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Fulton Forward Foundation is an independent non-profit private foundation funded by Fulton Bank. PHOTO/FILE
Fulton Financial Corp. names executive VP, CFO
Fulton Financial Corporation has hired Richard Kraemer as senior executive vice president and CFO designee.
Kraemer will take the role of CFO in the fourth quarter of 2024, replacing Interim CFO Betsy Chivinski, who will retire from Fulton at the end of the year.
“I would like to thank Betsy Chivinski for her many years of service to Fulton,” said Chairman and CEO Curt Myers. “She’s been an integral part of this company’s success. We greatly appreciate all of her contributions over the years and wish her well in retirement.”
Kraemer will join Fulton on September 3 and will oversee accounting, treasury, corporate development, tax, financial planning and forecasting, and investor relations. He also will be responsible for advising the Office of the CEO and the board of directors on all financial matters, the company said in a release.
“I’m confident Rick is the right person to serve as our next Chief Financial Officer,” said Myers. “He has a proven track record of leading a commercial line of business, overseeing corporate finance functions and developing enterprise strategies to improve profitability.”
Kraemer has more than 20 years in the financial services industry. He holds a Bachelor of Science degree in Finance from the Fordham University Gabelli School of Business.
Last week, Fulton announced plans to close 13 financial centers in the Philadelphia area and five former Republic Bank branches after its acquisition of Republic Bank.
