officers & directors

Senior Management

Cort L. O’Haver
President / CEO
Cort L. O’Haver serves as President and CEO of Umpqua, positions he has held since 2017. Previously, Mr. O’Haver served as the Commercial Bank President of Umpqua Bank since April 2014. He served as Senior Executive Vice President of Umpqua and Umpqua Bank from August 2013 to April 2014, and from March 2010 to August 2013 he served as Executive Vice President/Commercial Banking of Umpqua and Umpqua Bank. From October 2006 until he joined Umpqua, Mr. O'Haver was employed by Mechanics Bank as Executive Vice President and Director of Corporate Banking. Prior to that time, he was a Senior Vice President in charge of the Real Estate Lending Division at U.S. Bank, with responsibility for California, Oregon and Washington.
Joel Brandenburg
EVP / Chief Auditor
Joel Brandenburg serves as Executive Vice President and Chief Auditor for Umpqua Bank, a position he has held since January 2015. Prior to joining Umpqua, Mr. Brandenburg served as Acting General Auditor for Tokyo-based MUFG Union Bank. Prior to that, he was Chief Auditor for Horace Mann Educators and held audit leadership positions with Charles Schwab & Co. and PricewaterhouseCoopers (PwC).
Sheri T. Burns
EVP / Associate Relations
Sheri T. Burns serves as Executive Vice President / Associate Relations of Umpqua and Umpqua Bank, a position she has held since January 2014. Prior to joining Umpqua, Ms. Burns was the SVP & Regional Human Resources Manager of the West Region for KeyBank, a position she held since 2006. She also spent 5 years at Washington Mutual Bank as a Senior HR manager. Prior to her human resources career, Ms. Burns spent several years in the insurance industry as an Account Manager for large commercial clients.
Eve Callahan
EVP / Corporate Communications
Eve Callahan serves as Executive Vice President of Corporate Communications for Umpqua Bank, a position she has held since January of 2011. Before joining Umpqua, Ms. Callahan was Senior Vice President at Lane PR, where she oversaw the development and execution of strategic public relations campaigns for a broad range of consumer and business clients for more than 10 years. In addition to her role as a board member of the Umpqua Bank Charitable Foundation, Ms. Callahan also currently serves on the boards of the Oregon Symphony and Portland Farmers Market.
Rilla S. Delorier
EVP / Chief Strategy Officer
Rilla Delorier serves as the Executive Vice President and Chief Strategy Officer for Umpqua Bank, a position she has held since April 2017. Prior to that, Ms. Delorier served in various executive roles for SunTrust Bank from 2006 to 2016, most recently as the EVP-Consumer Channels, and before that as SVP and Chief Marketing Officer. Prior to joining Umpqua Bank, Ms. Delorier was the Chief Executive Officer of Periphery Associates, a strategic consulting firm.
Marty J. Dickinson
EVP / Cultural Enhancement
Marty Dickinson serves as Executive Vice President / Cultural Enhancement and Government Relations of Umpqua Bank, a position she has held since April 2014. Ms. Dickinson served as the Executive Vice President / Marketing and Communications of Sterling Bank since July 2011 to the time of Sterling’s acquisition by Umpqua in April 2014. She previously spent six years as president of the Downtown Spokane Partnership, where she led a comprehensive downtown marketing and revitalization program including planning, advocacy, enhanced municipal services, project development and business development. Prior to that, she was vice president of both the Spokane Regional Chamber of Commerce and Spokane Area Economic Development Council. Ms. Dickinson currently serves on the State of Washington Regence/Blue Shield Foundation Board, Mobius Spokane Board of Directors, Whitworth School of Business Board, and as chair of the WSU Spokane Advisory Board.
Ronald L. Farnsworth Jr.
EVP / Chief Financial Officer
Ronald L. Farnsworth serves as Executive Vice President/Chief Financial Officer of Umpqua and Umpqua Bank, a position he has held since January 2008 and Principal Financial Officer of Umpqua, a position he has held since May 2007. From March 2005 to May 2007, Mr. Farnsworth served as Umpqua’s Principal Accounting Officer. From January 2002 to September 2004, Mr. Farnsworth served as Vice President – Finance of Umpqua. Mr. Farnsworth served as Chief Financial Officer of Independent Financial Network, Inc. (“IFN”) and its subsidiary Security Bank from July 1998 to the time of IFN’s acquisition by Umpqua in December 2001.
