---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-22-000060"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T02:22:53.366524+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001169770-22-000060
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000060/0001169770-22-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000060/banc-20221215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-22-000060
- JSON: https://secwatch.observer/filing/0001169770-22-000060.json
- Plain text: https://secwatch.observer/filing/0001169770-22-000060.txt

## Key facts
- Executive change
  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
  source text: Effective January 1, 2023, the Company has promoted John Sotoodeh, age 52, to Chief Operating Officer of the Company and the Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000060/0001169770-22-000060-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000060/0001169770-22-000060-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.