Roger Dick, President & Chief Executive Officer of Uwharrie Capital Corp, announced the planned retirement of Brendan P. Duffey, Chief Operating Officer of Uwharrie Capital Corp. and President & CEO of Uwharrie Bank. Mr. Duffey will be retiring effective January 2, 2020. Mr. Duffey, who joined the company in 2004, holds various C-suite positions with the company and bank. As part of the company’s succession plan, R. David Beaver, III will assume Duffey’s responsibilities as President of Uwharrie Bank and as Chief Risk Officer of Uwharrie Capital Corp. Mr. Beaver began his banking career at Uwharrie Capital Corp. in June 2005, most recently serving as Chief Financial Officer of Uwharrie Capital Corp. and Uwharrie Bank. Over Mr. Beaver’s 14-year tenure with Uwharrie, he has served as Assistant Vice President/Asset Liability Manager, and Vice President/Controller & Treasurer before assuming his current role in 2013. Also as part of the succession plan for Duffey, Jason Andrew, Senior Vice President/eBanking at Uwharrie, will assume a new position in the holding company as Executive Vice President/Chief Information Officer upon Duffey’s retirement. Mr. Andrew joined the company in 2003 working part-time while completing his BS in Business Administration.