LANCASTER, Pa., July 23,
2024 /PRNewswire/ -- Fulton Financial
Corporation ("Fulton") (NASDAQ:
FULT) today announced that Richard
Kraemer is joining Fulton
as Senior Executive Vice President and Chief Financial Officer
Designee. In the fourth quarter of 2024, Rick will become
Fulton's Chief Financial Officer
("CFO"), replacing Interim CFO Betsy
Chivinski, who will retire from Fulton at the end of the year.
"I would like to thank Betsy
Chivinski for her many years of service to Fulton," said Chairman and CEO Curt Myers. "She's been an integral part of this
company's success. We greatly appreciate all of her contributions
over the years and wish her well in retirement."
Kraemer will join Fulton on
September 3, 2024, and will oversee
accounting, treasury, corporate development, tax, financial
planning and forecasting, and investor relations. He also will be
responsible for advising the Office of the CEO and the board of
directors on all financial matters.
"I'm confident Rick is the right person to serve as our next
Chief Financial Officer," said Myers. "He has a proven track record
of leading a commercial line of business, overseeing
corporate finance functions and developing enterprise
strategies to improve profitability."
Kraemer has more than 20 years in the financial services
industry, having most recently served as Chief Banking Officer
overseeing commercial markets for another bank. In that role, he
had profit and loss responsibility for the bank's commercial
business. Prior to that, he served as Executive Vice President,
Deputy Chief Financial Officer & Treasurer. In that role, he
was responsible for leading all aspects of corporate treasury and
corporate finance for the more than $60
billion in assets company. Previously, he also served as
Executive Vice President, Chief Financial Services Officer; and
Head of Corporate Finance, Corporate Development and Investor
Relations Officer. Kraemer holds a Bachelor of Science degree in
Finance from the Fordham University
Gabelli School of Business.
About Fulton Financial Corporation
Fulton Financial
Corporation, a more than $30 billion
Lancaster, Pa.-based financial
holding company, has more than 3,500 employees and operates more
than 200 financial centers in Pennsylvania, New
York, New Jersey,
Maryland, Delaware and Virginia through Fulton Bank, N.A. Additional
information on Fulton Financial Corporation can be found at
investor.fultonbank.com.
Contact: Lacey Dean
(717) 735-8688
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SOURCE Fulton Financial Corporation