Melanie S. Cibik has been appointed to Opus Bank’s board of directors, and appointed a member of each of the Compensation Committee and the Nominating and Corporate Governance Committee. Concurrently, director Mark E. Schaffer voluntarily resigned from the board in accordance with the board’s retirement policy. Director Marsha Cameron will replace Schaffer as Chair of the Nominating and Corporate Governance Committee.
“I am pleased to welcome Melanie to Opus’ Board of Directors. Her more than 30 years of experience in legal, compliance, and corporate governance matters will be an invaluable addition to Opus’ already extremely talented Board. I look forward to working with Melanie and the rest of the Board through the next phase of evolution for Opus Bank,” said Paul W. Taylor, director, president and chief executive officer of Opus Bank.
Paul G. Greig, chairman of the board of Opus Bank, stated, “I want to thank Mark for his many years of service and contributions to Opus Bank, having served on the Board since the formation of the company in September 2010. Mark’s contributions have benefited the company immensely and he should be commended for his dedication and thoughtful leadership.”
Cibik is Senior vice president, general counsel, chief compliance officer and secretary of Teledyne Technologies Incorporated (Teledyne), where she oversees its legal, compliance, human resources, ethics and corporate governance programs and its corporate secretariat office, regularly interfacing with the board of directors and its standing committees and senior management. Previously Cibik was senior counsel of the Regulatory/Mergers and Acquisitions Group and Treasury Management Subgroup of PNC Bank.