Core Viewpoint - Safe Harbor Financial announces the retirement of CEO Sundie Seefried in 30 days, with Terry Mendez appointed as co-CEO and set to become CEO upon Seefried's retirement, reflecting a strategic succession plan aimed at long-term growth and maximizing shareholder value [1][2][4]. Company Transition - Sundie Seefried will serve as co-CEO during the transition period and will remain on the Board of Directors post-retirement [2]. - Terry Mendez has signed a three-year executive employment agreement and will work closely with the leadership team to drive innovation and growth [3][4]. Leadership Experience - Terry Mendez brings extensive experience in strategic planning and operational transformation, having previously led turnaround efforts in the cannabis industry and served in senior roles at major firms [4]. Company Background - Safe Harbor is a pioneer in providing banking and financial services to the cannabis industry, having facilitated over $25 billion in deposit transactions across 41 states and territories over the past decade [5].
Safe Harbor Financial Commences CEO Succession and Strategic Planning Initiative