Brief: Southstate Corp - On March 2 Co Entered Separation, Transition Agreement With Robert R. Hill, Jr., Co's Executive Chairman

SouthState Bank

03/03/2023 21:15

March 3 (Reuters) - SouthState Corp  SSB.O :
    * SOUTHSTATE CORP - ON MARCH 2 CO ENTERED SEPARATION,
TRANSITION
AGREEMENT WITH ROBERT R. HILL, JR., CO'S EXECUTIVE CHAIRMAN
    * SOUTHSTATE CORP - PURSUANT TO AGREEMENT HILL WILL BE
SEPARATING
FROM HIS EMPLOYMENT EFFECTIVE AS OF APRIL 26, 2023
    * SOUTHSTATE CORP - TO ELIMINATE ROLE OF EXECUTIVE CHAIRMAN
AS
PART OF BROADER, ONGOING EFFORT TO ENHANCE INDEPENDENCE OF CO'S
BOARD
    * SOUTHSTATE CORP - BOARD APPOINTED DOUG HERTZ AS
INDEPENDENT
CHAIR OF BOARD, EFFECTIVE AT END OF HILL’S TERM AS EXECUTIVE
CHAIR, FOR ONE-YEAR TERM

Source text: [ID:http://bit.ly/3IRosz9]
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