First Citizens BancShares CRO Lorie Rupp to retire June 1; Treasurer Tom Eklund to succeed

FIRST CITIZENS BANCSHARES INC /DE/

Lorie Rupp to retire as EVP & Chief Risk Officer effective June 1, 2026, after 13-year tenure.
Tom Eklund, current Treasurer and 20-year veteran, to succeed as CRO on same date.
Rupp served as CRO since March 2017, previously Chief Accounting Officer; strengthened risk framework.
Eklund has experience managing capital, market, liquidity, and compliance risks.
Orderly transition planned; CEO Frank Holding expressed confidence in both executives.

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