Dennis Klaeser will step down as TCF Financial chief financial officer on October 1, 2020, and Brian Maass, deputy chief financial officer and treasurer, will assume the role. Maass will report directly to Craig Dahl, president and chief executive officer.
After Klaeser steps down as chief financial officer (CFO), the company intends to enter into an exclusive consulting agreement with Mr. Klaeser to provide strategic advice and assistance to TCF’s senior executive leadership.
“We are grateful for Dennis’ significant contributions throughout our merger of equals and at our legacy banks,” said Craig Dahl, president and chief executive officer at TCF Financial Corporation. “We look forward to Dennis’ continued leadership of the finance team until his transition date, and he will continue to be actively involved in ensuring the success of integration activities through the third quarter of 2020.”
He added, “I have worked with Brian for seven years and I am pleased to announce him as our next CFO. He has been instrumental in guiding our financial strategy pre-merger and in leading the finance and treasury functions through the close of our merger of equals and during our integration. I look forward to Brian’s leadership as he transitions to the CFO role next year and as we work to deliver on our merger commitments.”
Klaeser began serving as executive vice president and CFO at TCF with the closing of the merger of equals on August 1, 2019. He previously served as executive vice president and CFO at Chemical Financial for three years, and served as CFO of Talmer Bancorp and First Place Bank. Klaeser also held leadership roles at Raymond James, PrivateBancorp, Anderson Corporate Finance and EVEREN Securities.
Maass assumed the role of executive vice president, deputy CFO and treasurer at TCF following the closing of the merger of equals on August 1, 2019. Before the merger, he served TCF as its CFO for nearly four years, and treasurer and chief investment officer for three years. Maass previously held leadership roles at Wells Fargo and Crowe.
