Camden Nationwide Company appoints Griffiths as CEO successor
CAMDEN – The Board of Administrators of Camden Nationwide Company (NASDAQ: CAC) and its wholly owned subsidiary, Camden Nationwide Financial institution (collectively, “Camden Nationwide” or the “Financial institution”), introduced the appointment of Simon Griffiths, 50, because the successor to present President and Chief Govt Officer Gregory Dufour, 63, efficient Dec. 31.
Griffiths will be part of Camden Nationwide on or round Nov. 20 as govt vp/chief working officer. He’ll grow to be president and CEO of Camden Nationwide, in addition to a member of the board of administrators of every group, efficient Jan. 1, 2024. Dufour will stay with Camden Nationwide as an advisor for a number of months following his retirement.
“It’s a nice privilege for me to affix Camden Nationwide throughout a time that holds nice alternative for development with a corporation so deeply rooted within the communities it serves,” stated Griffiths. “I’m dedicated to sustaining the award-winning tradition and customer support fostered throughout Greg’s distinguished management. I stay up for working intently with Greg, alongside an impressive management crew, board of administrators, and staff who’re all devoted to delivering for purchasers, communities, and shareholders.”
Griffiths most lately served as govt vp — head of Core Banking at Residents Financial institution, managing the retail and enterprise banking channels, together with almost 1,100 branches, industrial actual property, deposit and checking enterprise, and new market enlargement. He joined Residents Financial institution in 2015 from Santander Financial institution, the place he served as govt vp, managing director Retail Community. Griffiths began his banking profession at Washington Mutual Financial institution in 2002, which was acquired by JP Morgan Chase in 2008, incomes a Six Sigma Black Belt and rising swiftly by way of the financial institution over his 12-year tenure, gaining important management duties in operations and gross sales and repair, with rising market supervisor management.
Griffiths acquired his bachelor of legal guidelines on the College of Sheffield in England. He grew to become a board member of Spend money on Women in 2019, which merged with the Council for Financial Training, the place he now serves on the Spend money on Women Program Advisory Committee and actively volunteers with Minds Matter. Griffiths, who has a seasonal house in Hancock County, will relocate along with his household to Maine to affix Camden Nationwide.
“It has been an honor to function Camden Nationwide’s President and CEO,” stated Dufour. “In my 22 years with Camden Nationwide, I’ve been lucky to work with a fantastic crew of fellow staff and our board of administrators in serving our clients, communities, shareholders, and one another. I’m delighted that our board of administrators has chosen a successor with deep expertise and dedication to information the Financial institution into the long run. I stay up for working intently with Simon and the manager crew to make sure a clean transition.”
Dufour joined Camden Nationwide as senior vp of finance in 2001 earlier than being named president of Camden Nationwide Financial institution in 2004 and president and CEO of Camden Nationwide Company on Jan. 1, 2009. Beneath his management, Camden Nationwide Financial institution has grown complete property from simply over $2 billion to $5.7 billion and strategically expanded all through Maine with over 57 banking facilities and three mortgage manufacturing workplaces situated in Massachusetts and New Hampshire. Through the years, Dufour has served Camden Nationwide’s communities as a member of the Board of Trustees of Coastal Healthcare Alliance and MaineHealth, the place he served as chair of the Board of Trustees from 2020 to 2022, and varied different group and trade organizations. He additionally performed a crucial function in establishing Camden Nationwide’s Hope@Residence program offering very important funding to native homeless shelters and spearheading the Financial institution’s Horizons management growth applications.
The appointment of Griffiths is the end result of an in depth CEO succession planning course of led by Lawrence Sterrs, chair of the board of administrators. A particular committee of the Board, comprised of unbiased administrators, oversaw CEO succession planning, assisted by a nationally acknowledged govt recruiting agency.
“On behalf of the Board of Administrators, I wish to thank Greg for his large contributions and for stewarding Camden Nationwide by way of sustainable disciplined development and objective, highlighted by excellent efficiency, superior buyer expertise, and dedication to our communities during the last 20 years,” stated Sterrs. “We stay dedicated to our strategic path and communities. Simon is an distinctive chief and a seasoned banker with a historical past of delivering outcomes by way of a powerful deal with operational excellence, expertise growth, and digital transformation. We’re additionally delighted that Simon has firsthand data of our native communities.”
