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The substantial payout was only possible because AmerisourceBergen relied on a controversial accounting method: excluding legal settlement costs from its year-end CEO evaluation.
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GREEN BAY, Wis., Jan. 21, 2021 /PRNewswire/ Associated Banc-Corp (NYSE: ASB) ( Associated ) today announced that president and chief executive officer Philip B. Flynn has informed the Company s Board of Directors of his plans to retire from the company at the end of 2021.
The Board has commenced a search for a permanent successor, under the oversight of the Succession Planning Committee of the Board and with the assistance of Diversified Search Group, which will consider internal as well as external candidates. Mr. Flynn will continue as president and CEO until a successor is in place, at which time he will step down from both roles and from the board of directors. Mr. Flynn will then be available to the new CEO in an advisory capacity and as an ambassador for the bank.