First Foundation Inc. names Thomas C. Shafer as new CEO, succeeding Scott F. Kavanaugh after 17 years.
First Foundation Inc., a financial company, has announced the retirement of its CEO, Scott F. Kavanaugh, after 17 years with the company. Thomas C. Shafer, with over 40 years of banking experience, has been appointed as the new CEO. Shafer's compensation includes a base salary of $1,090,000, potential bonuses, and 500,000 restricted stock units. The company thanked Kavanaugh for his contributions.
November 22, 2024
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