Chief audit executive

NEW YORK COMMUNITY BANCORP, INC. CONTINUES TO STRENGTHEN MANAGEMENT TEAM AND ENHANCE RISK FRAMEWORK

Retrieved on: 
Friday, March 1, 2024
Community Bank, Capital One, Risk management, Record, Bank, First Union, NYCB, Wells Fargo, AmSouth Bancorporation, U.S. Bancorp, Chief audit executive, Regions Financial Corporation, Bank of America, United Community Bank, Management

HICKSVILLE, N.Y., March 1, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced the appointments of George F. Buchanan III as Executive Vice President and Chief Risk Officer and Colleen McCullum as Executive Vice President and Chief Audit Executive, effective immediately.

Key Points: 
  • The leadership team identified the material weaknesses disclosed yesterday and has been taking the necessary steps to address them, including appointing new executives.
  • Mr. Buchanan brings over 30 years of financial services-related risk management and credit experience, having previously held roles at First Union, AmSouth Bank, US Bank, and Regions Bank.
  • George and Colleen are proven leaders with large bank and public company expertise and successful track records of delivering operational excellence.
  • George's risk management experience, coupled with Colleen's audit acumen, will be important as we continue to upgrade our executive leadership team and ensure we execute on our goals."

Registrations Open for MetricStream’s London GRC Summit, Experience the Power of Connected GRC

Retrieved on: 
Wednesday, August 16, 2023
Security, Data Management, Technology, Artificial Intelligence, Software, Operational risk, Schroders, HSBC, Third Party Risk (novel), Chief audit executive, GRC, Book, Connected, Risk management, Former, Phoenix Group, ORM, GIB, Risk, IRM, Chief, Artificial intelligence, Miami, ESG, Mizuho, Medical device, Management, Audit, Financial adviser, Ethics, AI

MetricStream , the global market leader in integrated risk management (IRM) and governance, risk, and compliance (GRC), has opened registrations for the 11th GRC Summit , being held on October 16th and 17th, 2023, in London.

Key Points: 
  • MetricStream , the global market leader in integrated risk management (IRM) and governance, risk, and compliance (GRC), has opened registrations for the 11th GRC Summit , being held on October 16th and 17th, 2023, in London.
  • MetricStream’s GRC Summit sets the stage for GRC leaders to stay ahead with the latest advancement in AI, connected GRC trends, and best practices while networking with other practitioners navigating the same landscape.
  • “What’s clear is risk leaders need to step out of silos and implement a connected GRC strategy.
  • The London GRC Summit will feature keynote speakers, panel discussions, workshops, and networking opportunities with GRC leaders from across the globe.

Coastal Community Bank Adds to Executive Leadership

Retrieved on: 
Tuesday, August 1, 2023
Chief audit executive, U.S. Department of the Treasury, Office of Inspector General, University, Senior, Office of Inspector General, U.S. Department of Health and Human Services, Coast, TD, Financial services, Hartford, Connecticut, Toronto-Dominion Bank, Internal audit, Policy, Postgraduate education, Silicon Valley Bank, Arthur Andersen, York University, Bank Secrecy Act, PwC, The Hartford, Silicon, Creighton University School of Law, Doctorate, Creighton University, AML, Treasury, CCB, Community Bank, University of Windsor, Federation, Bank, Commerce, Management, Psychology

EVERETT, Wash., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that Brian Ferrell has joined the Bank as Executive Vice President, Head of Financial Crimes Compliance, and Bill Rhodes has joined as Executive Vice President, Chief Audit Executive.

Key Points: 
  • EVERETT, Wash., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that Brian Ferrell has joined the Bank as Executive Vice President, Head of Financial Crimes Compliance, and Bill Rhodes has joined as Executive Vice President, Chief Audit Executive.
  • Brian is a seasoned corporate regulatory and federal government leader with more than 30 years of expertise in the financial services sector.
  • Bill is an executive internal audit leader with more than 20 years of experience spanning both internal and external audit across the Financial Services sector, most recently in scaling the internal audit function of Silicon Valley Bank.
  • Prior to his time at Silicon Valley Bank, Bill worked for PricewaterhouseCoopers, TD Bank Financial Group, and Arthur Andersen.

Carriage Services Announces Election of Julie Sanders to Board of Directors

Retrieved on: 
Tuesday, July 25, 2023
Learning, Communication, Professional Football Compensation Committee, Dell, Senior, Colchester Carriage Servicing Depot, Corporate governance, Chief audit executive, Strategic planning, Accounting, Cemetery, Baylor University, Carriage, Biophysical environment, Growth, Social, KPMG, Dell Technologies, News, NYSE, Management, Audit

HOUSTON, July 25, 2023 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) (“Carriage” or the “Company”) announced today that its Board of Directors (the “Board”) has elected Julie Sanders as an independent member of the Board, effective immediately.

