Park National Corp. has announced that David Trautman, now president of the business, will also become CEO of Park National Bank and Park National Corp. as of Jan. 1. Current Chairman and CEO C. Daniel DeLawder will continue to serve as chairman of both entities.
"This carefully planned transition follows the leadership model that has successfully served our organization for decades," DeLawder said in a news release. "Continuity, consistency, experience and reliability are keystones in our leadership, and qualities that our shareholders, associates, and clients have come to expect from us. Taking this next step reflects our ongoing commitment to those values."
"David is fully qualified to lead Park, as his 30-plus year tenure and varied experiences combined with his comprehensive financial education and community leadership attest," DeLawder said. "Park has a rare and highly successful practice of planning for succession well in advance, which enables our fundamental values to carry on uninterrupted. I look forward to David leading Park into our exciting future."
DeLawder, who has been CEO since 1999, plans to continue working full-time for Park. CFO Brady Burt will become secretary of the corporation as of Jan. 1, a role now held by Trautman.
Trautman has been president of Park since 2005 and has served as secretary of the corporation since 2002. The graduate of Upper Arlington High School joined Park National in 1983 after earning a bachelor's degree in economics from Duke University. He joined Park as a management trainee and has served as president of the First-Knox National Bank Division and executive vice president of Park National Bank. He holds an MBA from Ohio State University, is a past member of the board of directors of the Ohio Bankers League and served as OBL chairman in 2008.
Newark-based Park National Corp. had $6.6 billion in assets as of June 30 and has 11 community bank divisions, a non-bank subsidiary and two specialty finance companies.