Neal T. McLaughlin
EVP / Treasurer
Neal T. McLaughlin serves as Executive Vice President/Treasurer of Umpqua and Umpqua Bank, a position he has held since February 2005 and Principal Accounting Officer, a position he has held since May 2007. From 2002 until joining Umpqua, Mr. McLaughlin served as Senior Vice President and Chief Financial Officer of Albina Community Bancorp and before that he was Executive Vice President and Chief Financial Officer at Centennial Bancorp and Columbia Bancorp.
Torran B. Nixon
EVP / Head of Commercial & Wealth
Torran (Tory) Nixon serves as Executive Vice President and Head of Commercial & Wealth for Umpqua Bank, a position he has held since June 2016. Prior to joining Umpqua, Nixon served as Division President for the San Diego and Northern California Divisions of California Bank & Trust where he oversaw 50 commercial and community banking offices focused on middle market banking, commercial real estate, private banking and community banking. Prior to his banking career, Nixon was a professional football player for the San Francisco 49ers where he was a member of the 1988 Super Bowl XXIII championship team. He received his MBA from the University of Southern California’s Marshall School of Business and his B.S. degree in business administration (finance) from San Diego State University. He is also a graduate of Pacific Coast Banking School.
Andrew H. Ognall
EVP / General Counsel
Andrew H. Ognall serves as Executive Vice President/General Counsel and corporate Secretary of Umpqua and Umpqua Bank, positions he has held since April 2014. Mr. Ognall was in private practice in Portland, Oregon, with law firms Lane Powell PC from January 2011 to April 2014 and Foster Pepper LLP / Roberts Kaplan LLP (1997-2010), focusing on mergers and acquisitions, securities and corporate finance, community banking, corporate governance, executive agreements and general business matters.
Brian J. Read
EVP / Head of Retail Banking
Brian J. Read serves as the Executive Vice President and Head of Retail Banking for Umpqua Bank, a position he has held since April 2014. Mr. Read served as the EVP over Retail, Private and Wealth Management of Sterling Bank since March 2012 to the time of Sterling’s acquisition by Umpqua in April 2014. Prior to that, he served in various executive roles at Sterling Bank since 2004, and previously was SVP and a retail district manager for U.S. Bank in Seattle. He is a graduate of Santa Clara University, where he earned a Bachelor of Arts degree in history and English. He also earned an MBA from the University of Washington’s Foster School of Business. Brian is a member of Greater Spokane Incorporated’s Board of Trustees and a past chairman and member of the Spokane Area Workforce Development Council.
David F. Shotwell
EVP / Chief Risk Officer & Chief Credit Officer
Dave Shotwell, age 57, serves as the Executive Vice President / Chief Risk Officer and Chief Credit Officer of Umpqua Bank, positions he has held since September 2017 and July 2015, respectively. Before becoming Chief Credit Officer, Mr. Shotwell held the title of Chief Lending Officer for Umpqua Bank, along with several senior credit officer positions with the bank. Prior to that, he was a senior vice president with a top-five national bank and was a consultant to the banking industry with a regional CPA firm.
Lori Smith
EVP / Customer Operations and Support Services
Lori Smith serves as Executive Vice President of Customer Operations and Support Services for Umpqua Bank, a position she has held since November of 2016. Ms. Smith joined Umpqua Bank in 2010 as EVP of Commercial Lending Operations focusing on loan administration, loan servicing, compliance and lending operations. Prior to that time, she worked for more than 20 years in the commercial banking and commercial real estate industry primarily at US Bank and Bank of California.
Ronald E. Stroble
EVP / Home Lending
Ronald E. Stroble serves as the Executive Vice President of Home lending of Umpqua Bank, a position he has held since June 2005. Prior to joining Umpqua, Mr. Stroble was SVP of the Construction Division at JP Morgan-Chase Home Finance. Before that, he held senior level positions with U.S. Bank’s Retail and Wholesale Production Division and with Mellon Bank as National Retail Production Manager.

