PASADENA – East West Bancorp, Inc. (“East West”) (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, today announced that the outside independent directors of its Board of Directors have elected Rudolph I. Estrada as Lead Director, effective July 2013.
“Mr. Estrada is a highly experienced director and well suited for this role,” said Dominic Ng, Chairman and Chief Executive Officer of East West. “I look forward to continuing to work closely with Rudy and all of our board members in upholding high corporate governance standards and delivering long-term value to our shareholders.”
“I am pleased and honored to be elected as Lead Director and serve in this important governance role for one of the best performing banks in the nation,” said Estrada. “East West Bank’s long-standing reputation for sound corporate governance and ethical business practices is a strategic asset in building strong and productive business and community partnerships.”
Mr. Estrada has been a director of East West Bancorp and East West Bank since 2005. He currently serves as Chairman of the Risk Oversight Committee and is a member of the Executive Committee of the Boards of East West Bancorp and East West Bank. Further, he serves as Chairman of the Strategic Advisory Council of East West Bank, focused on developing strategic networks of new business. Mr. Estrada has over 35 years of banking and business experience and is a former Presidential appointee serving as Commissioner on the White House Commission on Small Business. He also served as the Los Angeles District Director for the U.S. Small Business Administration. Mr. Estrada is President and Chief Executive Officer of Estradagy Business Advisors, a business and banking advisory group, and serves as a professor in the School of Business and Economics with California State University Channel Islands. He also serves on the boards of several corporate and non-profit organizations.
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