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United States

Camden National Corp (CAC.OQ)

CAC.OQ on NASDAQ Stock Exchange Global Select Market

45.60USD
14 Aug 2018
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Summary

Name Age Since Current Position

Gregory Dufour

57 2009 President, Chief Executive Officer, Director

Edmund Hayden

62 2015 Chief Executive Officer, Chief Credit Officer

Lawrence Sterrs

64 2017 Independent Vice Chairman of the Board

Deborah Jordan

52 2015 Chief Financial Officer, Chief Operating Officer, Executive Vice President

Joanne Campbell

55 2011 Executive Vice President - Risk Management

Timothy Nightingale

60 2011 Executive Vice President, Senior Loan Officer

Robin Sawyer

48 2018 Director

Ann Bresnahan

66 2017 Independent Director

Craig Denekas

53 2017 Independent Director

David Flanagan

63 2005 Independent Director

S. Catherine Longley

63 2014 Independent Director

Marie McCarthy

2018 Independent Director

David Ott

66 2015 Independent Director

James Page

65 2008 Independent Director

Carl Soderberg

55 2015 Independent Director

Michael Archer

IR Contact Officer

Biographies

Name Description

Gregory Dufour

Mr. Gregory A. Dufour is President, Chief Executive Officer, Director of Camden National Corporation and the Camden National Bank, subsidiary of the Company. Mr. Dufour joined the Company in April 2001 as Senior Vice President of Finance. In August of 2002, he assumed additional responsibility for Operations and Technology until December 2003. In January 2004, Mr. Dufour was named Chief Banking Officer for the Company and President and Chief Operating Officer for Camden National Bank, and in January 2006, he became President and CEO for Camden National Bank. He also serves on the board of directors of Camden National Bank. Prior to joining the Company, Mr. Dufour was Managing Director of Finance and a member of the Executive Operating Group for IBEX Capital Markets in Boston, Massachusetts. In addition to his experience at IBEX, Mr. Dufour held various financial management positions with FleetBoston Corporation and its affiliates, including Vice President and Controller of Debt Capital Markets, Controller of Investment Banking and Banking Group Controller. Mr. Dufour has served in various volunteer capacities on numerous community-related organizations and currently serves as trustee of Costal Healthcare Alliance system in Rockport, Maine and as trustee and vice chair of the board of Maine Health in Portland, Maine.

Edmund Hayden

Mr. Edmund M. Hayden, III is Chief Executive Officer, Chief Credit Officer of Camden National Corporation and the Camden National Bank, subsidiary of the Company. He joined Camden National Bank as Executive Vice President and Chief Credit Officer upon completion of the merger of Camden National Corporation and SBM Financial, Inc. on October 16, 2015. Prior to joining Camden National Bank, Mr. Hayden served as the Chief Risk Officer and Chief Credit Officer of The Bank of Maine since 2011. Previously he was the Executive Vice President and Executive Credit Officer for TD Bank, NA (“TD”) covering the New England and Long Island markets. Mr. Hayden worked for TD (formerly TD Banknorth, NA) for 18 years (1992-2010) primarily in commercial banking. Prior to TD, Mr. Hayden worked for three years as the Senior Lending Officer for Martha’s Vineyard National Bank, and prior to that Mr. Hayden held a variety of positions primarily in commercial lending at Bank of Boston (formerly Bank of Vermont) from 1980 to 1989.

Lawrence Sterrs

Mr. Lawrence J. Sterrs is Independent Vice Chairman of the Board of Camden National Corporation. Mr. Sterrs has served as the Board Chair and CEO of the Unity Foundation since 2000 and serves as Vice President and Chair of UniTek, Inc. He previously served as the CEO of UniTek, Inc. and its telecom subsidiary, UniTel, Inc., which brings high speed internet and phone services to a number of Maine communities. Mr. Sterrs began his career at ConTel Corporation where he had executive management responsibility for network design and planning, and held various operational, legislative and regulatory positions in project management, management training and operations management. Mr. Sterrs also worked at Berry Dunn McNeil and Parker, LLC from 1991 to 1994 as manager of telecommunication consulting. Mr. Sterrs has over 40 years of experience in the telecommunications industry, having been a direct leader, as well as, acting in consulting roles, bringing his many years of business experience and director experience to the Board. Mr. Sterrs’ extensive experience in the areas of regulatory oversight, governance, management, leadership and technology support his membership on the Compensation and Technology Committees. Through Mr. Sterrs work at the Unity Foundation, which invests in building the capacity of nonprofits that serve both local Maine communities and statewide needs, he has significant knowledge of the economic and community development needs of Maine and has a deep understanding of the Maine business and nonprofit community.