Key Points: 
  • HOUSTON, July 25, 2023 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) (“Carriage” or the “Company”) announced today that its Board of Directors (the “Board”) has elected Julie Sanders as an independent member of the Board, effective immediately.
  • “We are excited to welcome Julie to the Carriage Board,” said Carriage’s Executive Chairman, Mel Payne.
  • Julie’s addition to the Board further supports our commitment to enhancing the Company’s focus on governance this year,” said Carriage CEO and Vice Chairman of the Board, Carlos Quezada.
  • Carriage Services is a leading provider of funeral and cemetery services and merchandise in the United States.

Serta Simmons Bedding Announces Leadership Transition

Retrieved on: 
Tuesday, July 25, 2023
Retail, Home Goods, Department Stores, Other Retail, Oakhill, General Electric, The Conference Board, SSB, CMO, Former, Loree, Stanley Black & Decker, Chief audit executive, Growth, Fullbeauty Brands, Simmons Bedding Company, Environment, Rest, Management, Eitel, Electrolux

Serta Simmons Bedding, Inc. (SSB), a leading global sleep company, today announced that Charlie Eitel, current Board member and former Chairman and CEO of Simmons Bedding, has been appointed Chief Executive Officer (CEO) and Tim Oakhill, former Chief Marketing Officer (CMO) of Simmons Bedding, has been appointed CMO, both effective immediately.

Key Points: 
  • Serta Simmons Bedding, Inc. (SSB), a leading global sleep company, today announced that Charlie Eitel, current Board member and former Chairman and CEO of Simmons Bedding, has been appointed Chief Executive Officer (CEO) and Tim Oakhill, former Chief Marketing Officer (CMO) of Simmons Bedding, has been appointed CMO, both effective immediately.
  • Eitel succeeds Shelley Huff and Oakhill succeeds Guy Longworth, who are both departing the company.
  • “SSB has a strong foundation built on the company’s deep heritage in innovation and portfolio of leading brands,” said Genender.
  • “It is a privilege to join Serta Simmons Bedding during this important moment at the company,” said Eitel.

Serta Simmons Bedding Completes Financial Restructuring and Emerges from Chapter 11

Retrieved on: 
Thursday, June 29, 2023
Finance, Home Goods, Retail, Professional Services, Specialty, Centerview Partners, General Electric, Chapter 11, Title 11, United States Code, SSB, Product innovation, FTI Consulting, Partner (business rank), Former, Chief audit executive, Investment, Supply chain, Growth, Gibson Dunn, Fullbeauty Brands, Hand, Weil, Gotshal & Manges, Pharmaceutical industry, Bank, Simmons Bedding Company, Electrolux

Serta Simmons Bedding, LLC (“SSB” or the “company”), a leading global sleep company, today announced that it has concluded its financial restructuring and emerged from Chapter 11, marking the completion of a critical step in the company’s turnaround effort.

Key Points: 
  • Serta Simmons Bedding, LLC (“SSB” or the “company”), a leading global sleep company, today announced that it has concluded its financial restructuring and emerged from Chapter 11, marking the completion of a critical step in the company’s turnaround effort.
  • As SSB emerges from Chapter 11, a new Board of Directors has been appointed to oversee the company.
  • As a result of the Chapter 11 process, SSB successfully reduced its funded debt from approximately $1.9 billion to approximately $315 million.
  • served as SSB’s investment banker and FTI Consulting, Inc. served as SSB’s financial and restructuring advisor.

Executive Behavior Is Top Indicator of Culture Risk, 68% of Internal Audit Leaders Say

Retrieved on: 
Tuesday, June 27, 2023
Legal, Technology, Finance, Consulting, Accounting, Business, Professional Services, Software, Other Professional Services, Chief audit executive, Institute of Internal Auditors, Culture, Organization, Organizational culture, MCI Inc., Risk, Ethics, Longevity, Digital repository audit method based on risk assessment, TIME, Management, Risk management, Audit

Few Organizations Issue Formal Reports on Culture: Only 17% of those surveyed produced written standalone reports on overall culture.

Key Points: 
  • Few Organizations Issue Formal Reports on Culture: Only 17% of those surveyed produced written standalone reports on overall culture.
  • Issuing a call to action for internal audit teams to assess culture in a data-based, quantitative manner, the authors highlight critical resources to set and monitor key culture risk indicators, define healthy culture guiding principles, and ensure appropriate issues around culture and culture reporting are being addressed at board, audit committee, and executive meetings.
  • A healthy, ethical, and high-performing culture is a sustainable competitive advantage within an organization’s control,” said Richard Chambers, Senior Internal Audit Advisor at AuditBoard.
  • Respondents were chief audit executives and internal audit directors in organizations based primarily in North America, representing a diverse group of industries and internal audit department sizes.

