RICHARD T. FITZPATRIC, E-mail: fitz_rt@hotmail.

com
SPHR Home: (513) 769-6225
3837 Monet's Lane Cell: (513) 218-0485
Cincinnati, Ohio 45241

SUMMARY
Accomplished Human Resources Executive with diverse leadership experience in all
facets of the Human Resources function. Extensive knowledge of the strategic
management of employee and executive compensation including development and
administration of variable incentive plans and non-qualified arrangements.
Proactive leader of employee engagement and organizational development
initiatives.

Areas of expertise include:

Total Rewards – Design & Administration Talent Acquisition & Management
Qualified & Non-qualified Retirement Plans Leadership Development
Corporate Governance Succession Planning

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
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E-mail: fitz_rt@hotmail.com

programs.
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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
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E-mail: fitz_rt@hotmail.com

Lean Six Sigma White Belt

PROFESSIONAL ASSOCIATIONS
Greater Cincinnati Compensation & Benefits Association – Board Member
Greater Cincinnati Human Resources Association
Society for Human Resources Management
World at Work