Jaynie Miller Studenmund
About Jaynie Miller Studenmund
Independent director since 2025; currently serves on the Compensation Committee and Nominating & Governance Committee. Career spans financial services and digital operations: EVP leading retail/business banking franchises (First Interstate of California/Great Western/Home Savings), management consulting (Booz Allen), and COO roles in internet businesses (PayMyBills.com; Overture Services) . Education: BA in Economics, Wellesley College (Phi Beta Kappa) and MBA, Harvard Business School . Appointed as an independent director following Columbia’s acquisition of Pacific Premier in September 2025 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Booz Allen & Hamilton | Management Consultant | Not disclosed | Strategy/governance foundation |
| First Interstate of California (now Wells Fargo) | EVP; Head of Retail & Business Banking | Not disclosed | Led large consumer-business banking franchise |
| Great Western Bank; Home Savings of America (now part of JPMorgan Chase) | EVP; Retail/Business Banking Leadership | Not disclosed | Turnarounds, change management in banking |
| PayMyBills.com | President & COO | Not disclosed | Digital operating leadership |
| Overture Services (public) | Chief Operating Officer | Not disclosed | Scaled paid search/SEM operations |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Western Asset Management (Franklin Templeton) select funds | Director | Since 2004 | Registered fund governance |
| J. Paul Getty Trust | Trustee | Since 2021 | Cultural institution governance |
| Huntington Health System (Cedars‑Sinai affiliate) | Life Trustee/Board leadership | Since 1997 (present) | Nonprofit healthcare oversight |
| Forest Lawn | Board member; Chair Emeritus | Since 2002 (present) | Private enterprise governance |
| Prior public boards | Director | Various | Pacific Premier Bancorp (2019–2025), EXL Service (2018–2025), CoreLogic (2012–2021), Pinnacle Entertainment (2012–2018), LifeLock (2015–2017) |
Board Governance
- Committee memberships: Compensation Committee; Nominating & Governance Committee, effective at merger close (Aug 31/Sept 2, 2025) .
- Independence: Appointed as an independent director upon the Pacific Premier acquisition closing .
- Attendance/engagement framework: Board met seven times in 2024; independent directors held three executive sessions; directors expected to attend annual meeting (context prior to her appointment) .
- Governance practices: Majority independent board; committee independence; stock ownership guidelines; anti‑hedging/pledging; annual say‑on‑pay; ERM oversight of cybersecurity .
Fixed Compensation
| Component | 2025–2026 Schedule | Notes |
|---|---|---|
| Annual Cash Retainer | $85,000 | Prorated from Sept 1, 2025 through next annual meeting |
| Committee Member – Audit | $15,000 | Not assigned to Audit; shown for schedule completeness |
| Committee Member – Compensation | $10,000 | Member |
| Committee Member – Enterprise Risk Mgmt | $10,000 | Not assigned; schedule value |
| Other Standing Committees | $7,500 | Umpqua Trust/other boards where applicable |
Columbia’s broader non‑employee director cash schedule in 2024–2025 was lower ($57,000 board retainer; committee member fees of $4,800–$9,700), indicating an upward reset with the Pacific Premier acquisition; Jaynie’s compensation follows the updated 2025–2026 schedule .
Performance Compensation
| Component | Grant/Value | Vesting/Terms |
|---|---|---|
| Annual Equity Retainer (Restricted Stock) | $85,000 | Vests May 15, 2026; prorated for partial year |
| Hedging/Pledging | Prohibited for directors | Insider Trading policy pre‑clearance; blackout windows |
| Deferred Compensation | Directors may elect to defer fees in UB DCP | Not disclosed for Jaynie individually |
Other Directorships & Interlocks
- Current public corporate boards: None (excluding registered investment company funds) .
- Registered funds: Western Asset Management select funds director since 2004 .
- Nonprofit boards: J. Paul Getty Trust; Huntington Health System .
- Interlocks/related parties: No Item 404(a) related‑party transactions for New Directors (including Jaynie) disclosed at appointment .
Expertise & Qualifications
- Deep experience: financial services operations, strategy/M&A, change management, governance, compensation/talent .
- Digital/technology operating leadership (COO roles); prior management consulting .
- Recognitions: NACD Directorship 100; influential director (context from public/nonprofit profiles) .
Equity Ownership
- Beneficial ownership: Not yet disclosed for Jaynie in Columbia’s 2025 proxy (joined post‑proxy). Company‑wide director stock ownership guidelines require holding shares equal to 5× annual cash retainer; compliance for Jaynie not disclosed (policy context) .
- Restrictions: Anti‑hedging/anti‑pledging; quarterly blackout compliance .
Governance Assessment
- Independence and committee placement: Appointment as independent director onto Compensation and Nominating & Governance strengthens board oversight of pay and refreshment; no related‑party transactions at appointment bolster investor confidence .
- Director pay structure shift: Board cash retainer reset to $85,000 (from $57,000 in 2024–2025), with continued $85,000 equity retainer; investors may monitor pay inflation vs. responsibilities and market norms .
- Policies supporting alignment: 5× retainer stock ownership guideline; anti‑hedging/pledging; director fee deferral option; RSU dividends only upon vesting—all positive alignment signals .
- Board‑level context: 2024 say‑on‑pay approval fell to 55%, prompting enhanced shareholder engagement and governance actions; elimination of Executive Chair role in 2025 improved leadership independence—indirectly relevant to overall board effectiveness during Jaynie’s onboarding .
- Potential RED FLAGS to watch: Presence of a paid consultant (former PPBI CEO Steven Gardner; $2.2M consulting agreement while also a director) warrants careful oversight to avoid conflicts—even though Jaynie’s own appointment had no Item 404(a) issues .