Washington Federal Announces Board Chairman Appointment
October 23 2018 - 1:00PM
Business Wire
Washington Federal, Inc. (NASDAQ: WAFD) today announced the
completion of its succession plan by appointing Thomas J. Kelley as
Chairman of the Board of Directors. Mr. Kelley has been serving on
the Board as Vice Chairman since March of this year. He also
currently serves as Chair of the Audit Committee and as a member of
the Executive Committee and the Nominating & Governance
Committee. Kelley has been a member of the Board of Directors since
2005.
As announced in March of this year, Mr. Kelley’s appointment
coincides with the planned retirement of Roy M. Whitehead from the
role of Chairman. He will retire from the Board on December 31,
2018. Mr. Whitehead has been serving as Executive Chairman since
April 1, 2017 when he retired as Chief Executive Officer of
Washington Federal after 17 years. “Roy Whitehead has been an
outstanding, highly respected leader at Washington Federal and
throughout the banking industry. His years of successful
stewardship have resulted in building one of the strongest banks in
America with a solid future,“ said Chairman Kelley.
President and Chief Executive Officer Brent Beardall echoes that
praise saying, “Mr. Whitehead is the finest banker I have ever
known. He always worked to put the well-being of the bank, its
shareholders and employees first. His goal was to leave the bank in
a stronger position than he found it when he arrived in 1998.
Thanks to his efforts, today Washington Federal is producing record
operating results and has a balance sheet that is well positioned
for future growth.”
Mr. Kelley’s career has been spent largely in public accounting,
centered on audit and consulting engagements with financial
services firms. From 1997 to 2002, he was a managing partner of
Arthur Andersen, overseeing nine offices in Eastern Europe. After
retiring from public accounting, he taught in the Accounting
department at Seattle University from 2002 to 2012.
Washington Federal, Inc. is the parent company of Washington
Federal N.A., a national bank that provides consumer and commercial
deposit accounts, financing for small to middle market businesses,
commercial and residential real estate, including consumer
mortgages, home equity lines of credit and insurance products
through a subsidiary. Established in 1917, the company operates 236
branches in Washington, Oregon, Idaho, Utah, Arizona, Texas, Nevada
and New Mexico. It has been publicly traded since 1982.
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version on businesswire.com: https://www.businesswire.com/news/home/20181023005916/en/
Washington Federal, Inc.Brad Goode,
206-626-8178Brad.Goode@wafd.com
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