Business
First Interstate Bancsystem Realigns Executive Team
Renee Newman named new Chief Strategy Officer; Russ Lee becomes Chief Banking Officer BILLINGS, Mont.--(BUSINESS WIRE)-- First Interstate BancSystem, Inc.
About this update from First Interstate Bancsystem, Inc.
[{"type":"text","content":"\n Renee Newman named new Chief Strategy Officer; Russ Lee becomes Chief\n Banking Officer\n \n\n BILLINGS, Mont.--(BUSINESS WIRE)--\n First Interstate BancSystem, Inc. (NASDAQ: FIBK) is realigning its\n executive team, adding a Chief Strategy Officer. The new role will be\n dedicated to addressing the increasing complexity of growing a\n successful financial institution in a dynamic environment while\n considering developments, opportunities, and risks with potential to\n impact the business in the long term.\n \n \n Renee Newman has been tapped to serve as the institution’s first-ever\n Chief Strategy Officer. Newman has been instrumental in leading efforts\n to adopt greater strategic focus and alignment across business lines. As\n First Interstate continues to evolve, Newman’s new role will enable her\n to concentrate fully on all growth and innovation strategies of the\n organization.\n \n \n “For First Interstate to continue growing in a highly competitive\n environment, we must expand our strategic mindset and appoint a\n visionary individual to spearhead our efforts. Renee has impressed us\n with her client focus from day one with First Interstate,” said Kevin\n Riley, President and Chief Executive Officer of First Interstate\n BancSystem. “She is the natural choice for this new and critical role,\n established to ensure First Interstate remains a relevant financial\n partner to our clients and communities for years to come.”\n \n \n As Chief Strategy Officer, Newman will focus on strategic alignment\n across First Interstate’s business lines to ensure the bank is well\n positioned to meet the rapidly changing needs of its clients, wherever\n and however they bank. Newman’s responsibilities will include assessing\n the competitive financial services environment, implementing and\n executing strategic business initiatives, and measuring and reporting on\n performance and progress. Newman will lead the digital and product\n teams, data and analytics, as well as oversee marketing, communications,\n and the client contact center - all with a focus on delivering a\n meaningful and differentiated client experience. In addition, Newman\n will also be responsible for the organization’s enterprise planning and\n project management efforts.\n \n \n Newman joined First Interstate in October 2017 to lead Wealth Management\n and Clie...