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First Interstate BancSystem Inc (FIBK.OQ)

FIBK.OQ on NASDAQ Stock Exchange Global Select Market

35.75USD
29 Oct 2020
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Summary

Name Age Since Current Position

David Jahnke

66 2020 Independent Chairman of the Board

Kevin Riley

60 2015 President, Chief Executive Officer, Director

Marcy Mutch

60 2018 Chief Financial Officer, Executive Vice President

Jodi Hubbell

54 2018 Chief Operating Officer, Executive Vice President

Kade Peterson

54 2018 Executive Vice President, Chief Information Officer

Philip Gaglia

55 2018 Executive Vice President, Chief Risk Officer

Kirk Jensen

50 2017 Executive Vice President, General Counsel

Russell Lee

64 2020 Executive Vice President, Chief Banking Officer

Renee Newman

50 2020 Executive Vice President, Chief Strategy Officer

John Heyneman

52 2018 Director

James Scott

70 2020 Director

James Scott

43 2015 Director

Jonathan Scott

46 2020 Director

Dana Crandall

55 2014 Independent Director

Dennis Johnson

65 2017 Independent Director

Ross Leckie

62 2009 Independent Director

Patricia Moss

66 2017 Independent Director

Biographies

Name Description

David Jahnke

Mr. David L. Jahnke CPA has been appointed as Independent Chairman of the Board of the Company effective 5/5/2020. In 2010, Mr. Jahnke completed a 35-year career as a partner of KPMG with a focus on global clients, especially in the financial services industry. He currently serves as a Director and Chair of the audit committee to Swiss Re America Holding Corporation and its primary related US operating companies. Mr. Jahnke also serves as a Director, Chair of the audit committee, and member of the compensation committee to Schnitzer Steel Industries, Inc., a NASDAQ-listed company.

Kevin Riley

Mr. Kevin P. Riley serves as President, Chief Executive Officer, Director of the Company. Kevin P. Riley has been President and Chief Executive Officer of First Interstate Bank and a member of the Board of Directors since September 2015. Prior to his current role, Mr. Riley served as an Executive Vice President and the Chief Financial Officer from 2013 to 2015. Mr. Riley leads First Interstate Bank with expertise drawn from more than 33 years of experience in the banking industry. Prior to joining the organization, he was an Executive Vice President and Chief Financial Officer for Berkshire Hills Bancorp in Massachusetts, and he served in various executive-level positions with KeyCorp. Mr. Riley earned a Bachelor of Science in business administration from Northeastern University in Boston, Massachusetts.

Marcy Mutch

Ms. Marcy D. Mutch serves as Chief Financial Officer, Executive Vice President of the Company. Marcy D. Mutch has been Executive Vice President and Chief Financial Officer since September 2015. Prior to her current role, Ms. Mutch served as the Bank’s Investor Relations Officer from 2010 to 2015 and as Vice President of Corporate Tax from 2006 to 2010. Ms. Mutch contributes over 30 years of financial industry experience and expertise to First Interstate. Prior to joining the Bank, she served in tax and finance positions with Citizens Development Company and as a tax manager for Eide Bailly, LLP. She earned a Bachelor of Science in business administration from Montana State University-Billings in Billings, Montana.

Jodi Hubbell

Ms. Jodi Delahunt Hubbell is Chief Operating Officer, Executive Vice President of the Company. Jodi Delahunt Hubbell has been the Company’s Chief Operating Officer since 2018 and Executive Vice President and Chief Banking Officer – West from 2017 to 2018. Ms. Delahunt Hubbell has over 30 years of diverse banking experience, including executive leadership roles in retail, small business, commercial, finance, and risk management. Prior to her employment with the Company, Ms. Delahunt Hubbell was Executive Vice President and Director, Risk Management at Zions Bancorporation in Salt Lake City. Beginning her banking career in 1987 as a management trainee in Portland, Oregon, the vast majority of her extensive experience has been in the western United States, with banks such as The Commerce Bank of Oregon, Zions Bancorporation, U.S. Bancorp, and Centennial Bank. Ms. Delahunt Hubbell earned a bachelor’s degree in Business Administration from the University of Portland, received a Human Resource Management Certificate from Villanova University, and completed Wharton’s RMA Advanced Risk Management program in 2016.

