• Umpqua Holdings Corporation
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  • Umpqua Holdings Corporation Nominates Three to Board of Directors
    Company Release - 01/30/2009 08:00

    PORTLAND, Ore.--(BUSINESS WIRE)-- Umpqua Holdings Corporation (NASDAQ:UMPQ), parent company of Umpqua Bank and Strand, Atkinson, Williams & York Inc., has nominated Scott Grout, Jose Hermocillo and Frank Whittaker to stand for election to its board of directors at the annual meeting of shareholders in April. The new members bring extensive experience in leading and advising businesses and are reflective of Umpqua's growing geographic footprint.

    "Scott, Jose, and Frank have tremendous experience across multiple markets and I'm pleased they've agreed to join Umpqua's board of directors," said Ray Davis, president and CEO of Umpqua Holdings Corporation. "The diversity of their geographic and industry expertise will add great depth to our current board and I look forward to working with them."

    Scott Grout: Building a Track Record in Technology Companies

    Scott Grout has a track record of experience in performance improvement, market share gains, capital raising and strategic acquisitions. He currently heads RadiSys Corporation, a $300 million publicly traded company where he has served as CEO since 2002 and is a member of their board. Prior to RadiSys, Grout served four years as CEO of Chorum, where he also served on the board of directors, and he worked for Lucent Technologies and AT&T Network Systems. With a bachelor's degree engineering/operations research from the University of Wisconsin, Grout went on to earn a Master of Business Administration from the Sloan School of Management at MIT. He resides in Northwest Portland, Ore.

    Jose Hermocillo: A History in Public Affairs

    Jose Hermocillo brings a public affairs and policy perspective that is based on more than 30 years of experience with corporations, industry groups, coalitions, nonprofits and governments. Hermocillo is senior vice president and managing director of APCO Worldwide's Sacramento office and is one of California's leading public affairs practitioners, specializing in legislative and regulatory matters in energy, the environment, land use, healthcare and labor relations. Previously, he served as a partner in a political consulting and public affairs firm, and he has also worked as a practicing attorney, lobbyist for a labor union, and policy committee consultant in the California State Senate. Hermocillo earned a Bachelor of Arts in government from Pomona College, a Juris Doctor from the University of the Pacific'sMcGeorge School of Law, and a certificate in trial and appellate advocacy from Hastings College of Law, University of California. Hermocillo resides in Sacramento, Calif.

    Frank R. J. Whittaker: Cultivating Experience in the News Industry

    Frank Whittaker brings a wealth of strategic planning and management experience cultivated in the newspaper industry. Whittaker is vice president of operations for The McClatchy Company, overseeing operations for five newspapers in California, three in Florida and one in Kentucky. Previously, he was general manager and then president of The Sacramento Bee, following 13 years with The Toronto Star in Canada.

    Whittaker earned a Bachelor of Arts degree from the University of Toronto in Ontario and completed the Stanford Executive Program at Stanford University in Palo Alto, Calif. Whittaker resides in Sacramento, Calif.

    About Umpqua Holdings Corporation

    Umpqua Holdings Corporation (NASDAQ:UMPQ) is the parent company of Umpqua Bank, an Oregon-based community bank recognized for its entrepreneurial approach, innovative use of technology, and distinctive banking solutions. Umpqua Bank has 150 locations between Napa, Calif., and Bellevue, Wash., along the Oregon and Northern California Coast and in Central Oregon. Umpqua Holdings also owns a retail brokerage subsidiary Strand, Atkinson, Williams & York Inc., which has locations in Umpqua Bank stores and in dedicated offices throughout Oregon and Southwest Washington. Umpqua Bank's Private Client Services Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit www.umpquaholdingscorp.com.

    
        Source: Umpqua Holdings Corporation

    Contact: Media Contacts: Umpqua Holdings Corporation Lani Hayward, 503-727-4132 lanihayward@umpquabank.com or LANE PR Eve Callahan, 503-546-7867 eve@lanepr.com