First Interstate BancSystem CFO to Retire, Successor Named

By Tamara Parker • Tuesday, February 25 15:20 • Permanent Link

First Interstate BancSystem, Inc. (NASDAQ: FIBK) has announced a significant change in its executive leadership with the impending retirement of Marcy D. Mutch, the current Executive Vice President and Chief Financial Officer (CFO). Mutch, who has been with the company for over 18 years, will retire as a full-time employee at the end of 2025. However, she has agreed to serve as an executive advisor to the company through the end of 2025, followed by a consultancy role until December 31, 2026.

In light of Mutch's retirement, the company has appointed David P. Della Camera, the current Deputy CFO, to succeed Mutch as the Executive Vice President and CFO starting June 1, 2025. Della Camera joined First Interstate in 2021 and has held various senior finance leadership roles at the company, including his most recent position as Deputy CFO.

Mutch's retirement and Della Camera's appointment are part of a strategic succession plan that has been put in place as Mutch approached normal retirement age, aimed at ensuring a seamless transition of the CFO role.

During Mutch's tenure as CFO, she played a vital role in the company's financial performance, particularly during First Interstate's initial public offering of equity securities with the SEC in early 2010. Her deep knowledge of First Interstate and extensive financial industry experience have been instrumental in the company's financial success.

In her own words, Mutch expressed her gratitude for serving as the CFO and her confidence in Della Camera's ability to ensure First Interstate's future success. Della Camera, on the other hand, acknowledged the guidance he received from Mutch and expressed his eagerness to continue the momentum she has worked diligently to create.

First Interstate BancSystem, Inc., incorporated in 1971 and headquartered in Billings, Montana, operates banking offices across several states and offers a comprehensive range of banking products and services to individuals, businesses, municipalities, and others through its bank subsidiary, First Interstate Bank.

This change in executive leadership marks a significant transition for First Interstate BancSystem, Inc. as it prepares for a new chapter under the leadership of David P. Della Camera as the Chief Financial Officer. Today the company's shares have moved -0.6% to a price of $30.56. If you want to know more, read the company's complete 8-K report here.

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