Michael J. Fitzpatrick, executive vice president and CFO of OceanFirst Financial, the holding company of OceanFirst Bank, will retire on June 1. OceanFirst’s board of directors chose Patrick S. Barrett as Fitzpatrick’s successor.

Barrett is expected to join OceanFirst as executive vice president of finance on April 18 before taking over the CFO role on June 2. After June 1, Fitzpatrick will serve as a consultant for the company.

“I am grateful for the privilege of serving as the chief financial officer for our company for so many years and proud of our accomplishments,” Fitzpatrick said. “I have truly enjoyed the opportunity to work with the incredibly talented team at OceanFirst and know that my colleagues will continue to deliver strong performance while growing our regional financial institution.”

“Mike has been an invaluable member of the OceanFirst team for almost 30 years since becoming the bank’s first chief financial officer in 1992. His accomplishments have had a significant impact on our company and include our initial public offering in 1996 and the efforts to establish OceanFirst Foundation at that time,” Christopher D. Maher, chairman and CEO of OceanFirst, said. “Mike’s sound financial leadership has seen the company through seven acquisitions and the realization of many successful growth strategies. I am personally grateful to Mike for his counsel and guidance during my tenure.

“We are pleased to welcome Pat Barrett to our OceanFirst leadership team. Pat is an experienced CFO with an impressive career at large scale, highly effective financial services organizations. I expect Pat will be an asset to our company contributing to our continued growth and success.”

Barrett will join OceanFirst from First Midwest Bancorp, where he was executive vice president and CFO of the $22 billion asset holding company headquartered in Chicago. Last month, First Midwest Bancorp completed a merger of equals with Old National Bancorp. Barrett joined First Midwest Bancorp in 2017 and has managed a team of more than 70 people, including controllers and professionals in treasury, investor relations, strategic planning, corporate development, tax, project management, planning and analysis, facilities, profitability, procurement and performance management functions.

Prior to joining First Midwest Bancorp, Barrett was the CFO at Fulton Financial. His career spans more than 30 years and includes additional leadership positions at SunTrust Bank, JPMorgan Chase and Deloitte. Barrett is a certified public accountant and a certified internal auditor.

“I am delighted to be joining OceanFirst, an organization that has a deep commitment to performance, innovation and serving their customers and the community,” Barrett said. “I am truly excited for the opportunity to be part of the OceanFirst team and contribute to the continued success and growth of such a dynamic company.”