Management ChangeAug 4, 2026, 05:32 PM
Provident Financial Appoints New Director & Chief Accounting Officer
AI Summary
Provident Financial Services announced the election of Michael E. Regan to its Board of Directors and the Board of Provident Bank, effective July 30, 2026. Mr. Regan will also serve on the Audit, Enterprise Risk, and Finance Committees, leading to an expansion of both boards from 12 to 13 directors. Additionally, Diane Gigliotti was promoted to Senior Vice President and Chief Accounting Officer, responsible for the company's accounting function, financial reporting, and regulatory oversight. Ms. Gigliotti will receive an annual base salary of $310,000, along with incentive opportunities.
Key Highlights
- Michael E. Regan elected as a Class of 2028 director for Provident Financial Services and Provident Bank.
- Mr. Regan appointed to the Company's Audit Committee, Enterprise Risk Committee, and Finance Committee.
- Boards of Directors for the Company and Bank expanded from 12 to 13 directors due to Mr. Regan's election.
- Diane Gigliotti promoted to Senior Vice President and Chief Accounting Officer for the Company and Bank.
- Ms. Gigliotti's new role includes leading accounting, financial reporting, regulatory reporting, and internal controls.
- Ms. Gigliotti will receive an initial annual base salary of $310,000.
- She will have a target annual incentive opportunity of 30% of base salary and a target long-term incentive opportunity of 25% of base salary.
- Ms. Gigliotti brings over 20 years of experience, including prior roles at BBVA, Merrill Lynch, and PricewaterhouseCoopers.
Price Impact
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