StockWatch
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Major Banks
Management ChangeApr 29, 2026, 05:07 PM

BCML Announces Leadership Transition, New CEO & Executive Vice Chair

AI Summary

BayCom Corp announced a significant leadership transition, with George J. Guarini, Janet L. King, and Keary L. Colwell stepping down from their executive positions and board roles. William J. Black, Jr. was appointed Executive Vice Chair, Christopher F. Baron became President and CEO, and Kevin L. Thompson was named EVP, CFO, and Corporate Secretary. Michael J. Perdue also joined the board. The changes are aimed at advancing the company's long-term strategic objectives, including building balance sheet scale and improving financial performance. The company also announced its Annual Meeting of Shareholders for June 16, 2026, where shareholders will vote on director elections, executive compensation, and auditor ratification.

Key Highlights

  • BCML announced a leadership transition effective April 10, 2026.
  • George J. Guarini, Janet L. King, and Keary L. Colwell ceased executive roles and resigned as directors.
  • William J. Black, Jr. appointed Executive Vice Chair effective April 13, 2026.
  • Christopher F. Baron appointed President and CEO effective April 13, 2026.
  • Kevin L. Thompson appointed EVP, CFO, and Corporate Secretary effective April 13, 2026.
  • Michael J. Perdue appointed as a director effective April 22, 2026.
  • Annual Meeting of Shareholders to be held on June 16, 2026, to elect nine directors.
  • Shareholders will vote on advisory executive compensation and auditor ratification.