leadership
confidence high
sentiment neutral
materiality 0.50
ConnectOne CRO Michael O'Malley to depart Dec 31; Mark Pappas named successor
ConnectOne Bancorp, Inc.
- Michael O'Malley separating as Chief Risk Officer effective Dec 31, 2025; appointment of Mark Pappas (former Chief Internal Auditor) as new CRO.
- O'Malley receives $389,813 severance, 12-month insurance continuation; certain equity awards to vest through March 2026.
- Departure treated as termination without cause per employment agreement; non-compete/non-solicit survive.
- Pappas has over 30 years risk/audit experience, previously CRO at multi-billion dollar NY metro bank.
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