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Glacier Bancorp Inc (GBCI.OQ)

GBCI.OQ on NASDAQ Stock Exchange Global Select Market

38.76USD
15 Dec 2017
Change (% chg)

$1.11 (+2.95%)
Prev Close
$37.65
Open
$37.78
Day's High
$39.15
Day's Low
$37.74
Volume
665,188
Avg. Vol
135,913
52-wk High
$41.14
52-wk Low
$31.38

Summary

Name Age Since Current Position

Dallas Herron

72 2014 Independent Chairman of the Board

Randall Chesler

58 2016 President, Chief Executive Officer, Director

Ronald Copher

59 2017 Chief Financial Officer, Executive Vice President, Corporate Secretary

Don Chery

54 2007 Chief Administrative Officer, Executive Vice President

Michael Blodnick

64 2017 Director

Sherry Cladouhos

61 2010 Independent Director

James English

72 2004 Independent Director

Annie Goodwin

58 2012 Independent Director

Craig Langel

66 2005 Independent Director

Douglas McBride

64 2006 Independent Director

John Murdoch

74 2005 Independent Director

Mark Semmens

57 2016 Independent Director

George Sutton

2017 Independent Director

Biographies

Name Description

Dallas Herron

Mr. Dallas I. Herron is an Independent Chairman of the Board of Glacier Bancorp, Inc., since June 2008. He was appointed to the Board in June 2008 and has served as its Chairman since the 2013 annual meeting. Prior to his appointment to the Glacier Board in 2008, Mr. Herron was a director of Glacier Bank and served from 1998 through 2008. He received his Bachelor of Science degree in aeronautical engineering from Northrop University in 1966. Mr. Herron has worked in the oil industry for over 40 years and is the CEO of CityServiceValcon, LLC, which markets petroleum products in Montana, Idaho, Washington, and ten other states. He is a past President of the Western Petroleum Marketing Association, a seven-state trade association. He serves on Chevron’s Western U.S. Advisory Council and has also served as Senior Director of the Petroleum Marketer Association of America. Mr. Herron is active in the community and in the forest products and transportation industries. Mr. Herron brings to the Board over 30 years of experience as a business executive in the energy sector, which is also a regulated business.

Randall Chesler

Mr. Randall M. (Randy) Chesler is President, Chief Executive Officer and Director of the Company. He was elected to the Board at the Company’s 2016 annual meeting. From August 1, 2015 to December 31, 2016, Mr. Chesler served as President of Glacier Bank. Effective January 1, 2017, Mr. Chesler serves as President and CEO of each of Glacier and Glacier Bank. Mr. Chesler has more than 30 years of experience in the financial services industry, most recently as President of CIT Bank, the Salt Lake City-based banking subsidiary of CIT Group. During his 10 years with CIT, Mr. Chesler held progressive leadership positions including President, Small Business Lending and President, Consumer Finance. Mr. Chesler brings to the Board broad experience in a variety of aspects of the banking and technology industries as well as proven leadership skills.

Ronald Copher

Mr. Ronald J. Copher is Chief Financial Officer, Executive Vice President, Corporate Secretary of the Company. Mr. Copher served as EVP and CFO; Treasurer and Assistant Secretary in 2016. Effective January 1, 2017, Glacier separated the CFO and Treasurer roles.

Don Chery

Mr. Don J. Chery is Chief Administrative Officer, Executive Vice President of Glacier Bancorp, Inc., since August 27, 2007. Prior to that date, Mr. Chery had served for seven years as President of one of Glacier’s subsidiary banks, Big Sky Western Bank. Mr. Chery also serves as a director of the following Glacier subsidiaries: Big Sky Western Bank and Glacier Bank.

Michael Blodnick

Mr. Michael J. Blodnick is no longer Director of the Company effective December 31, 2017. He was Vice Chairman of the Board of the Company. He was appointed to the Board in 1993. He is a graduate of the University of Montana, the Pacific Coast Banking School and the Sheshunoff Professional Master of Banking School. He has broad experience having worked in all aspects of banking during his career. Mr. Blodnick retired from his role as President and CEO of the Company on December 31, 2016 after serving the Company or Glacier Bank since September of 1978. He served as the Secretary of the Company in 1993 and was appointed Executive Vice President in 1994. In July of 1998, he was appointed President and CEO of Glacier. Mr. Blodnick brings leadership skills, his long career in the banking industry, and his 39 years of experience at Glacier, which enable him to collaborate with the Board in its deliberations on a wide variety of topics. Mr. Blodnick has served on the board of directors of the Federal Home Loan Bank of Des Moines, which is an Exchange Act company, since April 2015 and was elected its Vice Chairman in October 2016.

