First Merchants Board Chair Charles E. Schalliol Retires, Appoints Jean L. Wojtowicz As New Board Chair, Effective May 7, 2024
Portfolio Pulse from Benzinga Newsdesk
First Merchants Corporation announced the appointment of Jean L. Wojtowicz as the new Chair of the Board of Directors for both First Merchants Corporation and First Merchants Bank, effective May 7, 2024. She succeeds Charles E. Schalliol, who is retiring after 17 years in the role. Wojtowicz, with 20 years on the board and a background in financial management as the founder and President of Cambridge Capital Management Corporation, is set to focus on navigating the financial landscape to ensure long-term stability and growth for stakeholders.
May 08, 2024 | 2:03 pm
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Jean L. Wojtowicz's appointment as Chair of the Board for First Merchants Corporation and Bank signals a continued focus on growth and stability, leveraging her extensive experience in financial management.
Leadership changes in major financial institutions like First Merchants Corporation often signal strategic shifts or a reinforcement of successful strategies. Wojtowicz's long tenure on the board and her background in financial management suggest a positive outlook for FRME's strategic direction, potentially boosting investor confidence and positively impacting the stock in the short term.
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