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CVB Financial Corp. Announces Appointment of David A. Brager as new CEO Effective March 16, 2020
David A. Brager, Executive Vice President & Sales Division Manager, will succeed Christopher D. Myers, who is scheduled to retire on March 15, 2020 ONTARIO,
About this update from Cvb Financial Corporation
[{"type":"text","content":"\n\nDavid A. Brager, Executive Vice President & Sales Division Manager, will succeed Christopher D. Myers, who is scheduled to retire on March 15, 2020\n\n\n ONTARIO, Calif.--(BUSINESS WIRE)--\nCVB Financial Corp. (NASDAQ:CVBF) and its principal subsidiary, Citizens Business Bank (together, “the Company”), announced that the Company’s Board of Directors has chosen David A. Brager to be the organization’s next Chief Executive Officer. Mr. Brager, who currently serves as Executive Vice President, Sales Division Manager, will assume the role on March 16, 2020 upon the scheduled retirement of the Company’s current President and CEO, Christopher D. Myers. Concurrently, Mr. Brager is being appointed to the respective Boards of Directors of CVBF and Citizens Business Bank.\n\n\nCVBF’s Board of Directors led a thorough, nationwide search in partnership with Spencer Stuart, a leading executive search firm. The promotion of Mr. Brager affirms the quality of the Company’s senior management team and the Board’s confidence in the Company’s strategy and continued strong performance. In order to facilitate a smooth and orderly transition, Mr. Myers, who has served as the Company’s CEO since 2006, will remain available to the Company as a consultant through December 31, 2020.\n\n\n“Our Board is very grateful for Chris Myers’ leadership the past 13 years and is truly delighted to have selected Dave Brager as CEO to lead our Company’s next chapter,” said Raymond V. O’Brien III, the Company’s Chairman of the Board. “Following Chris’ decision to retire, which was announced this past July, our Board engaged in a thoughtful evaluation process. While the Board was of course already impressed with Dave, it was important and helpful to have the opportunity to benchmark his candidacy against an extensive, nationwide field of contenders. We are quite pleased with the outcome.”\n\n\n“I am truly honored that our Board has chosen me to lead this outstanding organization that has been named #1 on the Forbes’ America’s Best Banks list for two of the past four years —including 2020,” said David A. Brager, Executive Vice President, Sales Division Manager and the Board’s appointee to be the next CEO of the Company. “I see this as a terrific opportunity to leverage my deep understanding of our Bank’s growth strategies and local geographic markets to continue to de...