The board of directors of Associated Banc-Corp. has tapped Paul S. Beideman as its new president and chief executive officer, replacing Robert C. Gallagher, who is stepping down.

Gallagher, who was named chairman of the board in January, will remain in that role for the foreseeable future. He will provide day-to-day support through a transition period, the company said.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.