Fulton Financial Chairman and CEO Philip Wenger plans to retire at the end of the year and will be succeeded by the Lancaster, Pennsylvania, company’s chief operating officer.
Curtis Myers, Fulton Financial's president, will take over as chairman and chief executive on Jan. 1, 2023, it said Wednesday.
Wenger has been CEO of the $26 billion-asset company since 2013. He joined Fulton in 1979, starting out in corporate lending.
“I have spent all of my banking career at Fulton, and it has been a privilege to work for such an exceptional company and with such a talented team,” Wenger said in a press release. “I’m very proud of all that we have accomplished together.”
After stepping down from the chief executive role, Wenger intends to continue serving as a director of the corporation and its banking subsidiary, the company said.
Myers has worked with Wenger for more than three decades. He joined Fulton Bank in 1990, starting in commercial banking before working his way up.
Myers is currently chairman and chief executive of Fulton Bank, and he will retain those roles, as well as his position as president of the holding company, following the transition, according to the press release.
Myers praised Wenger as a decisive leader in both good and challenging times.
“His principled approach to doing what is right and his focus on shaping our company culture — particularly through the lens of diversity, equity, and inclusion — have left a legacy that will last for many years to come,” Myers said in the press release.
Fulton Financial, which operates in Pennsylvania, Maryland, Delaware, New Jersey and Virginia, has increased in size by nearly two-thirds since Wenger took over as CEO more than nine years ago.
The company announced its