Sherry Cladouhos

Ms. Sherry Leigh Cladouhos is an Independent Director of Glacier Bancorp, Inc., since October 2010. She was appointed to the Board in October 2010. She has served as Chairman of the Compensation Committee since July 2015 and served as the Chairman of the Compliance Committee from May 2013 to July 2015. She was employed by Blue Cross Blue Shield Montana for 36 years and served in a variety of leadership and executive roles, including Director of Customer Service and Administration, Vice President of Member Services and Support, Senior Vice President of Marketing and Operations, Co-Chief Operating Officer, and in 2005 was named President and CEO. She was responsible for the overall strategic direction of the company and worked with others to provide affordable healthcare coverage to Montanans. Ms. Cladouhos is a Certified Health Insurance Executive and is a graduate of the Berkeley Healthcare Executive Program. Ms. Cladouhos also has served on the boards of numerous business and community-related organizations, she is past Chairman of the Montana Chamber of Commerce, and she served on the Montana Chamber of Commerce Foundation. Ms. Cladouhos brings extensive experience in executive-level leadership and strategic business decision making to the Board.

James English

Mr. James M. English is an Independent Director of Glacier Bancorp, Inc., since February 2004. He was appointed to the Board in February 2004 and has served as Chairman of the Nominating/Governance Committee since July 2013. He also served as a director of the Company’s former subsidiary, Mountain West Bank in Coeur d’Alene, Idaho, from 1996 until the consolidation of Glacier’s bank subsidiaries in 2012. He earned a Bachelor of Science degree in finance and a law degree from the University of Idaho. From 1996 to 2000, Mr. English served as the President and Chief Operating Officer for Idaho Forest Industries, Inc., a lumber manufacturing, real estate development and building products retail sales company. Mr. English has been an attorney in limited private practice as a sole practitioner of the English Law Firm in Hayden, Idaho since 2000. He is a partner in Great Sky Development of Boise, Idaho and serves on the board of RGB Holdings, Inc. Mr. English brings experience and expertise to the Board based on a legal career of over 40 years and experience as a business executive.

Annie Goodwin

Ms. Annie M. Goodwin is an Independent Director of Glacier Bancorp, Inc., since June 27, 2012. She was appointed to the Board in June 2012 and has served as Chairman of the Risk Oversight Committee since July 2012. Ms. Goodwin is an attorney in Helena, Montana and is the principal of the Goodwin Law Office, L.L.C. She practices banking and regulatory law. She served as Montana’s Commissioner of Banking and Financial Institutions from 2001 to 2010, as chief legal counsel with the Montana Banking and Financial Institutions Division and Department of Commerce from 1988 to 2001 and worked in private practice prior to that time. Ms. Goodwin earned her Bachelor of Science in nursing from Carroll College and worked as a registered nurse before going on to earn her Juris Doctor from the University of Montana Law School in 1984. She continued her legal education at Hastings College of Law, George Mason University of Law in the Banking Law Section, and she completed the FDIC Bank Examination School for Attorneys. Ms. Goodwin is active in local and trade associations and was appointed to the Commission on Character and Fitness of Attorney Admissions to State Bar of the Montana Supreme Court where she has served as Chairman since 1988. Ms. Goodwin brings to the Board her expertise and knowledge gained in her role as Commissioner where she had regulatory oversight over the financial institutions in Montana.

Craig Langel

Mr. Craig A. Langel is an Independent Director of Glacier Bancorp, Inc., since December 2005. He was appointed to the Board in September 2006 and has served as Chairman of the Compliance Committee since July 2015. Dr. McBride has been an optometrist in Billings for over 30 years. He received his Bachelor of Arts degree at Linfield College and his Doctor of Optometry degree at the Illinois College of Optometry in 1978. Dr. McBride is a former President of the Montana State Board of Examiners for Optometry, of which he has been a member since 1993. He is also the former Chairman of the Advisory Board for TLC Laser Eye Center in Billings and is the former administrator for the State of Montana for Vision Source, an optometric franchise. He is a past President of the Montana Optometric Association. Dr. McBride also served as a director of the Company’s former subsidiary Western Security Bank, serving from 2003 until the consolidation of Glacier’s bank subsidiaries in 2012. Dr. McBride’s expertise in the healthcare community is valuable to the Board and allows him to provide insight into the Company’s healthcare and medical benefit issues, as well as the healthcare industry in general.

