Kearny Financial (KRNY) has shared an update.
Kearny Financial Corp. has announced key executive promotions, with Keith Suchodolski ascending to Senior Executive Vice President and Chief Operating Officer, while Sean Byrnes steps up as Executive Vice President, Chief Financial Officer, and Principal Accounting Officer. Both promotions are effective from July 1, 2024. Suchodolski previously held the CFO position, and Byrnes served as Deputy CFO. Additionally, Byrnes secured a change in control agreement providing significant severance benefits. Simultaneously, the Bank revised its Executive Management Incentive Compensation Program, simplifying it by removing a previous performance condition. These strategic moves signal Kearny Financial Corp.’s commitment to robust leadership and incentivizing executive performance.
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