Camden National gets new board chairman

The board of directors of Camden National Corp. recently elected Lawrence J. Sterrs to succeed Karen Stanley as chairman of the company and Camden National Bank effective Sept. 17, according to a news release from the bank.

Stanley, who joined the board of directors in 2008 and became chairwoman in 2010, retired from the board Sept. 17. John Holmes, who has served on the board since 1988, retired on Sept. 15.

During Stanley’s seven years as Camden National Corp. chairwoman, Camden National Bank acquired 14 banking centers from Bank of America in 2012, acquired The Bank of Maine in 2015 and consolidated and re-branded Acadia Trust as Camden National Wealth Management in 2016.

Sterrs has served on the Camden National Corp. board of directors since January 2015, and he was named vice chairman effective January 2017. He is a member of the Compensation and Technology committees, and he became chairman of the Governance and Risk Committee when he succeeded Stanley as board chairman. He brings over 40 years of professional experience in the telecommunications industry. He is board chairman of UniTek Inc. and its telecom subsidiary, UniTel Inc., and he was formerly CEO of each company. Since 2001, Sterrs has been chairman and CEO of the Unity Foundation, a public charity founded in 2000 that provides strategic grant making, and executive and board coaching to nonprofit organizations throughout Maine.

Sterrs brings deep experience with strategic planning and operational management, having previously worked for ConTel Corp. and BerryDunn McNeil and Parker LLC. He is an experienced board leader holding previous positions on both for-profit and nonprofit boards, including the Telecommunications Association of Maine, Oxford Networks, Good Will-Hinckley and Thomas College.

From a contributed release

Only subscribers are eligible to post comments. Please subscribe or to participate in the conversation. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.