[August 03, 2015] |
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Great Western Bancorp, Inc. Announces New Appointments to Board of Directors, Former FDIC Chairman Andrew C. "Skip" Hove Jr. Elected Chair
Great
Western Bancorp, Inc. (GWB),
the parent company of Great Western Bank (www.greatwesternbank.com),
announced today the appointments of Jim Spies, Steve Lacy and Thomas
Henning to its Board of Directors and the appointment of current
Director, Andrew C. "Skip" Hove Jr., former Chairman of the Federal
Deposit Insurance Corp., as Chairman of its Board of Directors.
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Andrew C. "Skip" Hove Jr. (Photo: Great Western Bancorp, Inc.)
The appointments coincide with the resignations of Richard Sawers,
Nathan Butler, Rolfe Lakin and Swati Dave, each of whom served on GWB's
board as National Australia Bank Limited (NAB) appointed directors
pursuant to the Stockholder Agreement entered into between the Company
and NAB on October 20, 2014. The resignations correspond with the
complete divestiture by NAB of its stock holding in GWB. The Board
expects to fill the final vacancy during this quarter.
"We want to thank Richard, Nathan, Rolfe and Swati, for their service
and commitment to the Board," said Great Western Bancorp, Inc. President
and Chief Executive Officer Ken Karels. "They've provided invaluable
guiance and we are grateful for their oversight. Our new appointments
reflect a more independent Board."
Andrew C. "Skip" Hove Jr.
Andrew "Skip" Hove, Chairman, has been a director since July 2014 and
has served on the board of directors of Great Western Bank since 2001.
Prior to his appointment to the FDIC, Hove was an executive for 30 years
at Minden Exchange Bank & Trust, a community bank in Minden, Nebraska.
He is a director of the Federal Home Loan Bank of Topeka and an advisory
director at Promontory Financial Group, Washington, DC. A native of
Minden, Nebraska, Hove earned his bachelors of Science degree from the
University of Nebraska-Lincoln and furthered his education at the
University of Wisconsin-Madison's Graduate School of Banking. Hove also
serves as lead independent director of GWB.
Tom Henning
Tom Henning is President and Chief Executive Officer of Assurity Group,
Inc., a diversified financial services organization licensed in 49
states and the District of Columbia. Headquartered in Lincoln, Nebraska,
the company was recently named one of that city's Best Places to Work.
Henning is chair of the American Council of Life Insurers (ACLI) PAC and
is a two-time past president of the Nebraska Insurance Federation.
Henning, who received his bachelor degree from the University of
Nebraska, is also a graduate of the Stonier Graduate School of Banking
and the Wharton Leadership Program at the University of Pennsylvania,
and the Stanford Directors College, Stanford University. Henning will
continue to serve until the election at the 2018 Annual Stockholder
Meeting.
Jim Spies
Jim Spies is President of Spies Corporation, a privately-held company
that owns, operates, manages and develops real estate, and he owns a
number of retail businesses in South Dakota. Spies has served as a
Corporate Director of the Educational Enhancement Funding Corporation
since 2002. He also served as a member on the South Dakota
Transportation Commission and currently serves as Commissioner on the
South Dakota Department of Game, Fish and Parks. Spies will continue to
serve until the election at the 2016 Annual Stockholder Meeting.
Steve Lacy
Steve Lacy is Chairman of the Board and Chief Executive Officer of
Meredith Corporation, a leading media and marketing company
headquartered in Des Moines, Iowa. Lacy serves on the boards of Hormel
Food Corporation, The Advertising Council, and The International
Federation of the Periodical Press. He is a member of Financial
Executives International and the American Institute of Certified Public
Accountants. A native of Shawnee Mission, Kansas, Lacy earned his
bachelors and masters degrees in accounting from Kansas State
University. Lacy will continue to serve until the election at the 2017
Annual Stockholder Meeting.
About Great Western Bancorp, Inc.
Great Western Bancorp, Inc. is the holding company for Great Western
Bank, a full-service regional bank focused on relationship-based
business and agribusiness banking. Great Western Bank offers small and
mid-sized businesses a focused suite of financial products and a range
of deposit and loan products to retail customers through several
channels, including the branch network, online banking system, mobile
banking applications and customer care centers. The bank services its
customers through 158 branches in seven states: South Dakota, Iowa,
Nebraska, Colorado, Arizona, Kansas and Missouri. To learn more about
Great Western Bank visit www.greatwesternbank.com.
Forward Looking Statements
The materials posted may contain forward-looking statements, including
guidance, involving significant risks and uncertainties, which will be
identified by words such as "believe," "expect," "anticipate," "intend,"
"estimate," "should," "is likely," "will," "going forward" and other
expressions that indicate future events and trends and may be followed
by or reference cautionary statements. A number of factors could cause
actual results to differ materially from those in the forward-looking
information. These factors are outlined in our most recent earnings
press release and in more detail in our most current 10-Q and 10-K
filings. Great Western Bancorp, Inc. disclaims any obligation to update
any of the forward-looking statements that are made from time to time to
reflect future events or developments or changes in expectations.
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