CNB Financial CEO Joseph Bower Jr. retiring; Michael Peduzzi to succeed

CNB FINANCIAL CORP/PA

CEO Joseph Bower Jr. retires as President/CEO of Corp. effective Dec 31, 2022; as CEO of Bank effective July 1, 2022.
Michael Peduzzi appointed President/CEO of Corp. (Dec 31, 2022) and CEO of Bank (July 1, 2022); continues as Bank Pres./COO.
Peduzzi, 56, has 34+ years banking experience, most recently CFO of Mid Penn Bancorp (2016–Aug 2021).
Bower led asset growth from $1.2B to $5.3B (342%) over 12 years as CEO, with $940M via acquisitions.

item 5.02 item 9.01

Executive movements

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

Departed

Joseph B. Bower, Jr.

President and Chief Executive Officer of the Corporation

CCNE · CNB FINANCIAL CORP/PA

Effective: 2022-12-31
Successor: Michael Peduzzi
Filed: February 9, 2022, 6:59 PM ET

Joseph B. Bower, Jr., President and Chief Executive Officer of the Corporation and Chief Executive Officer of the Bank, will retire from such positions effective December 31, 2022 and July 1, 2022, respectively.

Appointed

Michael Peduzzi

President and Chief Executive Officer of the Corporation

CCNE · CNB FINANCIAL CORP/PA

Effective: 2022-12-31
Filed: February 9, 2022, 6:59 PM ET

the Board of Directors of the Corporation appointed Michael Peduzzi, who currently serves as President and Chief Operating Officer of the Bank, to succeed Mr. Bower as President and Chief Executive Officer of the Corporation, effective December 31, 2022, and Chief Executive Officer of the Bank, effective July 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Joseph B. Bower, Jr. departed as Chief Executive Officer of the Bank at CNB FINANCIAL CORP/PA.

Action: retire
Role: Chief Executive Officer of the Bank

Exact text from the filing

Joseph B. Bower, Jr., President and Chief Executive Officer of the Corporation and Chief Executive Officer of the Bank, will retire from such positions effective December 31, 2022 and July 1, 2022, respectively.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael Peduzzi was appointed as Chief Executive Officer of the Bank at CNB FINANCIAL CORP/PA.

Action: appointed
Role: Chief Executive Officer of the Bank

Exact text from the filing

the Board of Directors of the Corporation appointed Michael Peduzzi, who currently serves as President and Chief Operating Officer of the Bank, to succeed Mr. Bower as President and Chief Executive Officer of the Corporation, effective December 31, 2022, and Chief Executive Officer of the Bank, effective July 1, 2022.

View on SEC.gov

CNB FINANCIAL CORP/PA filing history →

Source: SEC EDGAR

accession 0001193125-22-031867

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