leadership
confidence high
sentiment neutral
materiality 0.65
David P. Della Camera becomes CFO of First Interstate BancSystem effective June 1, 2025
FIRST INTERSTATE BANCSYSTEM INC
- Della Camera succeeds Marcy D. Mutch as EVP and CFO under a planned succession announced February 2025.
- Annual base salary of $500,000; eligible for annual incentive and equity compensation.
- Severance: 1x base plus avg. cash bonus if terminated without cause or for good reason; 2x base plus 2x target bonus following a change in control.
- Non-competition and non-solicitation restrictions extend 12 months (18 months after change in control).
- Mutch transitions to executive advisor through 2025 and consultant through December 31, 2026.
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