Deborah Jordan

Ms. Deborah A. Jordan, CPA, is Chief Financial Officer, Chief Operating Officer, Executive Vice President of the Company. She joined the Company in September 2008 as Senior Vice President, Chief Financial Officer ("CFO"), and Principal Financial and Accounting Officer and was promoted to EVP in January 2011. Effective January 1, 2015, Ms. Jordan was promoted to Chief Operating Officer ("COO"), and continues to serve as CFO, and Principal Financial and Accounting Officer. Ms. Jordan was previously EVP and CFO of Merrill Merchants Bancshares, Inc. in Bangor, Maine, from January 1993 to August 2008. Ms. Jordan worked at Arthur Andersen & Co. from 1987 to 1992. Ms. Jordan currently serves on the Board of Seven Islands Land Management Company.

Joanne Campbell

Ms. Joanne T. Campbell is Executive Vice President - Risk Management of Camden National Corporation. She joined the Company in 1996 as Vice President, Manager of Residential Real Estate. She was promoted to Senior Vice President, Compliance, Audit & CRA in 2002, and then to Senior Vice President, Risk Management in 2005 and to Executive Vice President ("EVP") in January 2011. Ms. Campbell currently serves as a member of the ABA Risk Management Conference Advisory Board.

Timothy Nightingale

Mr. Timothy P. Nightingale is Executive Vice President, Senior Loan Officer of Camden National Corporation. He joined the Company in March 2000 as Regional Vice President of UnitedKingfield Bank. In 2001, Mr. Nightingale was named Senior Lending Officer at UnitedKingfield Bank and was promoted to Senior Vice President in 2003. In September 2006, the Company merged UnitedKingfield Bank into Camden National Bank, at which time Mr. Nightingale was named Senior Vice President, Senior Lending Officer for Camden National Bank. In January 2011, he was promoted to EVP. Mr. Nightingale is a member of the Bank Advisory Committee for the Finance Authority of Maine.

Robin Sawyer

Ms. Robin A. Sawyer, CPA, is Director of Camden National Corporation. She was elected to the Board of Directors of Camden National Corporation on April 24, 2018. A certified public accountant and a designated “Financial Expert” under the NASDAQ rules, Sawyer is currently President and CEO of Apex Financial Consulting, where she provides contract CFO services to companies in need of interim financial assistance. Sawyer will chair the Capital Committee and serve on the Compensation Committee for Camden National Corporation. She will also join as a Board Director for Camden National Bank. Most recently, Sawyer served for five years as Vice President of Corporate Finance and Corporate Controller at WEX Inc., a Maine-based, publicly-traded company with a market cap of over $6.8 billion. She previously served on Camden National Corporation’s Board from 2004 and 2017, and during that time, she was the Chair of the Audit Committee and a member of the Capital Committee. With Sawyer’s appointment, 30% of the Board of Directors of Camden National Corporation will be women. Sawyer spent more than 10 years as Vice President and Corporate Controller at Fairchild Semiconductor International, Inc., a publicly-traded, Maine-based company with a market cap of $1.8 billion. She is the former Director of Financial Planning and Reporting at Cornerstone Brands, Inc., and she formerly worked at Baker, Newman & Noyes, LLC, previously Ernst & Young.

Ann Bresnahan

Ms. Ann W. Bresnahan is Independent Director of the company. she served as Secretary, Director of Camden National Corporation. She has been a full-time volunteer and civic leader since 1970. Ms. Bresnahan has served as trustee of PenBay Healthcare since 2005 and currently serves on the physicians and associates board. Ms. Bresnahan is a past Chair of PenBay Healthcare Foundation and continues to serve as a board member. Her past community involvement includes Camden Outing Club, Owls Head Transportation Museum, The Hurricane Island Outward Bound School, The Ethel Walker School, and the First Congregational Church. She is currently treasurer and board member of Partners for Enrichment.

Craig Denekas

Mr. Craig N. Denekas is Independent Director of the Company. Currently, Denekas serves as Trustee, Chairman and Chief Executive Officer of the Libra Foundation. Based out of Portland, this private grant-making charitable foundation embraces the sense of proportion and fairness defined by its name, Libra, to fulfill its mission of maintaining a balance and diversity of giving throughout the state of Maine and across all populations. In addition to traditional grant-making that exceeds $175 million, the Foundation takes an innovative approach to its investing by establishing or acquiring several companies such as Pineland Farms of New Gloucester to create sustainable businesses and employment opportunities for Maine citizens. Prior to joining the Libra Foundation in 2001 and serving in multiple leadership positions before his appointment as Chief Executive Officer, Denekas was a director and shareholder at the law firm of Perkins, Thompson in Portland for over a decade. While at the firm, Denekas focused on corporate acquisitions, business law, real estate and commercial lending. He has served as a Trustee and on various board of directors including the Barbara Bush Foundation for Family Literacy out of Florida, the Fisher Charitable Foundation in Maine and was past Chairman of the Board of Trustees of Maine Public Broadcasting.

