Management ChangeJun 18, 2026, 04:27 PM
C&F Financial CEO S. Dustin Crone to Retire; Shawn Moore to be New President
AI Summary
C&F Financial Corporation announced that S. Dustin Crone, President and CEO of C&F Finance Company, intends to retire on December 31, 2026. He will transition out of his President role on June 30, 2026, and serve as CEO until his retirement. Shawn Moore will succeed him as President. Crone's retirement is governed by a transition agreement detailing his compensation and benefits during the transition period, including the vesting of restricted stock awards. Additionally, the company amended its SERP plan and approved a $100,000 contribution for CEO Thomas F. Cherry for retention purposes.
Key Highlights
- S. Dustin Crone, CEO of C&F Finance, will retire on December 31, 2026, after a transition period.
- Shawn Moore will assume the role of President of C&F Finance effective June 30, 2026.
- Crone will receive a base salary of $341,000 during the transition period.
- Outstanding restricted stock awards for Crone will vest on December 31, 2028, if employment terms are met.
- Thomas F. Cherry, CEO of C&F Financial, will receive an additional $100,000 SERP contribution in 2026.
Price Impact
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