Associated Banc-Corp announced that Christopher Del Moral-Niles has been named chief financial officer.
Niles will succeed Joe Selner, who after 39 years of service will retire from Associated this summer.
Selner joined Associated in 1973 as an internal audit manager. He quickly rose through the ranks to become Associated’s first CFO in 1983 and has guided the company’s finance, treasury, and reporting functions and accounting policies through the last several decades of growth and its recent challenges. Selner will remain a member of Associated’s executive committee until his retirement.
Niles joined Associated in July 2010 as executive vice president and corporate treasurer and was elevated to the role of deputy CFO and joined the company’s executive committee in July 2011. In his new role, Niles will assume overall responsibility for the company’s financial management.
“I feel fortunate to have worked with Joe to restore Associated to the health we find it in today,” said Philip Flynn, president and chief executive officer of Associated. “We have been working with Joe and Chris since last July to ensure a smooth transition and I am confident that Chris will build upon the strong foundations Joe has laid to advance our financial transparency and value management objectives.”
Niles brings more than 20 years of financial services experience to his new role. He joined Associated from The First American Corp., a diversified financial services holding company, where he held a variety of positions including serving as corporate treasurer and as divisional president for First American Trust, FSB. Previously, Niles served as senior vice president and director of liability management for Union Bank, a division of The Bank of Tokyo-Mitsubishi UFJ, Ltd.
