Provident Financial Says Craig Blunden, Chairman And CEO, Is Retiring From His Management Positions As CEO And The Bank Effective January 1, 2024; Donavon P. Ternes To Be Appointed President And CEO
Portfolio Pulse from Benzinga Newsdesk
Provident Financial has announced that its Chairman and CEO, Craig Blunden, will retire from his management positions as CEO and the Bank effective January 1, 2024. Donavon P. Ternes will be appointed as the new President and CEO. Post retirement, Blunden will transition to a non-executive Chairman of the Board role.
October 25, 2023 | 9:00 pm
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Provident Financial's CEO, Craig Blunden, is retiring and will be replaced by Donavon P. Ternes. Blunden will become non-executive Chairman of the Board post retirement.
CEO changes can cause uncertainty in the market, potentially impacting the company's stock price. However, the fact that the new CEO has been announced and the current CEO will remain as non-executive Chairman may mitigate some of this uncertainty.
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