His tenure saw $100 billion in assets under management
ATB Financial announced Wednesday that president and CEO Curtis Stange will retire after a 16-year tenure, including more than seven years as head of the Alberta-based financial institution. The Board of Directors has begun a formal search for his successor, engaging Russell Reynolds Associates to lead the process.
“ATB Financial is in a strong position to bring in a new leader,” said Joan Hertz, chair of ATB Financial’s board. “Thanks to Curtis’s leadership and vision, we have tremendous momentum as a company. Our Board’s approach to continual succession planning and the gold standard we hold for Crown governance have us well-equipped to lead this selection process.”
Stange’s leadership coincided with record-breaking results. Under his direction, ATB surpassed $100 billion in total assets and assets under management, while also expanding its portfolio through acquisitions. The company now holds one of the strongest balance sheets among regional financial institutions in North America.
“It has been my honour to lead ATB Financial and all of our incredible team members, and to get to work across the financial services industry for four decades,” Stange said. “Now is the right time for me personally and the right time for the company to bring in a new leader thanks to the strength of our senior leadership team, the strategic plan we have in place, and the commitment of our team members in helping our clients reach their financial goals.”
In addition to financial growth, Stange championed initiatives focused on culture, leadership development, and community impact, the company highlighted. His efforts included the establishment of the ATB Community Foundation, the launch of an accredited leadership program with the University of Alberta, and recognition as one of Canada’s best workplaces by Great Place To Work® for 10 consecutive years.
“I want to thank Curtis for his unwavering dedication to delivering both outstanding financial results and to advancing a world class, purpose-driven culture at ATB Financial,” Hertz said. “I look forward to seeing how he will continue making an impact for Alberta through his board and community work.”
Stange will remain in his role during the leadership transition. The company expects to announce a new president and CEO by December.
