Banc of California announces retirement of CRO Lynn Sullivan and promotions of four senior executives

BANC OF CALIFORNIA, INC.

Lynn Sullivan, EVP and CRO, retires Dec 31, 2022; will serve as consultant for six-month transition.
John Sotoodeh promoted to COO of Company and Bank effective Jan 1, 2023; previously COO of Bank.
Hamid Hussain promoted to President of Bank; Ido Dotan adds Chief Administrative Officer role; Olivia Lindsay named CRO.
All executive changes effective Jan 1, 2023.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

John Sotoodeh

Chief Operating Officer of the Company and the Bank

BANC · BANC OF CALIFORNIA, INC.

Effective: 2023-01-01
Filed: December 19, 2022, 6:59 PM ET

Effective January 1, 2023, the Company has promoted John Sotoodeh, age 52, to Chief Operating Officer of the Company and the Bank.

Departed

Lynn Sullivan

Executive Vice President and Chief Risk Officer

BANC · BANC OF CALIFORNIA, INC.

Effective: 2022-12-31
Filed: December 19, 2022, 6:59 PM ET

Lynn Sullivan, Executive Vice President and Chief Risk Officer of Banc of California, Inc. (the “Company”) and Banc of California, National Association (the “Bank”), a wholly owned subsidiary of the Company, will retire from those positions effective December 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John Sotoodeh changed role as Chief Operating Officer of the Company and the Bank at BANC OF CALIFORNIA, INC..

Action: promoted to
Role: Chief Operating Officer of the Company and the Bank

Exact text from the filing

Effective January 1, 2023, the Company has promoted John Sotoodeh, age 52, to Chief Operating Officer of the Company and the Bank.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lynn Sullivan departed as Executive Vice President and Chief Risk Officer at BANC OF CALIFORNIA, INC..

Action: will retire
Role: Executive Vice President and Chief Risk Officer

Exact text from the filing

Lynn Sullivan, Executive Vice President and Chief Risk Officer of Banc of California, Inc. (the “Company”) and Banc of California, National Association (the “Bank”), a wholly owned subsidiary of the Company, will retire from those positions effective December 31, 2022.

View on SEC.gov

BANC OF CALIFORNIA, INC. filing history →

Source: SEC EDGAR

accession 0001169770-22-000060

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