Board of Directors

Peggy Yvonne Fowler
Lead Independent Director
Peggy Y. Fowler was appointed to the board in April 2009. Ms. Fowler served as CEO and President of Portland General Electric Company (“PGE”) (NYSE: POR)from April 2000 to December 31, 2008 and as Co-CEO from January 1, 2009 to March 1, 2009. She was Chair of the PGE board from May 2001 until January 2004. She served as President of PGE from 1998 until 2000 and is currently a director of Hawaiian Electric Industries (NYSE: HEI) and Hawaiian Electric Company.

Qualifications and Experience

Leadership: Strong leadership and business operations experience as President and CEO of PGE, director of Cambia Health Solutions, Inc., Chief Operating Officer of PGE’s Distribution Operations, Senior Vice President of PGE’s customer service and delivery and Vice President of PGE’s power production and supply.
Industry: Banking industry experience as director of the Portland branch of the Federal Reserve Bank of San Francisco.
Finance: Expertise serving as a committee member for several entities: Audit Committee for Hawaiian Electric Company; Finance Committee for PGE; and Audit, Investment and Executive and Governance Committees for Cambia.
Civic: Board service as a director for PGE Foundation and Mentor for International Women’s Forum.
Governance: Current Chair of Umpqua’s Board of Directors and Chair of the Umpqua Executive and Governance Committees.

Bryan L. Timm
Vice Chairman
Bryan L. Timm was appointed to the board in December 2004. Since February 2015, Mr. Timm has been the President of Columbia Sportswear Company (NASDAQ: COLM) and he continues to hold the office of Chief Operating Officer, to which he was appointed in May 2008. Mr. Timm joined Columbia Sportswear in June 1997 as Corporate Controller, was named Chief Financial Officer in July 2002 and in 2003, was named Vice President, Chief Financial Officer and Treasurer.

Qualifications and Experience

Leadership: Senior leadership and business operations management experience at Columbia Sportswear; as a member of the College of Business and Economics Advisory Board for the University of Idaho; and as a member (2012) and Chair (2013) of the Policyowners’ Examining Committee at Northwestern Mutual Life Insurance Co.
Finance: Audit and Compliance Committee Chair at Umpqua. Over twenty years serving in financial positions of publicly held companies including CFO of Columbia Sportswear. In addition to his C-level positions with Columbia Sportswear Company, Mr. Timm worked in various accounting, internal audit, and financial positions at publicly held Oregon Steel Mills (NYSE: OS) from 1991 to 1997, rising to Divisional Controller for CF&I Steel, Oregon Steel Mills’ largest division. From 1986 to 1991, he was an accountant with KPMG LLP. He is a CPA (lapsed) in the state of Oregon.
Civic: Director of Doernbecher Children’s Hospital Foundation.
Governance: Current Vice Chair of the Umpqua Board of Directors, Chair of the Umpqua Audit and Compliance Committee and member of the Umpqua Executive, Governance and Compensation Committees.

Stephen M. Gambee
Stephen M. Gambee was appointed to the board in July 2005. Since 1994 he has been the President and CEO and a shareholder of Rogue Valley Properties, Inc. and a Managing Member of Rogue Waste Systems, LLC, a family owned business providing waste disposal and environmental services in the Southern Oregon area. Prior to assuming the duties of the family businesses, Mr. Gambee was a real estate economist employed by Robert Charles Lesser & Co./Hobson & Associates as the Pacific Northwest Director of Consulting.

Qualifications and Experience

Leadership: Management, leadership, business operations and governmental relations experience as President and CEO of Rogue Valley Properties and Managing Member of Rogue Waste Systems, LLC, which are environmentally conscious waste management businesses.
Civic: Currently Chair of Jackson County Board of Commissioners Economic Development Advisory Committee and Secretary of the Medford-Jackson County Chamber of Commerce. Mr. Gambee has also previously served as: Director and President of the Craterian Theater/Collier Center of the Performing Arts; Treasurer of YPO Oregon Evergreen Chapter; Director and Treasurer for Rogue Gallery and Art Center; and Director of the Jackson Josephine County Boys and Girls Club.
Governance: Current Chair of the Umpqua Enterprise Risk and Credit Committee and member of the Umpqua Executive, Audit and Compliance, and Governance Committees.