Kade Peterson

Mr. Kade G. Peterson serves as Executive Vice President, Chief Information Officer of the Company. Mr. Peterson has been Executive Vice President and Chief Information Officer since May 2018. Mr. Peterson is responsible for all areas of Information Technology, including business application support, infrastructure, and information security. Mr. Peterson’s experience spans community, regional, and large financial institutions. Mr. Peterson was previously with MidSouth Bank where he was Chief Information Officer and with USAmeriBank in Tampa, FL where he was the Chief Operating Officer. Prior to that Mr. Peterson also spent 14 years at Sterling Financial Corporation, having served as its Operations and Technology Executive. He also held a variety of positions with Zions Bancorporation and BMA Core Systems. Mr. Peterson has over 30 years of diverse banking and technology experience including significant experience in continuous improvement, payment systems, and client experience. Mr. Peterson holds a Bachelor of Science in Finance from Weber State University.

Philip Gaglia

Mr. Philip G. Gaglia is Executive Vice President and Chief Risk Officer of the Company. Philip G. Gaglia has been an Executive Vice President of First Interstate since 2018, a Senior Vice President from 2009 to 2018, and Chief Risk Officer of First Interstate since 2012. Prior to his current position, Mr. Gaglia served as Vice President and General Auditor of First Interstate Bank from 2003 to 2010, in internal audit from 1991 to 2003 and various operations roles from 1989 to 1991. Mr. Gaglia has a Bachelor of Science degree in Business Management from Montana State University - Billings in Billings, Montana and is a graduate of the Pacific Coast Banking School.

Kirk Jensen

Mr. Kirk D. Jensen serves as Executive Vice President, General Counsel of the Company. He has been Executive Vice President and General Counsel of First Interstate since January 2017, and Senior Vice President and General Counsel from 2016 to 2017. Prior to his employment with First Interstate, Mr. Jensen was a partner with the law firm BuckleySandler LLP in Washington, D.C., from 2009 to 2015, and practiced law with firms in Washington, D.C. since 2001. Mr. Jensen clerked for the Honorable Deanell Reece Tacha, Chief Judge of the United States Court of Appeals for the Tenth Circuit, from 2000 to 2001. He earned his Juris Doctor degree from Duke University School of Law in Durham, North Carolina, and his Bachelor of Arts degree in Classical Studies from Brigham Young University in Provo, Utah.

Russell Lee

Mr. Russell A. Lee serves as Executive Vice President, Chief Banking Officer of the Company. Mr. Lee will be leading the retail, commercial, and wealth management teams. Mr. Lee joined the company as an Executive Vice President in August 2018 to lead Special Projects. Prior to this, Mr. Lee was President and CEO of Inland Northwest Bank (INB) until it was acquired by First Interstate. Mr. Lee has over 40 years of community banking experience including serving as President of two other Pacific Northwest community banks prior to INB. Mr. Lee has a Master of Business Administration Degree from Western Washington University as well as an undergraduate degree in Cello Performance from Luther College in Decorah, Iowa.

Renee Newman

Ms. Renee L. Newman serves as Executive Vice President, Chief Strategy Officer of the Company. Ms. Renee L. Newman has been the Company’s Executive Vice President and Chief Strategy Officer since January 2020. Ms. Newman joined First Interstate in October 2017 to lead Wealth Management and Client Experience. In February 2018, the Board appointed her to the role of Chief Banking Officer, in which she was responsible for all client-facing channels. As First Interstate’s first-ever Chief Strategy Officer, she leads the strategic alignment across the Bank’s business lines to ensure that the Bank is well positioned to meet the rapidly changing needs of our clients, wherever and however they bank. Ms. Newman leads the digital, product, and data and analytics teams as well as oversees marketing, communications, and the client contact center — all with a focus on delivering a meaningful and differentiated client experience. Ms. Newman has over 25 years of diverse banking experience, including significant experience in commercial, retail and wealth management. Her experience spans community, regional, and large financial institutions, including Beneficial State Bank, Umpqua, and Wells Fargo. Prior to her employment with the Company, Ms. Newman served as an executive at Beneficial State Bank in Portland, Oregon, where she oversaw community banking and cash management services. Ms. Newman is a graduate of Oregon State University and Pacific Coast Banking School.

