Woodsboro Bank Promotes Richard Ohnmacht To President and Chris Clemons To Executive Vice President & Chief Commercial Banking Officer
Aug 22, 2024•over 1 year ago
Position
Vice President
Company
Woodsboro Bank
Description
Woodsboro Bank promotes Richard Ohnmacht to President, where he will be responsible for the day-to-day oversight of the functions of the commercial banking, retail banking, credit, marketing, and human resources teams. Chris Clemons will step into the role of Executive Vice President & Chief Commercial Banking Officer, succeeding Ohnmacht in this position. These promotions are timed to align with the creation of the bank's 2025-2027 strategic plan and annual business plan for the coming year, reflecting Woodsboro Bank's commitment to talent development and community impact.
Executive Insights
Based on hiring dataNew executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months