James S. Greene
James S. Greene was appointed to the board in July 2012. Mr. Greene is currently Founder and Managing Partner of Sky D Ventures, a private equity and advisory services company serving the financial services and FinTech global market. Prior to Sky D Ventures, Mr. Greene was a general partner of Frost Data Capital, LLC, an investment and incubator vehicle for “big data” companies, a position he held from November 2013 to September 2015. He was previously a Vice President with Cisco Systems, Inc. (NASDQ: CSCO) in its Global Advanced Services Organization, a position he held from February 2012 to September 2013. He joined Cisco in 2005 as Vice President and Global Head of its Financial Services Consulting Business. From there he served as leader of Cisco’s global Strategic Partner Organization.

Qualifications and Experience

Leadership: Business and technology strategy formulation, private equity and venture investing, business operations and information technology systems, solutions, sales and delivery. Senior executive roles at Accenture, CapGemini and Cisco Systems, Inc.
Industry: Global Financial Services and Global FinTech. Big data platforms and solutions.
Finance: Serving the global financial services industry for 33 years.
Civic: Neighborhood association and board. Community sports teams.
Governance: 10 year member of the board of Electronics For Imaging, Inc., a public company (NASDAQ: EFII), where he served on the board’s Audit Committee, Governance and Nomination Committees. Current member of Umpqua’s Executive, Finance and Capital, Governance, and Compensation Committees and Chair of Pivotus Ventures, Inc. He has served on several private company boards and advisory boards.

Luis Fernando Machuca
Luis F. Machuca was appointed to the board in January 2010. Since January 2002, he has been President and Chief Executive Officer of Enli Health Intelligence Corporation, a healthcare applications company that activates collaborative care.

Qualifications and Experience

Leadership: Business operations and innovation technology experience as President and CEO of Enli Corporation as well as senior leadership roles at Intel Corp., EVP of the NEC Computer Services Division of PB-NEC Corp. and President and COO of eFusion Corp.
Civic: Serves on the Cambia Health Solutions Board of Directors and chairs the UniteOr Board of Directors. He has served as director or trustee of the University of Portland Board of Regents, the Oregon Health & Science University Foundation Board of Trustees, the ENDfootwear Advisory Board, the Catholic Charities of Oregon Board of Directors, the Portland Metropolitan Family Services Board of Directors, the Jesuit High School Board of Trustees, the Lifeworks NW Board of Directors, and the Boy Scouts of America Cascade Pacific Council Executive Board.
Governance: Chair of Umpqua’s Compensation Committee and serves on the Umpqua Executive, Finance and Capital, and Governance Committees.

Cort L. O’Haver
Cort L. O’Haver serves as President and CEO of Umpqua, positions he has held since 2017. Previously, Mr. O’Haver served as the Commercial Bank President of Umpqua Bank since April 2014. He served as Senior Executive Vice President of Umpqua and Umpqua Bank from August 2013 to April 2014, and from March 2010 to August 2013 he served as Executive Vice President/Commercial Banking of Umpqua and Umpqua Bank. From October 2006 until he joined Umpqua, Mr. O'Haver was employed by Mechanics Bank as Executive Vice President and Director of Corporate Banking. Prior to that time, he was a Senior Vice President in charge of the Real Estate Lending Division at U.S. Bank, with responsibility for California, Oregon and Washington.
Maria MacGregor Pope
Maria M. Pope joined the board in April 2014, effective with the closing of the Sterling merger. Since March 2013, Ms. Pope has served as Senior Vice President, Power Supply, Operations, and Resource Strategy for PGE. Prior to this, she served as Chief Financial Officer and Treasurer from January 2009 and was a member of the board of directors of PGE from 2006 to 2008. She serves as a general partner shareholder and director of Pope Resources, a Delaware limited partnership.

Qualifications and Experience

Leadership: Leadership and business management experience as a senior executive of PGE and her former positions as chief financial officer of Mentor Graphics Corp. and Pope & Talbot, Inc.
Finance: CFO roles of three publicly traded companies and past Chair of the Audit Committees of TimberWest Forest Corp., Premera Blue Cross and Oregon Health & Sciences University (OHSU).
Civic: Vice Chair of OHSU’s Governing Board (appointed by the Governor, 2010), prior Chair of the Oregon Symphony and Council of Forest Industries.
Governance: Serves on the Umpqua Audit and Compliance and Compensation Committees. Previously served on the Sterling Audit and Credit and Risk Committees and has served on several public, private and advisory boards.

