Financial Institutions, Inc, parent company of Five Star Bank ("Five Star"), SDN Insurance Agency, LLC, and Courier Capital, LLC, today announced changes to its executive leadership team and an associated realignment to strengthen its ability to execute on its long-term strategy and risk functions. Reid A. Whiting, who formerly served as Senior Vice President, Director of Indirect and Fintech Lending Solutions, was named Chief Banking Officer. This newly created position leverages Mr. Whitings proven track record of executing on operational efficiency and process improvement during his tenures at both Five Star and Morgan Stanley, where he had global responsibility for a range of large-scale efficiency and regulatory change initiatives. As Chief Banking Officer, he will oversee all consumer banking channels, including digital banking, the retail branch network and call center, along with consumer lending, residential mortgage and the Companys growing Banking-as-a-Service, or BaaS, line of business. Mr. Whiting will also join the executive leadership team as a direct report of President and CEO Martin K. Birmingham. Senior Vice President and Chief Marketing Officer Blake G. Jones, a 20-year marketing and communications veteran, was also appointed to the executive leadership team, reporting directly into Mr. Birmingham and her span of control has been expanded to include enterprise sales. Her elevation to the Companys executive ranks ensures that marketing, brand strategy and enterprise sales are aligned more closely with the Companys long-term strategy and better positioned to support the success of Five Star and its affiliates. Additionally, several executives will assume expanded leadership responsibilities, ensuring the Company is better situated to serve its internal and external stakeholders. The Companys operations, product, and technology areas will move under Chief Financial Officer and Treasurer W. Jack Plants II, leveraging Mr. Plants financial services and operational expertise. Chief Risk Officer Gary A. Pacos, who has more than 30 years of risk management experience, assumes executive oversight of all credit administration, while Chief Human Resources Officer Laurie R. Collins will now take on ownership of enterprise-wide training and incentive planning, supporting the Companys disciplined and consistent focus on the development of talent. The Company also announced that Chief Administrative Officer Sean M. Willett is pursuing a new opportunity as CEO of an out-of-market bank and will remain with the Company through year-end to support a smooth transition of the functions he previously oversaw. In addition, Chief Community Banking Officer Justin K. Bigham has resigned. "The exciting changes announced this week position our Company to accelerate our ability to grow our digital engagement with customers while ensuring our exceptional customer-facing teams are in a strong position to provide value-added services to those we serve," said Mr. Birmingham. "As we respond to an evolving and challenging operating environment that we expect to continue in 2024, we now can do so as a simpler, more streamlined and functional organization, where leaders across the enterprise are empowered to drive near-term success in pursuit of strong execution of long-term initiatives." "These leadership changes leverage the strengths of our team of executives, which now includes Blake Jones and Reid Whiting. Both Blake and Reid have considerable experience in their respective areas, bring new and diverse perspectives to our leadership team, and, importantly, allow us to bring key functions closer together in a way that will better support our enterprise into the future," Mr. Birmingham added. "I would like to also thank both Sean and Justin for their leadership and contributions to our Company. We wish them well in their future endeavors." In conjunction with these leadership changes, the Company announced a broader restructuring that simplifies its organizational structure by reducing layers of management that no longer align with the Companys long-term focus, positions the Company to better capitalize on data and technology expertise to further improve operational efficiencies, and supports improved process execution, while enhancing the Companys ability to deepen customer relationships across its diversified and complimentary lines of business. The realignment impacted approximately 3.4% of the Companys workforce and is also reflective of proactive measures to remove approximately $6 million in annual noninterest expenses that are primarily representative of salaries and benefits. Mr. Whiting joined the Company in September 2022 from Morgan Stanley, where he gained broad experience in treasury liquidity planning, regulatory affairs and compliance, most recently serving as Treasurer for Morgan Stanleys US institutional broker dealer and global head of the recovery and resolution planning program. He earned his B.A. in Economics and Public Relations from Syracuse Universitys Maxwell School of Citizenship & Public Affairs and S.I. Newhouse School of Public Communications, respectively, and M.B.A. from New York Universitys Leonard N. Stern School of Business. He is a member of the Consumer Bankers Association Automobile Finance Committee. Ms. Jones joined the Company in July 2023, bringing 20 years of marketing and communications experience to the growing community bank and its affiliates. Prior to joining Five Star, she served as Senior Vice President, Marketing Director for Arrow Financial Corp. Earlier in her career, Ms. Jones was a journalist and editor with publications in New York, Hawaii and California. She earned her B.A. in Mass Communications from Washington and Lee University. About Financial Institutions, Inc. Financial Institutions, Inc. (NASDAQ: FISI) is an innovative financial holding company with approximately $6.1 billion in assets offering banking, insurance and wealth management products and services through a network of subsidiaries. Its Five Star Bank subsidiary provides consumer and commercial banking and lending services to individuals, municipalities and businesses throughout Western and Central New York and its Mid-Atlantic commercial loan production office serves the Baltimore and Washington, D.C. region. SDN Insurance Agency, LLC provides a broad range of insurance services to personal and business clients, while Courier Capital, LLC offers customized investment management, financial planning and consulting services to individuals and families, businesses, institutions, non-profits and retirement plans. Learn more at five-starbank.com and FISI-investors.com.

