ALBEMARLE - Roger Dick, President & Chief Executive Officer of Uwharrie Capital Corp, announced the planned retirement of Brendan P. Duffey, Chief Operating Officer of Uwharrie Capital Corp and President & CEO of Uwharrie Bank.
Duffey will be retiring effective January 2, 2020. Duffey, who joined the company in 2004, holds various C-suite positions with the company and bank.
“I wish Brendan well in his retirement and want to thank him for his dedication, hard work, and superb contributions to Uwharrie Capital Corp and its subsidiaries,” Dicke said. “His experience and knowledge were instrumental to the company through the depth of the great recession and helping set a foundation for growth for years to come.”
“I have been truly blessed and am extremely grateful to have been a part of Uwharrie Capital Corp and its unique mission. I would like to thank all the customers, associates, directors and shareholders of our company that I’ve had the pleasure of working with over my time at Uwharrie for their trust and support,” said Duffey.
“We have had a company succession plan in place for our key officers for several years now,” said Roger Dick. Upon Mr. Duffey’s retirement on January 2, 2020, Mr. Dick will succeed Duffey as CEO of Uwharrie Bank and will continue to serve as President & CEO of Uwharrie Capital Corp.
As part of the company’s succession plan, R. David Beaver, III will assume Duffey’s responsibilities as President of Uwharrie Bank and as Chief Risk Officer of Uwharrie Capital Corp. Beaver began his banking career at Uwharrie Capital Corp in June 2005, most recently serving as Chief Financial Officer of Uwharrie Capital Corp and Uwharrie Bank. Over Beaver’s 14-year tenure with Uwharrie, he has served as Assistant Vice President/Asset Liability Manager, and Vice President/Controller & Treasurer before assuming his current role in 2013. Beaver holds a BS in Accounting from Pfeiffer University and a MBA from East Carolina University. Beaver will remain CFO of the company and the bank.
Also as part of the succession plan for Duffey, Jason Andrew, Senior Vice President/eBanking at Uwharrie, will assume a new position in the holding company as Executive Vice President/Chief Information Officer upon Duffey’s retirement. Andrew joined the company in 2003 working part-time while completing his BS in Business Administration. Upon graduation from the University of North Carolina - Charlotte, Andrew spent a year in the company’s management training program rotating through most of the major functions of the bank. Upon graduation from the program, he assumed responsibility for the eBanking Group and the bank’s call center operations. He subsequently took on the responsibilities of Enterprise Apps & e-Commerce Manager reporting to Duffey in 2016.