- After around 13 years on the job
- Laud, praise, thanks and good wishes for Ritter
(management-change.com) — Gettysburg, Pennsylvania, January 26, 2017 — Thomas Ritter, chief executive of ACNB, hands over the reins. As announced by ACNB Corporation in a news release and in a regulatory filing published on Thursday, January 26, 2017, Thomas A. Ritter leaves the post as Chief Executive Officer at the financial holding company after around 13 years on the job, effective May 05, 2017.
It is the end of an era.
Ritter’s duties are taken over by James P. Helt, currently President at ACNB Bank.
ACNB said: “On January 24, 2017, Thomas A. Ritter, President & Chief Executive Officer of ACNB Corporation … and Chief Executive Officer of its wholly-owned subsidiary, ACNB Bank …, announced his retirement effective the close of business on May 5, 2017.”
Precise information about the future plans of Ritter was not immediately available.
Share price rise since February 2009
The change follows a rise in the share price of ACNB Corporation since February 2009.
Chaired by Frank Elsner, III
ACNB Corporation is chaired by Frank Elsner, III.
Elsner is Chairman of the Board of the Corporation and ACNB Bank. He has been a member of both the Corporation’s and ACNB Bank’s Boards of Directors since 2002, and also served as Vice Chairman of both Boards of Directors from 2007 until 2013.
On the job as CEO since 2003
Ritter was appointed President of ACNB Corporation and President & Chief Executive Officer of ACNB Bank on January 1, 2001.
Effective December 31, 2003, he was also designated as ACNB Corporation’s Chief Executive Officer.
Ritter was President of ACNB Bank from January 1, 2001, until September 1, 2015.
On September 1, 2015, he relinquished his position as President of ACNB Bank with the appointment of his successor, James P. Helt, as part of ACNB Corporation’s and ACNB Bank’s long-term strategic succession planning process.
Following retirement as an executive officer of the Corporation and Bank, he will continue to serve as a Director of both ACNB Corporation and ACNB Bank.
Read the full story in the management-change.com report 05.2017 ($).