Park National Corporation Appoints Frederic Bertley to Board and to Serve as Member of the Risk Committee, Effective September 1, 2021
August 16, 2021 at 04:16 pm EDT
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On July 26, 2021, upon the recommendation of its Nominating and Corporate Governance Committee, the Board of Directors of Park National Corporation increased the size of the Park Board from twelve directors to thirteen directors, thereby creating one vacancy on the Park Board, and elected Dr. Frederic Bertley to the Park Board to fill that vacancy. Dr. Bertley was elected to serve in the class of directors of Park whose terms are to expire at the 2022 Annual Meeting of Shareholders of Park. Dr. Bertley’s election will be effective September 1, 2021. On July 26, 2021, the Board of Directors of The Park National Bank, Park's national bank subsidiary, also elected Dr. Bertley as a director on that Board of Directors, also to be effective September 1, 2021. Effective August 16, 2021, the Park Board, upon the recommendation of the Nominating and Corporate Governance Committee, appointed Dr. Bertley to serve as a member of the Risk Committee of the Park Board, with such appointment to be effective September 1, 2021, after Dr. Bertley has become a member of the Park Board. The service of Dr. Bertley on the Risk Committee of the Park Board is to be at the pleasure of the Park Board. The Park Board determined that Dr. Bertley meets all of the applicable requirements for service on the Risk Committee. Bertley currently serves as the President and Chief Executive Officer of the Center of Science and Industry in Columbus, Ohio, a position he has held since January 2, 2017. Prior to his current position, Dr. Bertley served as the Senior Vice President for Science and Education at The Franklin Institute, located in Philadelphia, Pennsylvania, from 2008 to 2016.
Park National Corporation is a financial holding company. The Company's banking operations are conducted through its subsidiary, Park National Bank, a national banking association. The Company's principal business consists of owning and supervising its subsidiaries. Park National Bank engages in the commercial banking and trust business, generally in small and medium population areas in Ohio, North Carolina and South Carolina communities, in addition to operations within the metropolitan areas of Columbus and Cincinnati, Ohio; Charlotte, North Carolina; and Louisville, Kentucky. Park National Bank operates financial service offices in Ohio, Kentucky, North Carolina and South Carolina. Park National Bank delivers financial products and services through its financial service offices and through a network of automated teller machines, as well as telephone and Internet-based banking through both personal computers and mobile devices, including ParkDirect, a mobile bank experience.