Atlantic Union Bank names Maria Tedesco as President & COO; CRO David Bilko plans to retire

Atlantic Union Bankshares Corp

Maria Tedesco appointed COO effective Jan 14, 2022, while continuing as President of the Bank.
New employment agreement: minimum base salary $489,060; eligible for incentive plans, company car, severance.
Severance terms: 2x base salary on termination without cause; 1x base salary on non-renewal.
David Bilko, EVP & Chief Risk Officer, intends to retire in 2022; successor search begins Q1 2022.
Non-material conforming amendments to employment agreements with CEO John Asbury and CFO Robert Gorman.

item 5.02 item 8.01 item 9.01

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Appointed

Maria Tedesco

Chief Operating Officer

AUB · Atlantic Union Bankshares Corp

Effective: 2022-01-14
Filed: January 18, 2022, 6:59 PM ET

On January 18, 2022, Atlantic Union Bank (the “Bank”) announced that Maria Tedesco, 61, has been appointed Chief Operating Officer (“COO”) of the Bank.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Maria Tedesco was appointed as Chief Operating Officer at Atlantic Union Bankshares Corp.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On January 18, 2022, Atlantic Union Bank (the “Bank”) announced that Maria Tedesco, 61, has been appointed Chief Operating Officer (“COO”) of the Bank.

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Source: SEC EDGAR

accession 0000883948-22-000006

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