A selection committee is reviewing internal and external candidates to replace Hartigan.
Philadelphia, PA (October 31, 2006)—Maurice H. Hartigan II, president and CEO of The Risk Management Association (RMA), today announced his plans to retire in the second quarter of 2007. Hartigan, who will be 67 in November, informed RMA's directors of his intention at a recent board meeting in Chicago. A selection committee of present and past board members has been formed to work with Christian & Timbers, an executive search firm, in reviewing internal as well as external candidates to succeed Hartigan.
The sixth CEO in RMA's 93- year history, Hartigan has led the Philadelphia-based professional association since April 2001. During his tenure, RMA has enjoyed a period of membership growth as well as product expansion. For the fiscal year ended August 31, 2006, RMA posted record revenue of nearly $25 million. RMA serves nearly 3,000 institutional members with educational courses, studies, conferences, roundtables and other services specifically designed to assist them with the increasing challenge of managing risks within an enterprise. RMA reaches its members through 120 chapters located throughout North America, Europe, Asia, and Australia.
About RMA
Founded in 1914, The Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk.
Headquartered in Philadelphia, Pa., RMA has 3,000 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by 17,000 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific.
Contact:
Kathleen M. Beans
RMA Public Relations Manager
215-446-4095
kbeans@rmahq.org