Huntington Bancshares Announces Retirement Of Paul Heller, Chief Technology & Operations Officer, Effective March 1, 2024
Portfolio Pulse from Benzinga Newsdesk
Huntington Bancshares Incorporated (NASDAQ:HBAN) announced the retirement of Paul Heller, Chief Technology and Operations Officer, effective March 1, 2024. Heller has been with Huntington since 2012 and has significantly contributed to the company's technology and operations. Amit Dhingra, Kendall Kowalski, and Prashant Nateri have been named to the bank's executive leadership team in conjunction with Heller's retirement. All three have extensive experience in the industry and have been with Huntington for several years.
January 10, 2024 | 9:40 pm
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NEUTRAL IMPACT
Paul Heller's retirement as Chief Technology and Operations Officer of Huntington Bancshares may lead to changes in the company's technology and operations strategy. The appointment of Dhingra, Kowalski, and Nateri to the executive leadership team could bring fresh perspectives and continuity in leadership.
Executive retirements and appointments are common in corporate governance and do not typically result in immediate stock price movements. However, the new appointments could indicate a continued or refreshed focus on technology and operations, which may influence investor sentiment. The impact is likely to be neutral in the short term as the market absorbs the news and assesses the new leadership's potential.
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