Sheryl Sharry, who had been CFO of Charleston, S.C.-based andunit Bank of South Carolina since 2010, retired from the position March 29.She will retire from her post as executive vice president of the company and thebank April 12.
Sharry's decision to retire from the company and the bank isthe result of her decision to take early retirement at the age of 61, and did notarise or result from any disagreement with the company. Sharry will continue toserve on the board of the two entities after her retirement if re-elected by theshareholders, according to a Form 8-K filed April 1.
In anticipation of Sharry's upcoming retirement, the board ofthe company and the bank on March 24 appointed Eugene Walpole IV CFO and seniorvice president of the Bank of South Carolina Corp. and CFO of Bank of South Carolinaeffective March 29. Walpole was previously promoted Oct. 22, 2015, to senior vicepresident of the Bank of South Carolina.