David Flanagan

Mr. David C. Flanagan is Independent Director of Camden National Corporation. He is President of Viking Lumber, Inc. a family-owned lumber and building supply business with ten locations in mid-coast Maine, a position he has held since 1978. Mr. Flanagan also serves as President of Pine Tree Products, is a member of the board of trustees of Coastal Healthcare Alliance and serves on the board of directors of the Forest Society of Maine. Mr. Flanagan has also served as a member of the board of directors of the Waldo County YMCA for 18 years.

S. Catherine Longley

Ms. S. Catherine Longley is an Independent Director of Camden National Corporation, since April 1, 2014. She serves as the Vice President and Chief Financial Officer at The Jackson Laboratory in Bar Harbor, Maine, a non-profit institution focusing on genetics to advance human health, a position she has held since 2016. Prior to joining The Jackson Laboratory, she served as Senior Vice President for Finance and Administration and Treasurer at Bowdoin College in Brunswick, Maine for fourteen years. Ms. Longley served as the Commissioner of the Maine Department of Professional and Financial Regulation in the cabinet of former Governor Angus S. King, Jr. from 1995 - 2002. From 1983 - 1995, Ms. Longley practiced law at the firm of Verrill Dana LLP located in Portland, Maine as a partner in its corporate law department. Ms. Longley currently serves as a trustee of Wheaton College in Norton, Massachusetts.

Marie McCarthy

Ms. Marie J. McCarthy is Independent Director of the Company. McCarthy has worked primarily in Human Resources throughout her career, and her role has expanded in recent years to include oversight of L.L.Bean’s Operations, including Fulfillment, Returns, Manufacturing, Customer Satisfaction and Corporate Facilities. She is a member of L.L.Bean’s Investment and Retail Real Estate Committees, she convenes the Corporate Real Estate Committee, and she serves as Chair of the Benefits Committee. McCarthy holds a Bachelor’s degree in Psychology from University of Wisconsin-Madison and a Master’s degree in Industrial Relations from University of Rhode Island.

David Ott

Mr. David J. Ott is Independent Director of Camden National Corporation. Prior to Mr. Ott's retirement in 2007, he held senior leadership positions for over 25 years with Fleet Financial Group and Banknorth, Inc., including President of Fleet Bank of Maine and Senior Executive Vice President and Chief Banking officer of Banknorth, Inc. His previous experience includes commercial lending and credit administration throughout New England. Mr. Ott is an accomplished former executive who is highly knowledgeable of the financial services industry. His prior experience as an executive and board member of several financial institutions and his understanding of the regulatory environment that the Company operates in, along with his strong credit skills, extensive knowledge of the Maine market, and his prior banking experiences uniquely positions him to support the Company in its strategic and growth efforts. Because of his substantial financial knowledge and experience, he has been selected to serve on the Audit Committee and as a member of the Bank’s Directors Loan Review Committee. Mr. Ott currently serves as a director of Maine Machine Products and HTech Holdings, Inc., and has served numerous community organizations in leadership roles, many of which had statewide presence.

James Page

Dr. James H. Page, Ph.D., is Independent Director of Camden National Corporation. He is the Chancellor of the University of Maine System, with responsibilities for its seven campuses, law school, and associated programs and facilities, a position he has held since 2012. Previously, Dr. Page was Chief Executive Officer of the James W. Sewall Company in Old Town, Maine, which provides comprehensive consulting services in forestry, engineering, and geographic information management. Dr. Page has also been an Adjunct Professor as well as a member of the Board of Visitors at the University of Maine at Orono. He was a founding director of the Gulf of Maine Oceanographic Observing System. He is also an ex officio board member of the Alfond Scholarship Program.

Carl Soderberg

Mr. Carl John Soderberg is Independent Director of Camden National Corporation. He is currently the President of Soderberg Company Inc., a construction company located in Caribou, Maine, a position he has held since 1992. Mr. Soderberg is also owner of Monica's Scandinavian Imports, York Street Complex, Inc, Nordic Properties, Inc. and a partner in C.S.S. Development Inc., all of which are real estate development companies located in Caribou, Maine. He served as a director of The Bank of Maine, the wholly-owned subsidiary of SBM Financial, Inc., until its acquisition by the Company and served as a director of First Citizens Bank from 1996 to 2007. Mr. Soderberg is currently on the board of directors for Cary Medical Center serving on the Finance and Strategic Planning Committees. He also serves as a director for the Bigrock Mountain Ski Area and Northern Skiers Club.

Michael Archer

Basic Compensation