Independent Bank Corp. (NASDAQ:INDB) Q4 2022 Earnings Conference Call January 20, 2022 10:00 AM ET
Company Participants
Chris Oddleifson - President & CEO
Mark Ruggiero - CFO
Conference Call Participants
Mark Fitzgibbon - Piper Sandler
Steve Moss - Raymond James
Laurie Hunsicker - Compass Point
Chris O'Connell - KBW
Operator
Good day, and welcome to the INDB Independent Bank Corp. Fourth Quarter 2022 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]
Before proceeding, please note that during this call, we will be making forward-looking statements. Actual results may differ materially from these statements due to a number of factors, including those described in our earnings release and other SEC filings. We undertake no obligation to publicly update any such statements.
In addition, some of our discussion today may include references to certain non-GAAP financial measures. Information about these non-GAAP measures include reconciliation to GAAP measures may be found in our earnings release and other SEC filings. These SEC filings can be accessed via the Investor Relations section of our website. Please also note that this event is being recorded.
I would now like to turn the conference over to Christopher Oddleifson, President and CEO. Please go ahead.
Chris Oddleifson
Good morning, everyone, and Happy New Year. Thank you for joining us today. I am once again joined by Mark Ruggiero, our Chief Financial Officer; and Rob Cozzone, our Chief Operating Officer. As I'm sure most of you know by now, we recently announced my decision to retire as CEO after 20 years at the helm of our terrific bank.
There really is no mystery here, just customary thoughtful succession planning overseen by our independent directors. The decision to retire was mine. I am healthy and well. And after two decades just felt it was time to pass the baton to someone else to lead the next phase of our growth and long-term success. The Board has made a great choice in Jeff Tengel to lead that effort. Jeff will formally assume as CEO role on Monday, February 6.
I'll remain an Executive -- in an Executive Advisory role until the end of this year. I will also continue to serve as a Director until my term expires in May 2023. The CEO transition does not reflect the change in our strategic direction whatsoever. Also after many years of succession planning, we recently elevated two long-term commercial colleagues, Jim Rizzo, Catherine O'Malley to our executive leadership team, both will continue to report to our President, Gerry Nadeau.