Bank OZK has approved an increase in the size of its board of directors from 16 to 18 and named two new members.
The board elected Beverly Cole and Steven Sadoff to fill resulting vacancies. Their positions are effective immediately and each will serve as a director until the bank’s 2019 annual meeting of shareholders and until their respective successors are elected and qualified.
Cole is the Chief Executive Officer of Cole Renwick, LLC, a family-owned real estate company in Glendale, California. She is also an entrepreneur and consultant advising clients on U.S. real estate market investing and has been a limited partner in a number of investment funds.
Sadoff is the Chief Information Officer of Fenics, a business of BGC Partners Inc. in New York City. Prior to joining BGC Partners, Sadoff was a Managing Director for Bank of America Merrill Lynch, overseeing technology globally for Central Risk Book, Electronic Trading, Sales, Research and Capital Markets.
“We are extremely pleased to add these two highly accomplished and well-respected industry leaders to our distinguished Board of Directors,” said George Gleason, Chairman of the Board and Chief Executive Officer. “Beverly Cole’s impressive legal, real estate and regulatory expertise and Steven Sadoff’s extensive financial and technology expertise will further enhance our Board’s capabilities. We are confident their unique insights will help guide our Bank’s continued growth and industry leading financial performance.”
Cole will serve on the board’s Risk Committee and its CRA and Fair Lending Committee, and Sadoff will serve on the board’s Risk Committee and its Information Systems Steering Committee.