Park National Corporation welcomes Kelly Gratz and Karen Morrison to Board of Directors
Park National (NYSE American: PRK) announced the election of Karen Morrison and Kelly Gratz to its board of directors, effective July 1, 2024. Morrison, president of the OhioHealth Foundation, and Gratz, CEO of G2O, will also join The Park National Bank's board. Their addition expands Park's board to 16 directors. Morrison has over 30 years of experience in healthcare and extensive nonprofit board service. Gratz has over 35 years in executive roles across various industries. Both bring valuable expertise to Park as it continues to grow and serve stakeholders.
- The election of Karen Morrison and Kelly Gratz brings experienced leadership to Park's board.
- Kelly Gratz has over 35 years of executive experience in technology, healthcare, and pharmaceuticals.
- Karen Morrison has over 30 years of experience at OhioHealth, focusing on community relations and health equity.
- Park National has $9.9 billion in total assets as of March 31, 2024.
- Morrison and Gratz will also join The Park National Bank's board, enhancing strategic oversight.
- Expansion of the board to 16 directors could lead to increased administrative costs.
- Potential risk if the new directors' strategies do not align with current business operations.
- Karen Morrison's and Kelly Gratz's directorships have different term expiration dates, which may cause transitional challenges.
NEWARK, Ohio, May 21, 2024 (GLOBE NEWSWIRE) -- Park National Corporation’s (NYSE American: PRK) (Park) board of directors announced today that they elected Karen Morrison and Kelly Gratz to serve as directors effective July 1, 2024. Both will also join the board of directors of The Park National Bank, Park’s banking subsidiary, effective on the same date. These elections expand Park’s board to 16 directors, including one director emeritus.
“Karen and Kelly bring wisdom and a variety of experiences to Park,” said Park Chair and Chief Executive Officer David Trautman. “We’re fortunate they are willing to offer their considerable talents to us as we continue to grow and find new ways to serve our stakeholders.”
Kelly Gratz is the chief executive officer of G2O, a customer experience transformation company that helps businesses solve problems by using technology, data and analytics, products and talent. She has more than 35 years of experience serving as an executive leader in the technology, healthcare and pharmaceutical industries.
“I am thrilled to join Park’s board of directors, it is a profound honor,” said Gratz. “I deeply appreciate the organization’s values, steadfast commitment to integrity and personal approach to connecting with associates and customers.”
Gratz has been a member of the Healthcare Women’s Business Association’s (HBA) advisory board (Ohio chapter), and the vice chair on Marburn Academy’s board of trustees. She was named Rising Star by the HBA in 2008 and recognized in PharmaVoice Top 100 in 2012.
Gratz earned a bachelor’s degree from the University of Dayton.
Karen Morrison serves as president of the OhioHealth Foundation and senior vice president of OhioHealth Corporation. She has been with OhioHealth for over 30 years and currently leads the enterprise strategy for external affairs including community relations, corporate reinvestment, health equity and government affairs. In her role as foundation president Morrison oversees philanthropy for the enterprise.
“I am humbled by the opportunity to serve as a director for Park and eager to bring fresh perspectives to the table,” said Morrison. “I look forward to contributing to Park’s continued success and finding meaningful ways to further its impact.”
Morrison serves on the board of Greif, Inc. (NYSE: GEF), and has extensive nonprofit board service. She is a member of the National Association of Corporate Directors, Women Corporate Directors, the Executive Leadership Council and The Links, Inc. Morrison was honored in the inaugural class of Columbus Business First’s “Women of Influence” and received its first “Businesswoman of the Year” award. She was also named to the 2023 list of “Directors to Watch” by Directors & Boards Magazine.
She earned a bachelor’s degree from Vanderbilt University, a graduate degree in preventive medicine from The Ohio State University College of Medicine and Public Health and juris doctor from Capital University.
“Karen and Kelly’s successes in leading companies across different industries are a true testament to their skillsets,” said Donna Alvarado, Chair of the Nominating and Corporate Governance Committee for Park’s board of directors. “Their proven leadership and dedication seamlessly align with our mission and vision. I look forward to tapping into their wealth of knowledge to help us navigate what the future holds.”
Morrison will serve in the class of directors whose terms expire on the date of Park’s annual meeting of shareholders in 2026. Gratz’s term will expire on the date of Park’s annual meeting of shareholders in 2027. They will both serve as members of the board’s Risk Committee.
Headquartered in Newark, Ohio, Park National Corporation has
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/24be3698-a24b-426d-98dd-8f30cdcbe984
https://www.globenewswire.com/NewsRoom/AttachmentNg/9453a6e8-598e-4295-9483-5c99ab8be800
FAQ
When will Karen Morrison and Kelly Gratz join Park National 's board?
What is the stock symbol for Park National ?
How many directors will be on Park National 's board after the new elections?
What are the roles of Karen Morrison and Kelly Gratz in their respective companies?
How much in total assets does Park National have as of March 31, 2024?
