Columbia Banking System will promote Clint Stein to CEO
Clint Stein will succeed Hadley Robbins as CEO of Columbia Banking System in Tacoma, Wash., at year-end.
The $13.1 billion-asset company said Monday that Robbins, 62, will retire on Dec. 31 and immediately be replaced by Stein, 47, the company's chief operating officer.
Craig Eerkes, Columbia's chairman, said the transition to Stein is the result of a planned, multiyear succession process that included Stein's move from chief financial officer to COO in 2017. Stein has been with the company since 2005.
Stein said he worked closely with an earlier CEO, Melanie Dressel, for more than a decade and with Robbins for the past seven years. "I look forward to building on their legacy and the tremendous foundation they established," Stein said in a press release.
Robbins had been CEO since he succeeded Dressel after her unexpected death in February 2017.
"Columbia's future is very bright, and I am pleased to be passing the torch to a leader who is equally passionate about the success of our company and deeply committed to our people, our clients and our communities," Robbins said in the release.
Robbins has been with the company for nearly seven years and has spent almost 40 years in banking.
Chris Merrywell, Columbia's chief consumer banking officer, will succeed Stein as COO.