On April 26, 2017, People's Utah Bancorp announced that Richard T. Beard will retire as President and CEO of PUB and CEO of PUB's wholly owned subsidiary People's Intermountain Bank, effective January 2, 2018. Mr. Beard will continue to serve on PUB's board of directors after his retirement. PUB also announced that Len E. Williams will succeed Mr. Beard at both PUB and PIB on January 2, 2018.

In the interim, Mr. Williams will begin employment with PUB on September 1, 2017 as an Executive Vice President in order to complete a smooth transition of Mr. Beard's current responsibilities. Mr. Williams began serving on the PUB board of directors in March of this 2017.