Columbia Banking System Announces Leadership Transition to Strengthen Governance and Strategic Alignment

Columbia Banking System Reinforces Governance with New Leadership Structure

Columbia Banking System, Inc. announces a significant leadership transition as Clint Stein is appointed Chair of the Board of Directors, effective January 22, 2026. Stein, who is currently the President and Chief Executive Officer, will assume this additional responsibility to enhance alignment between the Board and management. This move reflects Columbia’s commitment to strong governance practices and accountability as it pursues its long-term strategic goals. The Board of Directors believes that Stein's leadership has been crucial in steering the company through a phase of disciplined growth and effective risk management since he took the helm as CEO in 2020.

The transition comes as Maria Pope, the outgoing Chair, shifts to the role of Lead Independent Director. In her new position, Pope will oversee independent director sessions, act as a liaison between independent directors and the Chair, and engage with shareholders. Her contributions since joining the Board in 2014 have been vital in guiding Columbia through significant growth, and her leadership in the new role is expected to facilitate a seamless governance structure. Meanwhile, Luis Machuca, who currently chairs the Nominating and Governance Committee, is slated to succeed Pope following Columbia's 2026 annual meeting, ensuring continuity within the Board.

Stein expresses gratitude for the confidence placed in him by the Board and emphasizes his commitment to advancing Columbia's strategic objectives while serving the needs of clients and communities. The leadership changes underscore the company’s focus on relationship-driven banking, reinforcing its dedication to delivering long-term shareholder value while adhering to best practices in governance. As Columbia Banking System navigates the evolving landscape of the financial services industry, this strategic approach positions the company to meet future challenges and opportunities effectively.

In addition to the leadership changes, Columbia Banking System continues to prioritize its community engagement and client relationships. The company's strategic focus on relationship-driven banking is evident in its initiatives aimed at deepening ties within its markets. As the financial landscape evolves, Columbia remains committed to providing exceptional service and fostering strong connections with customers and stakeholders alike.

Overall, these governance enhancements signal Columbia’s proactive stance in ensuring robust oversight and strategic alignment as it embarks on the next phase of its growth journey.