- Push-out Score determined
- After around eight years in the position
- Accolades for Bradshaw
- Search for a successor
- Bradshaw said 80 words
(exechange) — Tulsa, Oklahoma, April 5, 2021 — Steven Bradshaw, chief executive of BOK Financial, leaves. As announced by BOK Financial Corp. in a news release and in a regulatory filing published on Monday, April 5, 2021, Steven G. Bradshaw leaves his post as chief executive officer at the financial services company after around eight years in the role, effective March 31, 2022.
BOK Financial will undertake a search for a successor.
Long goodbye
It is a long goodbye. The announcement of Steven Bradshaw’s move comes up to 12 months prior to his planned departure from the post of CEO.
In general, a top executive who announces the departure particularly early may be considered a lame duck.
Lengthy lead times give boards extra time to find replacements, and they also create uncertainty. Would-be successors may jockey for attention and workers may wonder who is actually in charge.
Generally speaking, lame-duck leaders can take a forceful role in selecting a successor and are not expected to launch major shifts.
“The right time to step away”
Steven Bradshaw’s departure from the CEO post is explained as follows. Bradshaw said: “I can truly say that this is the right time to step away, as the company is performing exceptionally well – despite the challenges of the past year – and the executive team is highly skilled and cohesive.”
Precise information regarding Steven Bradshaw’s future plans was not immediately available.
“Retire”
BOK Financial said: “BOK Financial CEO and President Steven G. Bradshaw has announced plans to retire as of March 31, 2022.”
BOK Financial further said: “On March 31, 2021, BOK Financial Corporation Chief Executive Officer and President Steven G. Bradshaw announced his plans to retire as of March 31, 2022.”
Share price increase since April 2016
The announcement follows an increase in BOK Financial Corp.’s share price of 68% since April 2016.
Chaired by George B. Kaiser
George B. Kaiser serves as BOK Financial Corp.’s Chairman.
George B. Kaiser serves as Chairman of the Board and majority shareholder of BOK Financial Corporation.
In the position of CEO since 2014
Steven Bradshaw became CEO of the Company in 2014.
Bradshaw became the Chief Executive Officer of the Company in January 2014 after previously serving in a number of roles after joining the Company in 1991.
Most recently he served as Senior Executive Vice President and was responsible for all aspects of consumer banking, corporate marketing, mortgage banking, investment securities, trust activities, treasury services, international banking, community development and Community Reinvestment Act responsibilities for all seven banking divisions within the Company.
He also served as chairman of the Company’s broker-dealer subsidiary, BOK Financial Securities, Inc.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Steven Bradshaw’s move on a scale of 0 to 10.
exechange reached out to BOK Financial and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 15.2021 ($).