Bank of Oak Ridge Appoints Paul Fedorkowicz to Board of Directors
Key Takeaways
- •Paul Fedorkowicz has been appointed to the Board of Directors of Oak Ridge Financial Services, Inc., the parent company of Bank of Oak Ridge.
- •Fedorkowicz accumulated over thirty years of executive leadership experience across public accounting, finance, audit, corporate governance, and business operations before this appointment.
- •Fedorkowicz retired as a Partner from Cherry Bekaert LLP in 2020 after holding senior roles including Audit Partner, Partner in Charge, and Chief Administrative Officer.
- •Prior to Cherry Bekaert, Fedorkowicz worked as a Senior Manager at KPMG, one of the Big Four global accounting firms.
- •Bank of Oak Ridge, headquartered in North Carolina, expects Fedorkowicz's expertise to strengthen board oversight in areas such as risk management, financial controls, and long-term planning.
Oak Ridge Financial Services, Inc., the parent company of Bank of Oak Ridge, has appointed Paul Fedorkowicz to its Board of Directors. Mr. Fedorkowicz brings more than 30 years of executive leadership experience spanning public accounting, finance, audit, corporate governance, and business operations.
Mr. Fedorkowicz is a retired Partner of Cherry Bekaert LLP, a prominent U.S. accounting and advisory firm. During his distinguished tenure at the firm, he held several senior leadership roles, including Audit Partner, Partner in Charge, and Partner and Chief Administrative Officer, before retiring in 2020. Prior to joining Cherry Bekaert, he served as a Senior Manager with KPMG, one of the Big Four global accounting organizations. Throughout his career, Mr. Fedorkowicz has advised organizations on complex financial matters, operational strategy, and effective organizational practices.
"Paul brings a wealth of financial expertise and executive leadership that will strengthen our Board and complement the experience of our current directors," said Tom Wayne, CEO and Chair of the Board of Directors at Bank of Oak Ridge. "His background in finance, governance, and organizational strategy will provide valuable insight as we continue advancing our vision and serving the individuals, businesses, and nonprofit organizations that make our communities strong."
For community banks, board composition is an important part of oversight, particularly as directors help guide risk management, financial controls, regulatory compliance, and long-term planning. Mr. Fedorkowicz's appointment reflects Bank of Oak Ridge's ongoing commitment to responsible leadership and a strong foundation for the future. His experience is expected to further enhance the Board's collective perspective as the company continues to pursue sustainable growth, make thoughtful decisions, and deliver exceptional service to the clients and communities it serves.
Bank of Oak Ridge, headquartered in North Carolina, operates as a community bank providing a range of personal and business banking services. Oak Ridge Financial Services, Inc. serves as its holding company.
Source: GlobalFinTechSeries
