Fulton Financial Corporation (Nasdaq: FULT) (Corporation) today announced that Betsy Chivinski (Chivinski) has been named interim chief financial officer (CFO), replacing Mark McCollom who resigned from Fulton Financial on February 8, 2024. In a related announcement, Atul Malhotra (Malhotra) has been promoted to chief risk officer (CRO) to succeed Chivinski in that role. Both changes are effective immediately.
Previously chief risk officer, Chivinski will now serve as senior executive vice president and interim CFO and will continue to report to Chairman and CEO Curt Myers. She will be responsible for the overall financial governance of the corporation until a new CFO is named.
“Betsy has more than 40 years of experience in the financial services industry. Her deep knowledge of Fulton, her strong accounting background, and her proven leadership skills will serve us well as we search for our next senior executive vice president and CFO. I’m confident she is the right person to lead our financial team as we begin our search for a new CFO,” said Myers.
Chivinski has served in a variety of leadership positions at the Corporation, having joined the bank nearly 30 years ago. She has been Senior Executive Vice President and Chief Risk Officer of the Corporation since 2016. Previously, she served as chief audit executive and chief accounting officer. Prior to joining Fulton, she served as senior manager at Arthur Andersen & Co. She holds a Bachelor of Arts degree in Accounting from Franklin & Marshall College.
Replacing Chivinski, Malhotra will serve as executive vice president and chief risk officer and will report to Myers. He will be responsible for governance of the bank’s risk management programs.
“Atul is a seasoned risk management executive and I’m confident he will make a vital contribution as he joins Fulton’s enterprise leadership team. His deep understanding of the complexities of the financial services industry will be invaluable as he seeks to maintain and build upon our effective risk management framework in an ever-changing environment,” said Myers.
Malhotra has more than 20 years of experience in corporate governance, risk management and regulatory strategy. Previously, he served as managing director of enterprise risk management. In the past Malhotra served as a regulatory and risk strategy consultant for various publicly traded companies, including large, global financial institutions. Malhotra holds a Bachelor of Arts in Business Administration and Computer Science from Franklin & Marshall College, in addition to having earned several certifications, including Certified in Risk and Information Systems Controls (CRISC) and Certified in Risk Management Assurance (CRMA). He is also a graduate of the ABA Stonier Graduate School of Banking.
About Fulton Financial Corporation
Fulton Financial Corporation, a $27 billion Lancaster, Pennsylvania-based financial holding company, has approximately 3,300 employees and operates more than 200 financial centers in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through Fulton Bank, N.A.
Additional information on Fulton Financial Corporation and Fulton Bank is available at fultonbank.com.
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