We are delighted to welcome Bruce to our Board of Directors. I am confident that his professional credentials combined with his active community involvement will make a tremendous impact on our Board.” 

Mr. Kiefer earned a bachelor’s degree in chemistry from Dickinson College and a master’s degree in food science from The Pennsylvania State University. He is a founding member of the Pedal for Goodness charitable bicycle ride that benefits Children’s Miracle Network. Mr. Kiefer has served as the treasurer on the Keystone Section of the Institute of Food Technologists for more than 25 years and is a member of the Scholarship Committee. Additionally, he has served as the treasurer of the Food Industry Group Food Science Alumni Association for more than 20 years. Mr. Kiefer is an avid cyclist and volunteers his time tutoring high school students in math and science. He resides in Hershey, PA, with his wife and daughter.

Regarding his appointment, Mr. Kiefer said, “It is an honor to join the Board of a thriving organization with a genuine commitment to its communities. I look forward to working with the leadership team of Mid Penn and bringing my unique perspective to the Board.”

About Mid Penn Bancorp, Inc.
Mid Penn Bancorp Inc. (NASDAQ: MPB), headquartered in Harrisburg, Pennsylvania, is the parent company of Mid Penn Bank, a full-service commercial bank, and MPB Financial Services Group, LLC, a provider of specialized investment strategies, insurance, and planning services to individuals, families, and businesses.  Mid Penn operates retail locations in 17 counties throughout the Commonwealth of Pennsylvania, has total assets in excess of $4.5 billion, and offers a comprehensive portfolio of financial products and services to the communities it serves. To learn more, please visit www.midpennbank.com.

FAQ

Who is Bruce A. Kiefer and what is his role at Mid Penn Bancorp?

Bruce A. Kiefer has been appointed to the Board of Directors of Mid Penn Bancorp, effective March 10, 2023. He has worked at The Hershey Company since 1984 in various scientific and managerial roles.

What experience does Bruce A. Kiefer bring to Mid Penn Bancorp's Board?

Kiefer brings over 39 years of experience at The Hershey Company, overseeing critical systems and holding leadership roles, which may enhance the company's strategic direction.

When was Bruce A. Kiefer appointed to the Board of Mid Penn Bancorp?

Bruce A. Kiefer was appointed to the Board of Mid Penn Bancorp on March 10, 2023.

What is the significance of Bruce A. Kiefer's appointment for Mid Penn Bancorp?

Kiefer's appointment is seen as a positive move that could lead to enhanced governance and strategic insights due to his extensive experience in the food industry.