Announces Retirement of CFO Steve App and Other Senior Personnel Changes — 2019-05-09

Names New CFO and Director of Division that Oversees Bank Failures Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams today announced the retirement of Steve App, Deputy to the Chairman and Chief Financial Officer (CFO). Mr. App has served as CFO for the past 17 years and has almost 40 years of federal service. Replacing him as Deputy to the Chairman and CFO is Bret Edwards, who is currently Director of Division of Resolutions and Receiverships (DRR). In addition, long-time FDIC veteran Maureen Sweeney was named as Mr. Edwards’ replacement. “I would like to sincerely thank Steve for his outstanding public service and professionalism, and I wish him all the best in his retirement. He will be deeply missed. We are very fortunate to have a cadre of talented and dedicated people at the FDIC to step in when needed.