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Financial Institutions, Inc. Announces Leadership Changes

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Financial Institutions, Inc. Announces Changes to Executive Leadership Team and Realignment

Wenzel Spine, Inc., a medical technology company focused on providing minimally invasive surgical and diagnostic solutions for the treatment of spinal disorders, today is pleased to announce the expansion of its executive leadership team by appointing Charles R. Gordon as the Executive Chairman of the Board. This strategic move is poised to enhance the companys innovative edge and entry into the minimally invasive interventional spine market. William Wilson, CEO of Wenzel Spine, commented on the recent expansion, saying, "The addition of Dr. Gordon to our executive team and our engagement with MM Dillon & Co. represent significant steps forward for Wenzel Spine. We are confident that these strategic moves will enhance our ability to deliver innovative and effective spine solutions addressing our entry into MI interventional spine for our clients, partners and their patients." Dr. Gordon was the founding Chairman of the Board for Baylor Scott & Whites Texas Spine & Joint Hospital. Over the years the hospital has grown, and majority interest of the hospital was sold to Baylor Scott & White and United Surgical Partners International (USPI). The real estate was also sold in a separate transaction to a large publicly traded real estate investment trust. Dr. Gordon holds over 80 distinct patents all in the life science area. He remains active in medical practice and is excited about the possibility of adding value to his partners and stakeholders, across-the-board. "I am thrilled to join the Wenzel Spine executive leadership team," said Dr. Gordon. "I believe my extensive experience and proven track record in the industry will be invaluable as we continue to grow and innovate in the field of spine care. I think Wenzel Spine has the capability to quickly enter the minimally invasive interventional spine market with unique technologies." In addition to expanding its leadership team, Wenzel Spine has engaged with MM Dillon & Co., a boutique investment bank, to assist with strategic options, which may include raising capital for strategic growth. Michiel McCarty, Chairman & CEO of MM Dillon & Co., expressed his enthusiasm about the engagement, stating, "We are excited to work with Wenzel Spine, a company that is at the forefront of innovation in spine care. Our team is committed to assisting Wenzel Spine in exploring strategic options to further their growth and impact in the industry." About MM Dillon & Co. M.M. Dillon is a Leading Healthcare and Technology Focused Boutique Investment Bank that offers a unique blend of extraordinary senior transaction execution capabilities combined with extensive C-Suite corporate sector experience. Founded in 2004, headquartered in Greenwich Connecticut in the heart of many hedge fund investors, M.M. Dillon works with leading public and private healthcare and technology companies, hedge funds, private equity and venture capital firms across the healthcare and technology landscape with a primary focus on Biotech, Biopharma, Specialty Pharma, Devices, Software, Security and Equipment. About Wenzel Spine, Inc. Wenzel Spine, Inc. is a medical technology company focused on providing minimally invasive solutions and diagnostics for the treatment of spinal disorders. Headquartered in Austin, TX, Wenzel Spine is focused on delivering surgical solutions that improve the overall quality of spine care by simplifying procedures and reducing recovery time. Wenzel Spine seeks to improve patient quality of life by designing and producing devices of the highest quality to support our surgeon clients in the care and treatment of their patients. For more information visit: www.wenzelspine.com/

Wenzel Spine

Wenzel Spine Announces Expansion of Executive Leadership Team and Planned Entry into Minimally Invasive Interventional Spine Market

