Union Bankshares promoted Carrie Locklin to the position of chief financial officer [1].
This leadership change signals the company's commitment to internal succession planning and the long-term development of its executive team [3]. By elevating Locklin, the firm aims to ensure stability in its financial oversight and strategic planning.
Locklin assumed the role effective July 15, 2024 [2]. She succeeds Karyn Hale in the position, marking a transition in the bank's top financial leadership. The move comes as part of a broader effort by Union Bankshares to strengthen its management pipeline [3].
The promotion reflects a strategic shift toward leadership development within the organization. The company has integrated this appointment into a wider plan to identify and prepare internal candidates for key executive roles [3]. This approach is designed to maintain operational continuity, while introducing new perspectives to the financial management of the bank.
While the company did not provide specific details on the immediate changes to its fiscal policy, the appointment of Locklin is intended to support the firm's ongoing growth objectives. The transition from Hale to Locklin is a key component of the bank's current organizational structure [1, 3].
“Union Bankshares promoted Carrie Locklin to the position of chief financial officer”
The appointment of an internal candidate to the CFO role suggests that Union Bankshares is prioritizing institutional knowledge and continuity over external recruitment. By framing the move as part of a formal succession plan, the bank is signaling to shareholders and regulators that it has a structured approach to leadership transitions, which typically reduces volatility during executive handovers.
