Camden National Corporation Announces Succession for Chair of its Board of Directors

Core Points - Camden National Corporation has appointed Marie J. McCarthy as Vice-Chair of the Board and will succeed Lawrence J. Sterrs as Chair upon his retirement [2][3] - Mr. Sterrs will retire on December 31, 2025, after 10 years of service, including serving as Chair since 2017 [3][4] - The succession process was described as thoughtful and well-executed, ensuring leadership continuity [4] Leadership Experience - Marie J. McCarthy has over 30 years of leadership experience, notably at L.L.Bean, where she served as Chief Operations Officer [5] - McCarthy has been an independent member of the Camden National Board since 2018, chairing the Compensation Committee and serving on the Technology Committee [4][5] - Her expertise includes operations, customer satisfaction, and corporate real estate management [5] Company Overview - Camden National Corporation is the largest publicly traded bank holding company in Northern New England, with $6.9 billion in assets [7] - The company operates 72 banking centers in Maine and New Hampshire, offering full-service community banking and digital services [7]