John Heyneman

Mr. John M. Heyneman Jr. serves as Director of the Company. is Director of the Company. Mr. John M. Heyneman, Jr. has been a director since May 2018 and was previously a director from 1998 to 2004 and from 2010 to 2016. Mr. Heyneman is based in Sheridan, Wyoming as the Executive Director for the Plank Stewardship Initiative, a nonprofit organization providing technical solutions to ranchers in the Northern Great Plains. Additionally, Mr. Heyneman is Chair of the Padlock Ranch, a diversified cow-calf, farm, and feedlot operation based in Dayton, Wyoming. From 2005 to 2010, Mr. Heyneman was involved in economic development and business recruitment in Sheridan, Wyoming. From 1998 to 2009, Mr. Heyneman managed and worked on large cattle ranches on public, private, and tribal lands in northern Arizona, Utah, Montana, and Wyoming. Mr. Heyneman received a Master of Science Degree from Montana State University, Bozeman and a Bachelor of Arts degree in American Studies from Carleton College. Mr. Heyneman is an N.A.C.D Leadership Fellow and has completed several executive education programs at the Kellogg School of Management, Northwestern University. Mr. Heyneman is the nephew of James R. Scott and the cousin of James R. Scott, Jr., and Jonathan R. Scott. Mr. Heyneman was recommended for Board service by the Scott Family Council.

James Scott

Mr. James R. Scott has been appointed as Director of the Company effective 5/5/2020. Scott has been a director of ours since 1971, the Chairman of the Board since January 2016, the Executive Vice Chairman of the Board from 2012 to January 2016, and the Vice Chairman of the Board from 1990 to 2012. Mr. Scott has served as a director of First Interstate Bank since 2007, serving as Chairman since 2011. Mr. Scott is managing partner of J.S. Investments, Vice President of the Foundation for Community Vitality, board member of First Interstate BancSystem Foundation, and lifetime trustee at Fountain Valley School of Colorado. Mr. Scott also served as Chairman of the Padlock Ranch Corporation from 1999-2017, Homer A. and Mildred S. Scott Foundation from 1990 to 2006, and Chairman of Scott Family Services, Inc. from 2003 to 2012.

James Scott

Mr. James R. Scott Jr. serves as Director of the Company. Mr. Scott served as a Commercial Loan Manager in Ashland, OR from 2017-2019. Prior to his appointment as Commercial Loan Manager, Mr. Scott was a Vice President in the Missoula Commercial Banking group. From 2010 to 2014, Mr. Scott was an analyst in commercial banking with Citywide Banks of Denver, Colorado. Mr. Scott earned a Bachelor of Science degree in Business Administration from the University of Colorado-Leeds School of Business, as well as a MBA and Master of Science in Finance from the University of Denver-Daniels College of Business. Mr. Scott is the son of James R. Scott, and the cousin of John M. Heyneman, Jr. Mr. Scott was recommended for Board membership by the Scott Family Council. Mr. Scott serves on the Technology and Risk Committees.

Jonathan Scott

Mr. Jonathan R. Scott serves as Director of the Company. Mr. Scott was previously a director from 2006 to 2011 and 2013 to 2019. Mr. Scott served as President of the Jackson branch from 2011-2019. Prior to that appointment, Mr. Scott served in various management and other positions within the company, including serving as community development officer of First Interstate Bank from 2008 to 2011, president of FIB CT, LLC, dba Crytech, a related non-bank subsidiary, from 2004 to 2008, and an employee of the Financial Services and Marketing Divisions from 1998 to 2004. Mr. Scott received his Bachelor of Science degree in Economics from the University of Montana.

