Press release
Camden National Corporation Announces Succession for Chair of its Board of Directors
Marie J. McCarthy appointed to Vice-Chair of the Board and to succeed Lawrence J. Sterrs as Chair of the Board upon his retirement. CAMDEN, Maine, Sept. 9,
About this update from Camden National Corporation
[{"type":"text","content":"Marie J. McCarthy appointed to Vice-Chair of the Board and to succeed Lawrence J. Sterrs as Chair of the Board upon his retirement.\nCAMDEN, Maine, Sept. 9, 2025 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; \"Camden National\" or the \"Company\"), is pleased to announce the appointment of Marie J. McCarthy as Vice-Chair of the Board of Directors of the Company (the \"Board\"), effective immediately, and as Chair of the Board, effective upon the retirement of Mr. Lawrence \"Larry\" J. Sterrs. McCarthy's extensive executive and leadership experience will be invaluable to the Board as it continues to focus on driving long-term value creation.\nMr. Sterrs will retire from the Board, effective December 31, 2025, after 10 years of distinguished service on the Board, including serving as Chair of the Board since 2017.\n\"Today's announcement marks the successful conclusion of a thoughtful and well-executed succession process led by the Board and Larry, designed to ensure leadership continuity and the ongoing success of the Company,\" said Simon Griffiths, President and Chief Executive Officer of Camden National. \"As Larry prepares to retire after more than a decade of dedicated service, we extend our sincere gratitude for his many contributions.\"\nMs. McCarthy has served as an independent member of the Board since 2018, chairing the Compensation Committee and serving on the Technology Committee.\nMr. Griffiths continued, \"Marie has had a profound impact on our business, consistently applying a disciplined approach to strategy, execution, and customer experience. She brings both a global and community-focused perspective, along with deep expertise in people and culture. Her more than 30 years of leadership at L.L.Bean, particularly in real estate and operational excellence, make her an invaluable asset to our organization.\"\n\"Marie McCarthy has been a valued voice on the Board and a distinguished leader serving global businesses and nonprofit communities,\" said Mr. Sterrs. \"As I retire and we celebrate Camden National Bank's 150th anniversary, I am thrilled she will step into the role of Board Chair, and am confident she will guide the Board with strength and vision. I also want to thank my fellow directors and Simon Griffiths for their leadership during this transition.\"\nMs. McCarthy served as Chief Operations Off...