[caption id="attachment_84993" align="alignright" width="199"] Stuart Lum[/caption]
NOVATO -- The parent company of Novato-based Bank of Marin on Wednesday said Stuart Lum will replace Joel Sklar, MD, as board chairman.
Mr. Lum will be chairman of the two boards overseeing the bank's activities starting Jan. 1, 2014. Dr. Sklar, a founding bank board member, has served as chairman since 2007 and will remain a director of Bank of Marin Bancorp (Nasdaq: BMRC).
Also a founding board member, Mr. Lum has been a director for 14 years and is on bank's Executive and Assets and Liabilities committees. He is chairman of the bank's Audit Committee.
Mr. Lum is president of EdgewoodCare, Inc., a 108-bed assisted-living facility in Roseville. He is also the owner of Edgewood Pacific, and equity investment firm with holdings in Hawaii and California. He also serves on the Compensation Committee for Marin Academy, for which he was once a trustee, and was a 1998--2004 trustee for San Domenico School. He was also a trustee of the Stanford Club of Marin from 2008--2012.
A graduate of Stanford University, Mr. Lum has an MBA from the Graduate School of Business, an MS in health services administration and a BA in economics. He is a San Rafael resident.
Dr. Sklar was Bank of Marin chairman during a period of significant growth for the bank, including its growth to more than $1.7 billion in assets and 21 offices in five Bay Area counties. He is credited as having an integral role in helping the bank set up operations in Napa and Alameda counties, along with new offices in Santa Rosa, Greenbrae, Sonoma and San Francisco.
"It has been an honor and a privilege to have served as chairman of an exceptional board of directors," Dr. Sklar said.
Dr. Sklar is currently chief medical officer at Marin General Hospital, and chairs the board of Marin Medical Practice Concepts. He is a cardiologist with Cardiovascular Associates of Marin and San Francisco.