Dana Crandall

Ms. Dana L. Crandall serves as Independent Director of the Company. Ms. Crandall has over 25 years of experience in executive management and global operations. She has been SVP Customer Experience and Call Center Operations for Comcast, a public company with more than 120,000 employees, since December 2013. Prior to that, Ms. Crandall was a Managing Director and Chief Information Officer of British Telecom from 2009 to 2013, Vice President - Network Strategy and Call Center Operations at Qwest Communications from 2005 to 2009 and served in various other executive-level positions with Qwest Communications from 1992 to 2005. Ms. Crandall received her Bachelor of Science degree in Electrical Engineering from the University of Denver in 1987 and her Master in Business Administration degree from Northwestern University - Kellogg School of Management in 2001.

Dennis Johnson

Mr. Dennis L. Johnson is Independent Director of the Company. Mr. Johnson has been President and Chief Executive Officer of United Heritage Mutual Holding Company since 2001, and United Heritage Financial Group and United Heritage Life Insurance Company, which are insurance, annuity, and financial products companies, since 1999. Mr. Johnson served as President and Chief Executive Officer of United Heritage Financial Services, a broker-dealer, from 1994 to 1998 and served as General Counsel of United Heritage Mutual Holding Company and certain of its affiliates from 1983 to 1999. Mr. Johnson is a former trustee of the Public Employees Retirement System of Idaho and currently serves on the Idaho Citizens’ Committee on Legislative Compensation, appointed by the Idaho Supreme Court. Mr. Johnson also sits on the Board of Directors of IDACORP, Inc. and Idaho Power Company.

Ross Leckie

Mr. Ross E. Leckie serves as Independent Director of the Company. In October 2008, Mr. Leckie completed a 27-year career as a partner with KPMG. During that time, his focus was on public companies and financial services clients. Commencing in 2000, Mr. Leckie was based in Frankfurt, Germany, ultimately serving as KPMG's Global Lead Partner for a global investment/universal bank and as a Senior Technical and Quality Review Partner for a global investment/universal bank based in Zurich, Switzerland. After retiring from KPMG, Mr. Leckie continued to provide advisory services on a selective basis for global and domestic financial services companies including Allianz, a global financial services group based in Munich, Germany. In 2011, he joined Allianz in Munich full time, taking on consultative and quality assurance roles in the office of the Chief Financial Officer. After returning to the U.S. in late 2013, he has continued to serve Allianz in Munich on a part-time basis. Additionally, in 2012 and 2013, Mr. Leckie served as Deputy-Chair of the Board and Audit Committee Chair of Allianz Bank Bulgaria.

Patricia Moss

Ms. Patricia L. Moss serves as Independent Director of the Company. Ms. Moss served as Chief Executive Officer of Bank of the Cascades and President and Chief Executive Officer of Cascade from 1998 to 2012. She currently serves as a Director of MDU Resources, Inc., the Oregon Investment Council and funds within the Aquila Group of Funds. Ms. Moss is a former board member of Clear One Health Plans, the Oregon Growth Board and has served on various community boards, including Central Oregon Community College, Oregon State University Cascades Campus and St. Charles Medical Center.

Basic Compensation

Name Fiscal Year Total

David Jahnke

147,486

Kevin Riley

2,534,370

Marcy Mutch

971,682

Jodi Hubbell

920,366

Kade Peterson

--

Philip Gaglia

605,200

Kirk Jensen

678,315

Russell Lee

--

Renee Newman

--

John Heyneman

91,868

James Scott

259,986

James Scott

182,832

Jonathan Scott

606,761

Dana Crandall

107,493

Dennis Johnson

106,243

Ross Leckie

114,056

Patricia Moss

108,118
As Of  31 Dec 2019