Merchants Bancorp (NASDAQ:MBIN), a prominent banking institution, announced today that its Executive Vice President and Chief Financial Officer, John F. Macke, has decided to retire. Macke will remain in his current position to facilitate a smooth transition until his departure, which will take place on or before September 30, 2024.
The decision for retirement was made voluntarily by Macke and is not due to any disagreements with the company's leadership, operations, or practices. The announcement signifies the end of Macke's tenure with Merchants Bancorp, where he has played a significant role in the company's financial management.
Merchants Bancorp has initiated the process of finding a successor for Macke. The company aims to ensure continuity in its financial leadership and maintain the same level of expertise and oversight. Investors and stakeholders of Merchants Bancorp can expect the company to follow a structured approach to the transition, with Macke assisting in the process until a new CFO is appointed.
The search for a new CFO will be conducted thoroughly, considering internal and external candidates to find an individual who aligns with the company's strategic goals and values. Merchants Bancorp's commitment to a seamless transition reflects its dedication to strong corporate governance and financial stewardship.
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