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Executive pay packages have long been structured to reflect performance. But one key task that often gets short shrift from bank directors and CEOs is succession planning. Now pressure is mounting for that to change.
May 13 -
Donald Shamey, president and chief executive at NexTier Bank in Butler, Pa. will retire in July after 40 years at the helm.
June 5
Cambridge Bancorp in Boston is
Roller, who has been Cambridge's CEO since 2003, plans to retire in mid-2015, the $1.5 billion-asset company said in a press release Tuesday. "The legacy I hope to leave is one that fosters what makes this organization specialtrue community partnerships and a place where employees want to come to work every day," Roller said in the release.
Cambridge's board will form a search committee to oversee the transition process. The company has
