- Push-out Score determined
- After 15 years in the position
- Praise and thanks for Getz
- Brian Fetterolf taking over
- Getz will remain as executive chairman at TriState Capital
- Getz said 118 words
(exechange) — Pittsburgh, Pennsylvania, December 1, 2021 — Jim Getz, chief executive of TriState Capital, leaves his position. As announced by TriState Capital Holdings Inc. in a news release and in a regulatory filing published on Wednesday, December 1, 2021, James F. (Jim) Getz leaves his post as chief executive officer at the bank holding company, after 15 years in the role, effective January 1, 2022.
It is the end of an era.
Jim Getz’s duties as CEO will be taken over by Brian S. Fetterolf, currently president and chief executive officer at TriState Capital Bank.
It is a generational change as well. Brian Fetterolf is about 24 years younger than Jim Getz.
“Brian has earned our complete confidence”
Jim Getz’s departure from the CEO post is explained as follows. Getz said: “Developing one of our own to assume the day-to-day leadership of this organization has long been a top priority for myself and the Board, and over the last 12 years Brian has earned our complete confidence, as he and the entire management team of highly experienced financial services and public company executives take what we’ve created to the next level of success, for the benefit of our clients, shareholders and employees.”
Getz will remain as executive chairman at TriState Capital
“The Board of Directors of TriState Capital Holdings, Inc. (Nasdaq: TSC) announced its decision to name James F. Getz executive chairman and appoint Brian S. Fetterolf to serve as the company’s president and chief executive officer, effective January 1, 2022,” TriState Capital said.
“Vacate that position”
TriState Capital said: “TriState Capital Holdings, Inc. (the “Company”) announced that, effective January 1, 2022, the Company’s President and Chief Executive Officer, James F. Getz, will vacate that position which will be filled by Brian S. Fetterolf, in accordance with the Company’s established executive succession plan.”
Share price increase since December 2018
The announcement follows an increase in TriState Capital Holdings Inc.’s share price of 21% since December 2018.
In the position of CEO since 2007
Jim Getz became CEO of the Company in 2007.
Getz has served as chairman, president and CEO of TriState Capital since he founded the company in 2007.
As executive chairman, he will continue to lead the Board of directors and support strategic business development activities for the company’s bank and investment management businesses.
Getz will also continue to serve as chairman of the company’s TriState Capital Bank and Chartwell Investment Partners subsidiaries.
Getz is the founder of the Company and has served as Chairman, President, Chief Executive Officer and director of the Company since its inception.
He also serves as Chairman and member of the Board of Directors of TriState Capital Bank and Chartwell Investment Partners, LLC (“Chartwell”), and as a director of Chartwell TSC Securities Corp.
He has held multiple senior positions with Federated Investors, Inc., including as a director of that company and as President of Federated Securities Corporation.
He also served as President and director of Federated Bank & Trust Company.
A graduate of King’s College (and a prior member of the board of directors of that institution), Getz holds a master’s degree from Villanova University.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Jim Getz’s move on a scale of 0 to 10.
exechange reached out to TriState Capital and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 49.2021 ($).