Kristen Ludgate and Owen Sullivan Appointed to Associated Banc-Corp Board, Strengthening Leadership Team

Leadership Strengthened at Associated Banc-Corp

On December 11, 2024, Associated Banc-Corp, traded under NYSE: ASB, announced the addition of two new members to its Board of Directors, enhancing the company's leadership as it continues to pursue its strategic objectives.

Meet the New Members

Kristen M. Ludgate

Ludgate, aged 62, brings a wealth of experience to the board from her role as Chief People Officer at HP Inc., a leading global provider of computing and imaging products. Her extensive background includes serving as Chief Human Resources Officer at 3M Company from 2018 to 2021, where she held various legal and executive positions over her 15-year tenure. She is currently on the board of the HP Foundation and previously chaired the 3M Foundation Board. Ludgate graduated from Bowdoin College and earned her Juris Doctor from the University of Minnesota Law School. In her new role at Associated, she will also join the Compensation and Benefits Committee, adding her expertise in human resources and corporate governance.

Owen J. Sullivan

Sullivan, 67, brings significant industry knowledge from his tenure as President and Chief Operating Officer at NCR, a noted leader in ATM and digital banking solutions, holding this position until his retirement in 2023. Before joining NCR, he worked as an independent consultant for private equity firms, aiding them in strategic planning and executive mentorship. He completed his bachelor’s degree at Marquette University and pursued executive education programs at Kellogg School of Business and Harvard Business School. Sullivan will contribute to the Enterprise Risk Committee at Associated, bringing a keen understanding of operations and risk management.

Strategic Growth and Vision

Jay Williams, Chairman of Associated, expressed enthusiasm regarding the new board members. “We are extremely pleased to have Kristen and Owen join our board,” he remarked, highlighting their shared values and commitment towards enhancing the organization's vision.

Echoing this sentiment, Andy Harmening, President and CEO of Associated, noted, “Kristen and Owen bring extraordinary talent and experience to our board. The breadth and depth of their knowledge will benefit Associated as we continue to execute our strategic growth plans.” This sentiment underscores the company's dedication to enriching its leadership with diverse skills and perspectives necessary for navigating the challenges and opportunities in the banking sector.

About Associated Banc-Corp

Associated Banc-Corp stands as Wisconsin's largest bank holding company, with total assets amounting to approximately $42 billion. Headquartered in Green Bay, Associated provides a comprehensive suite of banking services across nearly 200 locations, significantly impacting the financial landscape in the Midwest. The bank serves more than 100 communities throughout Wisconsin, Illinois, and Minnesota and operates loan production offices in several other states.

As Associated Banc-Corp continues to forge ahead with its growth trajectory, the addition of Ludgate and Sullivan positions the company more robustly in achieving its long-term goals. For more insights on Associated Banc-Corp and its offerings, visit www.associatedbank.com.