Posted 05 May, 2023
RENASANT CORP appointed new CEO
CEO Change detected for ticker Nasdaq:RNST in a 8-K filed on 05 May, 2023.
In addition, on the same day C. Mitchell Waycaster, who remains the Chief Executive Officer of the Company and the Bank, was appointed by the Board of Directors as Executive Vice Chairman of both companies.
Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of RENASANT CORP
Financial Services • Banking
Renasant Corp. is a bank holding company, which engages in the provision of financial, fiduciary, and insurance services. It operates through the following segments: Community Banks, Insurance, Wealth Management, and Other. The Community Banks segment delivers banking and financial services to individuals and small to medium sized businesses including checking and savings accounts, business and personal loans, interim construction loans, specialty commercial lending, as well as safe deposit and night depository facilities. The Insurance segment includes full service insurance agency offering lines of commercial and personal insurance. The Wealth Management segment provides fiduciary services and administer qualified retirement plans, profit sharing and other employee benefit plans, personal trusts and estates. The Other segment consists of the operations of the holding company and other eliminations. The company was founded in 1982 and is headquartered in Tupelo, MS.Market Cap
$1.70B
View Company Details
$1.70B
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 2, 2023, the Board of Directors of Renasant Corporation (the "Company") and Renasant Bank (the "Bank") appointed Kevin D. Chapman as President of the Company and the Bank, effective immediately. Mr. Chapman will retain his role as Chief Operating Officer of both entities. In addition, on the same day C. Mitchell Waycaster, who remains the Chief Executive Officer of the Company and the Bank, was appointed by the Board of Directors as Executive Vice Chairman of both companies. Mr. Waycaster's and Mr. Chapman's respective compensation and other benefit arrangements and the terms of their employment agreements were not affected by the above-described changes, except that Mr. Chapman's base salary for the remainder of 2023 was increased by 5% in connection with his appointment as President of the Company and the Bank. These compensation and other benefit arrangements and employment agreement terms, as well as the background, experience and related person disclosures for Mr. Waycaster and Mr. Chapman are described in the Company's definitive proxy statement for its 2023 Annual Meeting of Shareholders, filed with the Securities and Exchange Commission on March 13, 2023. Such information is incorporated herein by reference.
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