Banc of California CAO Monica Sparks to resign; Jeffrey Krumpoch named interim
Banc of California said Executive Vice President and Chief Accounting Officer Monica Sparks will resign, with her last day expected to be September 19, 2024. The company appointed Jeffrey Krumpoch, its former Senior Vice President and Corporate Controller, as Interim Chief Accounting Officer, effective when Ms. Sparks departs. The change affects the executive responsible for accounting oversight, but the filing describes it as a planned transition.
- Monica Sparks notified the company of her resignation on August 23, 2024 and will serve through September 19, 2024.
- Jeffrey Krumpoch, age 68, was appointed Interim Chief Accounting Officer on August 27, 2024.
- Mr. Krumpoch will receive a one-time cash bonus of $35,000 for the interim role.
- He has worked at the company or its predecessor PacWest Bancorp since 2002.