Texas Capital Bancshares CFO Peter Bartholow leaves post at short notice

  • Signs for push-out forces
  • After almost 14 years on the job
  • Laud and praise for Bartholow
  • Julie Anderson taking over
  • Bartholow said 59 words

(exechange) — Dallas, Texas, May 30, 2017 — This news came the day after Memorial Day. Peter Bartholow, finance chief of Texas Capital Bancshares, leaves. It is a change at short notice. As announced by Texas Capital Bancshares, Inc. in a news release on Tuesday, May 30, 2017, Peter Bartholow leaves the post as Chief Financial Officer at the bank holding company after almost 14 years on the job, effective July 01, 2017.

It is the end of an era.

Bartholow leaves the company effective December 31, 2017.

Bartholow’s duties are taken over by Julie Anderson, currently Chief Financial Officer at Texas Capital Bank.

“A natural progression of our well-developed succession planning process”

The imminent management change is explained as follows. Keith Cargill, President and CEO, said: “Peter and Julie have worked together for many years and today’s announcement is a natural progression of our well-developed succession planning process.”

Precise information about the future plans of Bartholow was not immediately available.

“Retire”

Texas Capital Bancshares said: “Peter Bartholow, Chief Financial Officer and Chief Operating Officer of the parent company, will retire at the end of 2017.”

Share price decline

The change follows a decline in the share price of Texas Capital Bancshares, Inc. since February 2017.

CEO: Keith Cargill

Keith Cargill serves as CEO of Texas Capital Bancshares, Inc. Keith Cargill has been the Chief Executive Officer and President of Texas Capital Bancshares, Inc. since January 01, 2014.

On the job as CFO since 2003

Peter B. Bartholow has been the Chief Operating Officer and Chief Financial Officer of Texas Capital Bancshares, Inc. since January 2014 and October 09, 2003 respectively and also served as its Executive Vice President and Secretary.

Peter Bartholow is an experienced banking and finance executive who brings extensive knowledge and experience to his executive responsibilities as Chief Financial Officer of Texas Capital Bancshares, Inc., and Chief Operating Officer of Texas Capital Bank.

He also is a member of the boards of directors of Texas Capital Bancshares, Inc., and Texas Capital Bank.

Before joining the bank, he was managing partner for almost five years with a Dallas-based private equity firm.

For three years, he was vice president of corporate finance at EDS where he also served on the board of directors at A.T. Kearney, the management consulting subsidiary of EDS.

Prior to joining EDS, Bartholow was Chief Financial Officer at First USA, Inc., and served in a number of capacities with MCorp, a Texas-based banking organization.

During his 20-year career at MCorp, he rose to Chief Financial Officer, Group Chairman and finally Chairman of the Board, President and Chief Executive Officer.

A native Texan, Bartholow holds an MBA from The University of Texas and BA in economics from Vanderbilt University.

Bartholow will remain COO and a member of the board of directors until his retirement.

Signs for push-out forces

It is not completely certain what forces eventually triggered Peter Bartholow’s imminent move.

The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.

Read the full story in the exechange report 23.2017 ($).