Douglas McBride

Dr. Douglas J. McBride is an Independent Director of Glacier Bancorp, Inc., since September 2006. He was appointed to the Board in September 2006 and has served as Chairman of the Compliance Committee since July 2015. Dr. McBride has been an optometrist in Billings for over 30 years. He received his Bachelor of Arts degree at Linfield College and his Doctor of Optometry degree at the Illinois College of Optometry in 1978. Dr. McBride is a former President of the Montana State Board of Examiners for Optometry, of which he has been a member since 1993. He is also the former Chairman of the Advisory Board for TLC Laser Eye Center in Billings and is the former administrator for the State of Montana for Vision Source, an optometric franchise. He is a past President of the Montana Optometric Association. Dr. McBride also served as a director of the Company’s former subsidiary Western Security Bank, serving from 2003 until the consolidation of Glacier’s bank subsidiaries in 2012. Dr. McBride’s expertise in the healthcare community is valuable to the Board and allows him to provide insight into the Company’s healthcare and medical benefit issues, as well as the healthcare industry in general.

John Murdoch

Mr. John W. Murdoch is an Independent Director of Glacier Bancorp, Inc., since September 2005. He was appointed to the Board in September 2005. Mr. Murdoch graduated from Doane College with a Bachelor of Arts degree in 1964. He worked in the ranch and home supply industry for over 40 years. Since 1994, he has been an owner of Murdoch’s Ranch & Home Supply, LLC, a ranch and home retail operation, and served as its President from its founding until 2006 when he sold a majority ownership to key employees. As President, he coordinated the efforts required to run a 1,700 employee, multi-location, multi-state retail operation including the oversight of purchasing, marketing, human resources, distribution and accounting. Mr. Murdoch served as a director of the Company’s former subsidiary Big Sky Western Bank from December 2002 to February 2010, and he served on the Montana State University Foundation board in 2009 and 2010. He currently serves as a director for Bozeman Deaconess Hospital. Mr. Murdoch was also President of Mid-States Distributing Co., Inc. in 1990 and then again in 2006 and 2007. Mid-States is a buying cooperative for farm supply stores with over 500 stores and $3 billion in retail sales annually.

Mark Semmens

Mr. Mark J. Semmens is Independent Director of Glacier Bancorp, Inc., since January 2016. He was appointed to the Board in January 2016. At the end of 2015, Mr. Semmens retired from his position as a Managing Director of Investment Banking at D.A. Davidson & Co., a full-service investment firm based in Great Falls, Montana. Mr. Semmens joined D.A. Davidson & Co. in 1985, founded the firm’s investment banking practice, and served on the firm’s Management Committee, Executive Committee, and Board of Directors. Mr. Semmens served as the lead investment banking advisor to Glacier for 25 years, advising Glacier on approximately 20 acquisitions and four capital raises. He also has an extensive background in higher education, having served as a board member (and in the latter two cases, Chairman) of the Montana Board of Regents, the Montana Higher Education Student Assistance Corporation, and the Carroll College Board of Trustees. Mr. Semmens is a graduate of Carroll College with degrees in business administration and finance. In addition to broad experience and expertise in the financial services and financial institutions industries generally, Mr. Semmens brings to the Board historical knowledge of the Company and the business environment in which it operates.

George Sutton

Mr. George R. Sutton is Independent Director of the company. He is an attorney and Of Counsel to the Salt Lake City-based law firm Jones Waldo Holbrook & McDonough where he has practiced since March of 2008. Mr. Sutton served as the Utah Commissioner of Financial Institutions from 1987 to 1992, where he was responsible for regulating all state-chartered depository institutions and all consumer financial services providers in Utah. Since 1993, Mr. Sutton has specialized in bank regulation. He assists clients with new bank and other regulatory applications, provides compliance reviews of products and services, and advises boards and management on regulation and corporate governance matters. From July 2009 to December 2016, Mr. Sutton served as a member of the board of directors of Synchrony Bank (previously named GE Capital Retail Bank). Synchrony Bank is a federal savings bank with assets in excess of $73.6 billion and is a wholly owned subsidiary of Synchrony Financial, which is traded on the NYSE under the symbol "SYF." Mr. Sutton was an independent director and a member of the Audit and Compensation Committees. Mr. Sutton completed his undergraduate studies and his Juris Doctor at the University of Utah.

Basic Compensation

Name Fiscal Year Total

Dallas Herron

82,340

Randall Chesler

809,633

Ronald Copher

752,599

Don Chery

628,364

Michael Blodnick

1,798,300

Sherry Cladouhos

70,853

James English

85,217

Annie Goodwin

65,017

Craig Langel

65,017

Douglas McBride

90,521

John Murdoch

71,171

Mark Semmens

58,017

George Sutton

--
As Of  31 Dec 2016