First Bancorp Announces Executive Leadership Changes and Compensation Packages

An update from First Bancorp (FBNC) is now available.

First Bancorp has announced leadership changes with Christian Wilson taking over as Executive Vice President and Chief Operating Officer, and Brent Hicks as Executive Vice President and Chief Accounting Officer, with competitive compensation packages including base salaries, stock awards, and bonuses linked to the company’s incentive plan. Both executives are set to receive additional stock-based equity awards and Hicks has an agreement providing him a cash payout upon termination under specific conditions. No conflicts of interest or undisclosed arrangements were reported regarding their appointments.

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