Kathleen Skarvan Biography and Net Worth

Ms. Skarvan was elected to our Board in June 2022. She has also served on the Board of Directors of the Bank since November 2018, and continues to do so. She is retired from Electromed, Inc., where she served as Chief Executive Officer since 2012, and Chief Executive Officer and President from 2015 until her retirement in July 2023. She also became a director of Electromed, Inc. in 2013, and Chair in July 2023. Ms. Skarvan served as Vice President of Operations at OEM Fabricators, Inc. from November 2011 until October 2012. Prior to her position with OEM Fabricators, Inc., she served in various roles at Hutchinson Technology Incorporated, most recently as the President of the Disk Drive Components Division from April 2007 until March 2011. As President of the Disk Drive Components Division, she managed a public company division with annual revenues in excess of $300 million. She also served as a Senior Vice President of Hutchinson Technology Incorporated from December 2010 to March 2011, and as Vice President of Sales & Marketing of the Disk Drive Components Division from October 2003 until April 2007. Ms. Skarvan served on the Board of Trustees of the St. Cloud State University Foundation from June 2015 to June 2021. She was elected to the board of Clearfield, Inc. in December 2025. She received her bachelor’s degree from St. Cloud State University. Ms. Skarvan is a member of the Audit Committee and the Risk Oversight Committee Chair of the Board of Directors of the Bank. Ms. Skarvan brings to the Board professional experience in business operations and executive leadership roles, compensation experience, risk assessment skills, as well as her knowledge of the Bank, all of which led to the conclusion that she should serve as a director of Citizens.