Software

Wenzel Spine Expands Executive Leadership Team with Appointment of Charles R. Gordon as Executive Chairman

Top row, from left to right: Chang Ho-joon, Kim Wone-kee, Lee Seok-hee, bottom row, from left to right: Oh Jong-hoon, Park Sang-kyu, Roh Sang-goo In a strategic move to navigate an increasingly unpredictable business landscape, SK Innovation and its subsidiaries have announced a comprehensive organisational and executive personnel restructuring for 2024. This initiative aims to enhance inter-organisational synergy and prepare for future challenges through significant personnel changes. Park Sang-kyu, previously the CEO of SK Enmove, has been appointed as the new CEO of SK Innovation. Previously known as SK Lubricants, the company changed its name to SK Enmove to strengthen its ability to execute its financial story and emphasise its new identity as an "energy saving" and "environmentally friendly" company. SK Enmove exports high-quality Group III base oil to more than 140 customers in 50 countries and finished lubricant products to more than 60 countries. Parks appointment as CEO of SK Enmoves parent comes in recognition of his strategic and operational expertise, honed through years of experience within the company. As the incoming CEO, Park is expected to bolster internal stability and drive sustainable growth in a volatile business environment. Parks journey with the company began in 1987 at Yukong, SK Innovations predecessor. His career includes pivotal roles such as the head of Retail Marketing Division at SK Energy, leader of Retail Strategy Team, head of Planning Division at SK Corporation, and chief operating officer at SK Networks. Most recently, he served as CEO and president of SK Networks from 2017 to 2022, before taking up the leadership at SK Enmove in 2023. Kim Wone-kee, who currently leads the Green Growth Division at SK Enmove, has been named the new CEO of the same company. With a rich background that includes managing the Amsterdam subsidiary and the Base Oil Marketing Division, Kim is poised to drive significant green business outcomes. Oh Jong-hoon, the current head of SK Energy P&M, steps up as the new CEO of SK Energy. His extensive background includes roles in Portfolio Management at SK Holdings and leading SK Energys BM Innovation Division. Ohs deep understanding of energy marketing is expected to significantly enhance SK Energys competitive edge. Lee Seok-hee, the former CEO of SK Hynix, takes on the role of CEO at SK On, which specialises in the development and production of electric vehicle (EV) batteries.. Lees impressive career spans across global tech giants and academia, including a stint as Process Integration manager at Intel and an associate professorship at the prestigious Korea Advanced Institute of Science and Technology (KAIST). His tenure at SK Hynix saw him rise from head of DRAM Product and Technology Division to COO, and then CEO. Recognised for his manufacturing expertise and thrice awarded the Intel Technology Award, Lee is deemed the ideal leader to propel SK On into a leading position in the battery technology sector. Chang Ho-joon, from SK Energys Optimization Operation Office, has been appointed as CEO of SK Trading International. His diverse business experience and strategic planning skills are expected to fuel the growth of the company. Roh Sang-goo, previously at the helm of SK Energys Strategic Operations Division, is now the CEO of SK Incheon Petrochemical. Rohs extensive experience in production support and operation optimisation is anticipated to drive innovation at SK Incheon Petrochemical. This reshuffle is part of SK Innovations strategy to standardise its organisational structure as an intermediate holding company and bolster its management capabilities. This includes the formation of a new strategy and finance division, integrating key business management functions for enhanced expertise. Subsidiaries under SK Innovation are set to adopt a more agile decision-making process and take greater responsibility for their financial performance. This includes integrating SK Energys CIC system and establishing a new strategy division to improve execution capabilities. SK Geo Centric and SK Enmove are intensifying their efforts to yield tangible results in projects like Ulsan ARC and e-Fluids. SK On is focusing its restructuring on enhancing manufacturing, R&D competitiveness, and profitability. SK IE Technology is launching a new marketing division to develop region and consumer-specific strategies.

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SK Innovation announces major executive restructuring for 2024 - F&L Asia

Energy & Natural Resources

SK Innovation Announces Comprehensive Organizational and Executive Personnel Restructuring for 2024

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Financial Institutions, Inc. Announces Changes to Executive Leadership Team and Realignment

Wenzel Spine Expands Executive Leadership Team with Appointment of Charles R. Gordon as Executive Chairman

SK Innovation Announces Comprehensive Organizational and Executive Personnel Restructuring for 2024