Chivinski, Chief Risk Officer of Fulton Financial Corporation, was named to serve as the company’s Interim Chief Financial Officer on February 8, 2024, with immediate effect. With this appointment, Ms. Chivinski will step down from her position as Chief Risk Officer. The biographical data of Ms. Chivinski is incorporated by reference in this item and can be found in the company’s Definitive Proxy Statement, which was filed with the Securities and Exchange Commission on April 3, 2023.
Fulton previously signed a Key Employee Change in Control Agreement and an Executive Employment Agreement with Ms. Chivinski, both of which went into effect on January 1, 2018. Ms. Chivinski’s base pay was raised to $500,000 per year upon her employment as the company’s interim chief financial officer. Ms. Chivinski is still qualified to take part in Fulton’s long-term incentive plans that are based on equity and its annual cash bonus.
The appointment of Ms. Chivinski to her post was not based on any agreements or understandings between her and any other individual. Ms. Chivinski has no familial ties to any of the company’s directors or executives, nor does she have any interest, either direct or indirect, in any transactions in which the company takes part.
Atul Malhotra received a promotion as Chief Risk Officer of the Company and the Bank on February 8, 2024. Before spending more than eight years as the company’s managing director of enterprise risk management, Mr. Malhotra worked for Deloitte & Touche LLP for thirteen years in a variety of capacities, offering the financial services sector enterprise risk advisory services.
