- Push-out Score determined
- After about six years in the position
- Accolades, praise and good wishes for Ford
- Search for a successor
- Ford said 121 words
(exechange) — Fresno, California, March 8, 2021 — Jim Ford, chief executive of Central Valley, prepares for his departure. As announced by Central Valley Community Bancorp in a news release and in a regulatory filing published on Monday, March 8, 2021, James M. (Jim) Ford is preparing to leave his post as chief executive officer at the parent company of Central Valley Community Bank after about six years in the role, effective in early spring 2022.
Central Valley will undertake a search for a successor.
No reason given
In the announcement, Central Valley did not explicitly explain the reason for Jim Ford’s move, leaving room for speculation.
Precise information regarding Jim Ford’s future plans was not immediately available.
Central Valley said: “The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), a bank holding company headquartered in Fresno, California, and the parent company of Central Valley Community Bank (Bank), joined James M. Ford, President & CEO, to announce his intention to retire in early spring 2022.”
Share price increase since March 2020
The announcement follows an increase in Central Valley Community Bancorp’s share price of 9% since March 2020.
Chaired by Daniel J. Doyle
Daniel J. Doyle serves as Central Valley Community Bancorp’s Chairman.
Doyle joined Central Valley Community Bancorp and Central Valley Community Bank in June of 1998, and served as President and CEO until his retirement in January 2015.
In the position of CEO since 2015
Jim Ford became CEO of the Company in 2015.
Ford became President and Chief Executive Officer of the Company on February 1, 2015, and has served as President of the Bank since February 1, 2014.
Ford previously served as the President and CEO for Premier West Bank and its holding company PremierWest Bancorp, based in Medford, Oregon, until it was acquired by Starbuck Bancshares in April 2013.
Ford served as President of PremierWest Bank beginning in 2006 and was named President and CEO of both PremierWest Bank and Bancorp in 2009.
He was appointed as a member of the Boards of Directors of both the Company and the Bank effective as of February 1, 2015.
Ford is a graduate of the Banking and Finance program from Pacific Coast Banking School.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Jim Ford’s move on a scale of 0 to 10.
exechange reached out to Central Valley and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 11.2021 ($).