Several banks are combining the roles of chairman and CEO heading in 2023.
Sandy Spring Bancorp in Olney, Md.; Burke & Herbert Financial Services in Alexandria, Va.; and Synovus Financial in Columbus, Ga., are among the companies that announced moves that will take place on Jan. 1.
The $13.9 billion-asset Sandy Spring said that Daniel Schrider, its president and CEO, would succeed Robert Orndorff as chairman. Orndorff will remain on the board as its lead independent director.
The $3.5 billion-asset Burke & Herbert announced that David Boyle, its president and CEO, would replace E. Hunt Burke as chairman. 1. Burke will remain on the company’s board and will continue to serve as bank’s chairman.
Finally, the $59 billion-asset Synovus said that Kevin Blair would succeed Kessel Stelling as chairman. Blair is the company’s president and CEO. Stelling, who is retiring from the board, will remain an advisor until 2025.