March 16, 2001
Attention RMA Associates:
It is with great pleasure that we announce the appointment of Maurice H. Hartigan II as the new President and CEO of RMA-The Risk Management Association. This appointment will become effective June 11, 2001. After conducting a nationwide search, RMA's Executive Board of Directors believes it has chosen an excellent leader who will guide RMA's efforts as it continues to seek new and better ways to manage risk. The transition period will begin in mid-April with Maury and current CEO, Al Sanborn, working together until Al "redirects" on or about June 10. Al's intention to move to Santa Fe was noted in a letter sent to associates in September 2000.
Maury has more than 35 years of industry experience and he brings a wide range of banking knowledge to RMA. For the past five years, Maury was one of two corporate EVPs at PNC where he helped make many major changes in how PNC views and manages risk. He also helped to institute changes in how PNC manages a number of its key businesses. Before joining PNC, Maury was with Chemical Bank for 30 years where he led a number of the company's most credit-intensive businesses. We are also delighted that he has an understanding of community bank issues as a result of his experience directing correspondent banking at Chemical in the early 1980s.
Other leadership roles that Maury held at Chemical Bank included:
- SVP, Corporate Banking
- SVP, Financial Services Division (Chemlink, etc.)
- EVP - Head of International Division
- Chairman, Credit Policy Committee
- Executive in Charge - Chemical Realty Group
- Senior Managing Director - Multinational
Maury holds a BA from Georgetown and an MBA from CCNY. He also attended the Advanced Management Program at Harvard.
Maury will be the sixth chief executive to serve RMA since its founding in 1914 and he is the first to come into the office under the Association's new name, RMA-The Risk Management Association. We believe Maury's extensive experience and his understanding of the industry make him an excellent choice to lead RMA as it continues to expand its commitment to risk management best practices.
We are confident that under Maury's leadership, RMA will continue to provide excellent value to our members as they seek ways to mitigate risk and enhance shareholder value. Please join us in welcoming Maury to RMA.
Sincerely,
Bill Perotti
RMA Vice Chair;
Chair, Search Committee
Bill Scholl
RMA Chair
Al Sanborn
President & CEO