Camden National appoints Simon Griffiths as CEO successor to Greg Dufour effective Jan 1, 2024

CAMDEN NATIONAL CORP

Simon Griffiths, age 50, joins as EVP & COO on Nov 20, 2023, becomes President & CEO on Jan 1, 2024.
Gregory Dufour, CEO since 2009, retires Dec 31, 2023; remains advisor through Mar 31, 2024 (or Jun 30).
Griffiths receives $825K base salary, $500K sign-on cash, $700K sign-on equity, $125K relocation.
Dufour transition agreement provides continued salary/benefits; unvested RSAs accelerate upon retirement.
Griffiths previously EVP at Citizens Bank; 20+ years banking experience, including Santander and JPMorgan.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Simon Griffiths

President and Chief Executive Officer

CAC · CAMDEN NATIONAL CORP

Effective: 2024-01-01
Filed: August 21, 2023, 7:59 PM ET

Effective January 1, 2024, the Company’s Board of Directors (the “Board”) has appointed Mr. Griffiths as President and Chief Executive Officer and as a member of the Board.

Departed

Gregory A. Dufour

President and Chief Executive Officer

CAC · CAMDEN NATIONAL CORP

Effective: 2023-12-31
Successor: Simon Griffiths
Filed: August 21, 2023, 7:59 PM ET

On August 21, 2023, the Company also announced that, as part of this leadership transition, Mr. Dufour will depart from his position as President and Chief Executive Officer and as a member of the Board and Bank Board, effective December 31, 2023 (the “Transition Date”).

Appointed

Simon Griffiths

Executive Vice President & Chief Operating Officer

CAC · CAMDEN NATIONAL CORP

Effective: 2023-11-20
Filed: August 21, 2023, 7:59 PM ET

On August 21, 2023, Camden National Corporation (the “Company”) announced that Simon Griffiths will join the Company as Executive Vice President & Chief Operating Officer on or around November 20, 2023 (the “Employment Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Simon Griffiths was appointed as President and Chief Executive Officer at CAMDEN NATIONAL CORP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Effective January 1, 2024, the Company’s Board of Directors (the “Board”) has appointed Mr. Griffiths as President and Chief Executive Officer and as a member of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gregory A. Dufour departed as President and Chief Executive Officer at CAMDEN NATIONAL CORP.

Action: will depart
Role: President and Chief Executive Officer

Exact text from the filing

On August 21, 2023, the Company also announced that, as part of this leadership transition, Mr. Dufour will depart from his position as President and Chief Executive Officer and as a member of the Board and Bank Board, effective December 31, 2023 (the “Transition Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Simon Griffiths was appointed as Executive Vice President & Chief Operating Officer at CAMDEN NATIONAL CORP.

Action: will join
Role: Executive Vice President & Chief Operating Officer

Exact text from the filing

On August 21, 2023, Camden National Corporation (the “Company”) announced that Simon Griffiths will join the Company as Executive Vice President & Chief Operating Officer on or around November 20, 2023 (the “Employment Date”).

View on SEC.gov

CAMDEN NATIONAL CORP filing history →

Source: SEC EDGAR

accession 0000750686-23-000260

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