Citizens Banking Corporation's General Auditor to Retire; Interim Auditor Named.FLINT, Mich. -- Citizens Banking Corporation (Nasdaq:CBCF CBCF Canadian Breast Cancer Foundation CBCF Congressional Black Caucus Foundation CBCF Community Based Corrections Facilities CBCF Commander, Base Communications Facility ) announced today that Richard J. Mitsdarfer, senior vice president and general auditor for the corporation and for Citizens Bank, will retire from the company effective Oct. 1. "Richard has done an excellent job and contributed greatly to the success of Citizens Bank throughout his tenure here," said William R. Hartman, chairman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Citizens Banking Corporation. "Richard has been instrumental in helping us move toward achieving our vision of operational excellence." Mitsdarfer, 56, joined Citizens as vice president and general auditor in 1984 and was named senior vice president in 1987. A certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. and a certified bank auditor, Mitsdarfer is a member of the Institute of Internal Auditors “IIA” redirects here. For IIA in decision theory, see Independence of irrelevant alternatives. Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association of more than 128,000 members with global headquarters in , and is a former board member and past president of the Lansing, Mich., chapter of the institute. He also is a member and former chairman of the Audit Committee of the Michigan Bankers Association. Hartman announced that Tony Hawking
Hartman said Hawking, as interim general auditor, will report directly to the corporation's board of directors through its audit committee and will also join the company's Leadership Group of executives. Hawking joined Citizens in October 2002 and has assisted the bank in the development of a new budgeting process and financial performance indicators and tracking mechanisms. Hawking previously spent 14 years in financial management positions with Bank One, including director of retail acquisitions and divestitures. He also held the positions of CFO See Chief Financial Officer. of Bank One Kentucky and Bank One Dayton. Citizens Banking Corporation is a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company, providing a wide range of commercial, consumer, mortgage banking, trust investment and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against services to a broad client base. Citizens Banking Corporation serves markets through Citizens Bank offices in Michigan, and through F&M Bank offices in Wisconsin and Iowa. Citizens Banking Corporation is the second-largest bank holding company headquartered in Michigan, with assets of $7.748 billion as of June 30, 2004. More information about Citizens Banking Corporation is available at www.citizensonline.com. |
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