• Umpqua Holdings Corporation
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  • Umpqua Holdings Corporation Appoints Luis Machuca and Hilliard Terry to Board of Directors
    Company Release - 01/21/2010 16:00

    New Directors Bring Business Leadership and Technology Expertise

    PORTLAND, Ore.--(BUSINESS WIRE)-- Umpqua Holdings Corporation (NASDAQ:UMPQ), parent company of Umpqua Bank and Umpqua Investments, has appointed Luis Machuca and Hilliard Terry to its board of directors and to the bank's board. Machuca and Terry were appointed by Umpqua's board of directors and will stand for election at the next annual meeting of shareholders.

    "Luis and Hilliard have extensive business leadership and technology expertise and we're pleased to add them to our board of directors," said Ray Davis, president and CEO of Umpqua Holdings Corporation. "Over the past decade, both Luis and Hilliard have held critical roles and have been leaders in their industries, developing breakthrough technologies and advanced systems. Their foresight and experience will be valuable assets on our board and I look forward to working with them and all of our board members to continue building Umpqua's position in the market."

    Luis Machuca, president and CEO of Kryptiq Corp.

    Luis Machuca is the president and CEO of Kryptiq Corp., a healthcare connectivity company that facilitates a first-of-its-kind, open interactive network for healthcare. Before working for Kryptiq, Machuca served as president and chief operating officer for eFusion Corp., where he subsequently merged the company with ITXC Corp. His experience also includes time as executive vice president of the NEC Computer Services Division of PB-NEC Corp., and 15 years with Intel Corp. While with Intel, Machuca held a variety of management positions, including working as the co-general manager for Intel's OEM Products and Services Division. During his tenure with the company, Intel was established as the number one motherboard supplier in the world.

    Machuca serves on The Regence Group board of directors and the University of Portland Board of Regents. He has also served on the Oregon Health & Science University Foundation board of trustees, the ENDfootwear advisory board and the Portland Metropolitan Family Services board of directors. Machuca received his Bachelor of Engineering and Master of Science in Industrial Engineering from Purdue University. He lives in Portland, Ore., with his wife and three children.

    Hilliard Terry, vice president and treasurer of Agilent Technologies Inc.

    Hilliard Terry is vice president and treasurer for Agilent Technologies Inc., a spin-off of Hewlett-Packard Company and the world's premier measurement company. Terry joined the company in 1999 before the company's initial public offering and spin-off from Hewlett-Packard. At the time, he served as the Agilent's director of investor relations. In his current position, Terry is responsible for the company's global treasury organization, including: corporate cash management, corporate finance, customer financing, foreign exchange, pension assets and risk management. He is also a member of Agilent's benefits committee, which has fiduciary oversight for its employee benefit and retirement programs.

    Before joining Agilent, Terry worked in marketing for Hewlett-Packard'sVeriFone subsidiary and investor relations for VeriFone Inc. Terry has also held positions in investor relations and investment banking with Kenetech Corp. and Goldman Sachs & Co.

    A native of the San Francisco Bay Area, Terry received his Bachelor of Arts degree in economics from the University of California at Berkeley, Calif., and a Master of Business Administration from Golden Gate University. He resides in the San Francisco Bay area with his wife and son.

    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 155 locations between San Francisco, and Bellevue, Wash., along the Oregon and Northern California Coast and in Central Oregon. Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments Inc., which has locations in Umpqua Bank stores and in dedicated offices in Oregon. Umpqua's Private Bank Division serves high net worth individuals and non-profits providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit www.umpquaholdingscorp.com.

        Source: Umpqua Holdings Corporation

    Contact: Umpqua Bank Lani Hayward, 503-727-4132 LaniHayward@umpquabank.com or LANE PR Eve Callahan, 503-546-7867 Eve@lanepr.com