Associated Bank Chief Financial Officer Christopher J. Del Moral-Niles will retire from the company this year.
Moral-Niles said retiring was a decision made by both he and President/CEO Andrew Harmening, “to attend to personal matters and my family’s interests, as well as to continue serving on a number of boards.” Moral-Niles, who joined Associated Bank in 2010, has spent more than 33 years in finance. He has held numerous leadership positions at Associated, including as treasurer, where he played a leading role in the restructuring the bank’s capital base, exit from the Troubled Assets Relief Program and re-establishment of the bank’s strong ratings profile; and as principal accounting officer, where he oversaw new financial systems and processes. He assumed the CFO position in 2012. Over the past decade, Moral-Niles led Associated’s transition from NASDAQ to the New York Stock Exchange, its acquisitions of Bank Mutual and Huntington’s Wisconsin branch network; and other key projects.
Harmening said Moral-Niles “has been an instrumental member of our leadership team, strengthening our balance sheet and expanding it by over 50 percent during his tenure, which contributed meaningfully to our growth.” Also, Harmening spoke highly of Moral-Niles’ role in expanding the bank’s balance sheet by more than 50 percent during his tenure. “Chris helped me quickly find my footing at Associated, and I’m grateful to him for his partnership and generosity of spirit,” Harmening said. “We appreciate his dedication to Associated and his support for a seamless and successful transition.”
The company has retained Diversified Search Group to assist them in the search for a successor to Moral-Niles. He will remain in his role until a successor is found.