After filling its last open executive post last month, City Holding Co. in Charleston, W. Va., is facing two new vacancies in its management ranks.
Robert A. Henson, chief financial officer and acting chief executive officer of $2.7 billion-asset City Holding, left March 31, and executive vice president Matthew B. Call is to step down at the end of April.
"They worked long and diligently during the past several months, and they are tired," Philip L. McLaughlin, chairman of City Holding's board, said in an interview Friday. "Both of them want to take some time off to relax and then move on with their careers."
After 13 years with the company, Mr. Henson became acting CEO last June, when Steven J. Day resigned after 10 years in that post. After Mr. Day left, the Office of the Comptroller of the Currency ordered City Holding to clean up its loan portfolio.
In January it reported a 2000 loss of $38.4 million.
In February, Gerald R. Francis was named chief executive officer, but he cannot take office until the OCC approves the appointment. Mr. McLaughlin said Friday that he expected this approval "momentarily."
During the search for a new chief financial officer, City Holding employees will share CFO duties, Mr. McLaughlin said. He added that he expected Mr. Francis - who was president of Peoples Bank and Trust Co. in Indianapolis until Fifth Third Bancorp acquired it in November 1999 - to "bring some of his own team on board" to fill the new vacancies.
