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Reporting to City National Bank Chairman and CEO Russell Goldsmith, Lamutt will oversee all human resources activities, including colleague recruitment and retention, compensation and benefits, diversity, equal opportunity, and training and development.
"Marianne is exceptionally qualified for this important position that is central to our focus upon rewarding and motivating, attracting and retaining the best professionals in banking and wealth management," Goldsmith said. "I'm also very pleased that her outstanding predecessor, Kate Dwyer, will continue to work with us part-time on important talent matters."
Lamutt brings to the company 29 years of human resources experience. She has worked in California since 1979.
For the past five years, she has served as a senior vice president at Bank of the West. In addition to managing compensation and benefit plans for 10,000 employees, she oversaw the finance, accounting and information systems of its human resources department.
From 1998 to 2003, Lamutt served as vice president of Total Rewards for Sony Pictures Entertainment Inc. From 1994 through 1998, she worked for The Walt Disney Company. As a senior manager of human resources for Disney Stores worldwide, she was responsible for the design, implementation and administration of human resources programs for 18,000 employees in the United States and abroad.
Between 1979 and 1993, Lamutt held positions of increasing responsibility with three major corporations: California retailer Carter Hawley Hale, Rhode Island-based Textron Corporation and aerospace giant Lockheed Corporation.
Lamutt is a native of Cleveland, Ohio. She earned her master's degree in rehabilitation counseling from Bowling Green State University in Ohio and obtained a bachelor's degree in psychology and sociology from Bowling Green State.
Lamutt now resides in Pasadena, Calif.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $15.9 billion in total assets, and provides banking, investment and trust services through 62 offices, including 15 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City.
The company and its eight majority-owned investment affiliates manage or administer nearly $56 billion in client investment assets, including $35.9 billion under direct management.
For more information about City National, visit the company's Web site at cnb.com.
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SOURCE: City National Bank
City National Bank