Susan F. Stevens
Susan F. Stevens was appointed to the board in September 2012. Ms. Stevens was a senior executive who retired as head of Corporate Banking for the Americas at J.P. Morgan Securities Inc. in 2011. She held that position from 2006 until 2011. She was at J.P. Morgan for 15 years. Prior to 2006, she was a Managing Director in Loan Syndications, where she was head of the Investment Grade Syndications group from 2001 to 2006. She was head of Capital Markets at Wells Fargo Bank from 1992 to1995. She was with Bank of America for 11 years before joining Wells Fargo. She is active in Golden Seeds, a New York based angel investment group focused on women entrepreneurs.

Qualifications and Experience:

Industry: Over 30 years in the banking industry with broad industry knowledge and experience in client management, capital markets and risk management.
Civic: Board of Trustees of Thunderbird School of Global Management, Glendale, AZ (2012-2014) (on Executive Committee and Chair of Finance and Business Planning Committee) and The Neighborhood Coalition for Shelter, New York, NY (on Executive Committee and Treasurer).
Governance: Current Vice Chair of the Umpqua Enterprise Risk and Credit Committee and member of the Umpqua Audit and Compliance Committee.

Hilliard C. Terry III
Hilliard C. Terry, III was appointed to the board in January 2010. Since January 2012, he has served as Executive Vice President and Chief Financial Officer of Textainer Group Holdings Limited (NYSE: TGH), an intermodal marine container management and leasing company. Before joining Textainer, he was Vice President and Treasurer of Agilent Technologies, Inc. (NYSE: A), which he joined in 1999, prior to the company’s initial public offering and spinoff from Hewlett-Packard Company (“HP”). Mr. Terry held positions in investor relations and/or investment banking with Kenetech Corporation, VeriFone, Inc. and Goldman Sachs & Co.

Qualifications and Experience

Leadership: Senior leadership and business management experience as a senior executive of Textainer Group Holdings Limited and previously as an executive of Agilent Technologies, Inc.
Marketing: Extensive investor communications and marketing experience as the Head of Investor Relations and primary spokesperson to the investment community for Agilent Technologies, Inc. and Global Marketing Manager for VeriFone, Inc., an HP subsidiary.
Finance: Mr. Terry has 11 years of financial management experience. In his current role as a public-company CFO, he currently oversees the accounting, treasury, credit and collections, internal audit and risk management functions of Textainer. Previously he was responsible for Agilent’s global treasury organization which included corporate cash management, corporate finance, customer financing, foreign exchange, pension assets and risk management. He was also a member of the company’s Benefits Committee, which has fiduciary oversight for Agilent’s employee benefit and retirement programs. He oversaw investments of a multi-billion dollar global corporate cash portfolio and defined benefit (pension) assets for the company.
Governance: Current Chair of Umpqua’s Finance and Capital Committee and serves on the Enterprise Risk and Credit, Executive and Governance Committees. Civic: Board of Trustees, Oakland Museum of California (member of the Executive and Governance Committees).

John F. Schultz
John F. Schultz appointed to the board in September 2015. Mr. Schultz is currently Executive Vice President, General Counsel and Corporate Secretary of Hewlett Packard Enterprise (NYSE: HPE), a leading global provider of cutting-edge technology solutions to optimize traditional information technology and help build the secure, cloud-enabled, mobile-ready future uniquely suited to their customers’ needs. He held the same role at Hewlett-Packard Company prior to the company’s separation into Hewlett Packard Enterprise and HP Inc. and served as a member of the HP Executive Counsel from 2012-2015. He was previously Deputy General Counsel, Litigation Investigations and Global Functions with Hewlett-Packard Company, a position he held from 2008-2012.

Qualifications and Experience

Industry/Skills: As general counsel for a publicly traded corporation, leads risk management functions, including ethics and litigation management.
Civic: Nonprofit leadership.
Governance: Current member of Umpqua’s Audit and Compliance and Enterprise Risk and Credit Committees.