Human Resources Executive

RICHARD T. FITZPATRIC, SPHR E-mail: *******@*******.***

**** *****'s Lane Home: 513-***-****

Cincinnati, Ohio 45241 Cell: 513-***-****

SUMMARY

Accomplished Human Resources Executive with diverse leadership experience

in both the financial services and health care industries. Extensive

knowledge of the strategic management of employee and executive

compensation including development and administration of qualified and non-

qualified plans. Proactive leader of employee relations and organizational

development initiatives.

Areas of expertise include:

Succession Planning Benefits Design & Corporate

Administration Governance

Leadership Development Executive & Employee Employee Relations

Compensation

Talent Management Qualified & Non-qualified Negotiation Skills

Pension Plans

PROFESSIONAL EXPERIENCE

Federal Home Loan Bank of Cincinnati, Cincinnati, Ohio 1988 - October,

2009

The Federal Home Loan Bank of Cincinnati, one of the twelve FHLBanks and an

instrumentality of the Executive Branch of the federal government, is a

private sector cooperatively-owned wholesale bank with $90B in assets.

Vice President, Human Resources & Administration

Chief Human Resources Officer providing leadership, strategic planning, and

execution of the Human Resources (HR) function.

Key Results - Total Rewards

. Introduced a total rewards strategy which reduced annual compensation and

benefits expenses to one of the lowest in the FHLBank System while

maintaining highly competitive, superior quality programs.

. Designed and introduced annual and long-term incentive plans for

executive and corporate officers.

. Created annual incentive plans for line management, exempt and non-exempt

staff which shifted a large percent of annual compensation cost from a

fixed to variable expense.

. Revised employee benefits programs resulting in cost savings that

exceeded $500,000 annually.

. Initiated comprehensive revisions in two qualified retirement plans,

which resulted in a 40 percent reduction in the normal cost of these

plans.

. Revised non-qualified SERP and Deferred Compensation Plan along with

introduction of excess contribution/excess 401(k) plan resulting in

improved participation and retention of key executives.

. Installed grantor (rabbi) trust which increased security of the benefits

obligations associated with non-qualified plans.

. Utilized as internal consultant/subject matter expert by the other

FHLBank System HR officers on compensation topics including executive

compensation, qualified and non-qualified retirement plans, health and

welfare benefit programs.

Key Results - Organizational Development

. Authored initial Management Succession Plan and subsequent revisions.

Introduced leadership development programs for potential successors and

other high performing individuals.

. Developed and implemented diversity recruitment strategy to enhance

minority and female representation in the workforce.

- Introduced minority internship program subsequently adopted by other

FHLBanks.

- Led development of system-wide diversity recruitment strategy.

. Initiated programs targeted at maintaining employee engagement and

improving retention while the company underwent federally mandated

restructuring and subsequent downsizings.

- Outsourced and transitioned two major divisions affecting over 500

employees without incident.

. Successfully resolved a variety of complex employee relations issues,

including matters with the EEOC, IRS and other regulatory agencies.

Negotiated settlements were finalized at or below authorized amounts.

Key Results - Corporate Governance

. Routinely interacted with the Personnel Committee of the Board of

Directors, prepared exhibits and led presentations on executive

compensation programs, incentive plans, qualified and non-qualified

benefits, HR programs; prepared and maintained Committee minutes.

. Authored the Compensation Discussion and Analysis report (describing

executive compensation practices) for Personnel Committee and Board

approval included in the annual Form 10K filing with the SEC. Drafted HR-

related 8K releases in compliance with SEC requirements.

PROFESSIONAL EXPERIENCE PRIOR TO 1988

Providence Hospital, Cincinnati, Ohio Director, Employee Relations

Marion General Hospital, Marion, Ohio Director, Human Resources & Labor

Relations

Key Results:

. Member of senior administrative team with regular interaction with the

Board of Directors; led presentations on employer relations matters and

employee compensation topics.

. Implemented comprehensive revisions in compensation and fringe benefits

programs, including the design and introduction of the first private

pension plan.

. Introduced employee relations programs to maintain non-union status;

chaired negotiating committee for initial collective bargaining agreement

and two subsequent economic reopeners.

EDUCATION

University of Cincinnati, Cincinnati, Ohio

Bachelor of Arts, Major: Personnel/Industrial Relations.

Completed additional graduate level courses in Human Resources and

Industrial Relations.

PROFESSIONAL CERTIFICATIONS

Senior Professional Human Resources (SPHR) - Life Certified

Lean Six Sigma White Belt

PROFESSIONAL ASSOCIATIONS

Society for Human Resources Management

World at Work

Greater Cincinnati Human Resources Association

Greater Cincinnati Compensation & Benefits Association

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