Nicolet CEO Bob Atwell leaves his post

  • Push-out Score determined
  • After 19 years in the position
  • Praise for Atwell
  • Mike Daniels taking over
  • Atwell will remain as Executive Chairman at Nicolet
  • Atwell said 78 words

(exechange) — Green Bay, Wisconsin, April 26, 2021 — Bob Atwell, chief executive of Nicolet, leaves his position. As announced by Nicolet Bankshares Inc. in a news release and in a regulatory filing published on Monday, April 26, 2021, Robert B. (Bob) Atwell leaves his post as chief executive officer at the bank holding company of Nicolet National Bank after 19 years in the role, effective immediately.

It is the end of an era.

Bob Atwell’s duties as CEO will be taken over by Michael E. (Mike) Daniels, most recently Executive Vice President and Secretary at Nicolet Bankshares Inc.

“The time has come”

Bob Atwell’s departure from the CEO post is explained as follows. Atwell said: “The time has come to put the right title on the job that Mike is already doing.”

Atwell will remain as Executive Chairman at Nicolet

“Nicolet Bankshares, Inc. (NASDAQ: NCBS) (“Nicolet”) today announced a change in the titles of certain of its Executive Officers. Mike Daniels was named President and Chief Executive Officer, and Bob Atwell was named Executive Chairman of Nicolet, effective immediately,” Nicolet said.

Nicolet said: “On April 20, 2021, the Board of Directors of Nicolet Bankshares, Inc. (“Nicolet”) named Mike Daniels as President and Chief Executive Officer and Bob Atwell as Executive Chairman.”

Share price increase since April 2016

The announcement follows an increase in Nicolet Bankshares Inc.’s share price of 109% since April 2016.

In the position of CEO since 2002

Bob Atwell became CEO of the Company in 2002.

At the operating company, Nicolet National Bank, Atwell will continue as Chairman, and Daniels will continue as President and Chief Executive Officer, a leadership structure that has been in place since 2015.

Robert B. Atwell has served as Chairman, President, and Chief Executive Officer of the Company since its formation in 2002 and beginning April 29, 2016, Chairman of Nicolet Bank.

From 2000 to April 29, 2016, Atwell served as Chairman and Chief Executive Officer of Nicolet Bank.

Push-out Score determined

The Push-out Score™ determined by exechange gauges the pressure surrounding Bob Atwell’s move on a scale of 0 to 10.

Read the full story in the exechange report 18.2021 ($).