PenFed Credit Union Welcomes Terry Grafenstine as Chief Audit Executive, Executive Vice President

Retrieved on: 
Wednesday, May 24, 2023
Enterprise, University, Government-sponsored enterprise, Central Waqf Council, Pentagon Federal Credit Union, IIA, Certified Public Accountant, CISA, American Institute of Certified Public Accountants, Institute of Internal Auditors, Accounting, Audit, AICPA, CGEIT, Citigroup, Chief audit executive, CIA, Certified Information Systems Security Professional, CPA, ISACA, CISSP, American Institute, House, CRISC, Saint Joseph's University, Management, Risk

TYSONS, Va., May 24, 2023 /PRNewswire/ -- PenFed Credit Union, the nation's second largest federal credit union, is pleased to welcome Terry Grafenstine as Chief Audit Executive and Executive Vice President. Grafenstine joins the executive management team and is responsible for leading internal auditing across the enterprise. 

Key Points: 
  • TYSONS, Va., May 24, 2023 /PRNewswire/ -- PenFed Credit Union , the nation's second largest federal credit union, is pleased to welcome Terry Grafenstine as Chief Audit Executive and Executive Vice President.
  • Grafenstine joins the executive management team and is responsible for leading internal auditing across the enterprise.
  • PenFed is proud to welcome her as part of our top-level executive team," said PenFed President and CEO James Schenck.
  • "I am very excited about joining PenFed as its Chief Audit Executive," said Grafenstine.

Ken Robinson Elected to Occidental Board of Directors

Retrieved on: 
Wednesday, February 22, 2023
Paylocity, University, Oxy, Procter & Gamble, Accounting, Chief audit executive, Senior, Climate, Ethics, Control, NYSE, Morgan Stanley, Mississippi State University, Business administration, Independent, United States Senate Committee to Audit and Control the Contingent Expenses of the Senate, Master of Business Administration, International, Abercrombie & Fitch, Abercrombie, Management, Finance, Exelon, Science, Occidental

HOUSTON, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) announced today that Ken Robinson, who currently serves on the Boards of Directors for Abercrombie & Fitch, Paylocity and Morgan Stanley U.S. Banks, and formerly served as Senior Vice President of Audit and Controls at Exelon Corporation, has been elected to its Board of Directors, effective as of February 16, 2023.

Key Points: 
  • HOUSTON, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) announced today that Ken Robinson, who currently serves on the Boards of Directors for Abercrombie & Fitch, Paylocity and Morgan Stanley U.S. Banks, and formerly served as Senior Vice President of Audit and Controls at Exelon Corporation, has been elected to its Board of Directors, effective as of February 16, 2023.
  • "Ken's impressive 40 plus-year career consists of senior leadership roles within global finance and accounting, enterprise risk, ethics, and compliance," said Jack Moore, Independent Chairman of the Board.
  • Mr. Robinson also serves as a Trustee of the International Financial Reporting Standards Foundation.
  • Mr. Robinson has a Bachelor of Science from Mississippi State University and a Master of Business Administration from the University of Memphis.

Cybersecurity and ESG Among Top Areas of Concern for Audit Leaders in 2023

Retrieved on: 
Tuesday, November 29, 2022
Disability, CAE, Information technology, ESG, Internal audit, Organization, Multimedia, Risk, Employment, Tax, Chief audit executive, State Finance Accountability Committee, NYSE, Corporate governance of information technology, Pressure, Audit, Social, Equality, ManpowerGroup, Woman, Finance

"Cybersecurity remains the top concern for many executives, who are seeing their audit teams expand their coverage of Information Technology Governance," said Jim Gusich, ManpowerGroup's Chief Audit Executive.

Key Points: 
  • "Cybersecurity remains the top concern for many executives, who are seeing their audit teams expand their coverage of Information Technology Governance," said Jim Gusich, ManpowerGroup's Chief Audit Executive.
  • "But this year's survey also reveals the growing importance of ESG as more organizations are increasing their commitment to developing comprehensive ESG strategies in 2023 and beyond."
  • Many Internal Audit leaders expressed concern about Internal Audit Departments struggling to keep fully staffed, amid the ongoing pandemic and shifts in how and where auditors work.
  • With the growing importance of ESG, 71% of Chief Audit Executives (CAE) are including an assessment of ESG in their audit plans.