FHLBank Pittsburgh CEO Winthrop Watson to retire Dec 31; David Paulson named successor

Federal Home Loan Bank of Pittsburgh

Winthrop Watson will retire as President and CEO effective December 31, 2024, after leading since 2011.
David G. Paulson, currently COO, appointed President and CEO effective December 31, 2024; base salary $890,000.
Paulson joined FHLBank in 2010, served as CFO (2013-2020) and COO since 2020.
Paulson eligible for annual and long-term incentive awards under Executive Officer Incentive Compensation Plan at Participant Level A.
Board cited Watson's leadership in record earnings, community investment, and navigating financial crises.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Winthrop Watson

President and Chief Executive Officer

Federal Home Loan Bank of Pittsburgh

Effective: 2024-12-31
Successor: David G. Paulson
Filed: June 26, 2024, 7:59 PM ET

On June 24, 2024, Winthrop Watson, President and Chief Executive Officer (CEO) of the Federal Home Loan Bank of Pittsburgh (Bank), notified the Bank’s Board of Directors (Board) that he intends to retire from the Bank, effective December 31, 2024.

Appointed

David G. Paulson

President and Chief Executive Officer

Federal Home Loan Bank of Pittsburgh

Effective: 2024-12-31
Filed: June 26, 2024, 7:59 PM ET

The Board has named David G. Paulson as President and CEO, effective upon Mr. Watson’s retirement.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Winthrop Watson departed as President and Chief Executive Officer at Federal Home Loan Bank of Pittsburgh.

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

On June 24, 2024, Winthrop Watson, President and Chief Executive Officer (CEO) of the Federal Home Loan Bank of Pittsburgh (Bank), notified the Bank’s Board of Directors (Board) that he intends to retire from the Bank, effective December 31, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David G. Paulson was named as President and Chief Executive Officer at Federal Home Loan Bank of Pittsburgh.

Action: named
Role: President and Chief Executive Officer

Exact text from the filing

The Board has named David G. Paulson as President and CEO, effective upon Mr. Watson’s retirement.

View on SEC.gov

Source: SEC EDGAR

accession 0001193125-24-168539

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