Christopher D. Myers was appointed as President and CEO of CVB Financial Corp in August 2006, having previously led Mellon First Business Bank. His experience in banking began in the late 1990s, where he climbed the ranks at Mellon First,...
Christopher D. Myers was appointed as President and CEO of CVB Financial Corp in August 2006, having previously led Mellon First Business Bank. His experience in banking began in the late 1990s, where he climbed the ranks at Mellon First, showcasing his capacity for leadership. Under his management, CVB Financial noticeably increased its focus on performance metrics, including the return on equity, which directly impacted his bonus structure. In 2014, he signed a new employment agreement ensuring a minimum salary of $800,000 and significant stock options, demonstrating confidence in his capabilities from the board. Christopher's tenure saw a mix of cash bonuses and stock awards, as he was rewarded for surpassing performance goals. His strategic thinking and ability to align incentives with company growth have been pivotal in navigating the bank through changing economic landscapes. Notably, Myers also initiated a deferred compensation plan that allows him to defer up to 75% of his salary, aiming for long-term wealth. He retired in March 2020 but continues to consult for the company, further solidifying his legacy within CVB Financial. The combination of his extensive background, leadership style, and keen financial strategies defines his impactful role in the company.