Position
Chief Executive Officer
Company
Enterprise Bank
Description
Enterprise Bank has announced the retirement of John “Jack” Clancy Jr. from the position of Chief Executive Officer, which he held since 2007. Steven Larochelle, the company’s chief banking officer, has succeeded Clancy as CEO
Executive Insights
Based on hiring dataNew executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months