Matthews, Young - Management Consulting Adds Location and Two Principals

Matthews, Young & Associates, Inc., a 38 year old North Carolina based consulting firm doing business as Matthews, Young – Management Consulting, announced today that Nathan M. Gittner and David W. Jones, formerly of Silverton Bank, have joined the firm as Principals in the firm’s Strategic Planning and Executive Compensation practices. The two Principals are also opening the firm’s new Atlanta, Georgia office.

Prior to joining Matthews, Young & Associates, Inc., Mr. Gittner was Director of Consulting Activities in Strategy and Human Capital at Silverton Bank. He has experience in creating and implementing strategic plans for community financial institutions and started a captive insurance company to satisfy the insurance needs of financial institutions while at Silverton Bank. Prior to joining Silverton Bank, he was a manager at Accenture’s Finance and Performance Management Service line. While at Accenture, Mr. Gittner worked with the finance organizations of many Fortune 500 companies and has developed domestic and international strategic plans for companies that align their people, processes and technology with a single vision. Mr. Gittner is a graduate of North Carolina State University and holds a Bachelor’s & Master’s degree in Aerospace Engineering. He is also a graduate of The Accenture Center for Professional Studies and a guest lecturer at Georgia State University.

Mr. Jones is returning to Matthews, Young where he began his consulting career and, as a Principal consultant, led the firm’s compensation consulting practice. Most recently, he was a Senior Vice President and Principal in the Consulting Division of Silverton Bank, leading the Executive Compensation consulting practice. Mr. Jones was also a Principal in the executive compensation consulting practice of Mercer Human Resource Consulting for over 15 years. A cum laude graduate of Davidson College, David holds an MBA from Duke University. He is a member of WorldatWork and has held accreditation as a Certified Compensation Professional since 1983. With over 30 years in consulting, Mr. Jones has worked in a variety of industries as well as addressing the particular needs of SEC-reporting, privately-held, S-corp. and De Novo banks. He specializes in the evaluation, design, and implementation of all aspects of executive and outside director compensation programs. Mr. Jones is frequently retained to evaluate the appropriateness of executive compensation and equity arrangements in light of business performance and returns to shareholders.

J. Timothy O’Rourke, CEO of Matthews, Young & Associates, Inc., said, “We are excited to have Messrs. Gittner and Jones joining our Firm as these are highly respected professionals who bring expertise honed by many years of experience advising companies. This is a significant expansion of our Firm’s capacity to serve our clients in two important practice areas.” O’Rourke also stated Principal Michael C. Hamilton and Senior Consultant P. Randall McGraw “will be working closely with the new members, and the clients they bring to the Firm, to ensure that all new and existing clients experience the high level of service for which Matthews, Young – Management Consulting is known.”