BUFFALO, N.Y., Dec. 20, 2017 /PRNewswire/ -- M&T Bank
Corporation (NYSE: MTB)("M&T") announced today that René F.
Jones has been appointed Chairman and Chief Executive Officer of
M&T and its principal banking subsidiary, M&T Bank. He was
also elected to the Board of Directors of both M&T and M&T
Bank. Mr. Jones succeeds M&T's longtime Chairman and CEO
Robert G. Wilmers, who died suddenly
and unexpectedly at home on Saturday, December 16.
Also today, M&T named Richard S.
Gold President and Chief Operating Officer of M&T and
M&T Bank. Mr. Gold was also elected to the Board of Directors
of both M&T and M&T Bank.
"Over the past 34 years, Bob
Wilmers built M&T into one of the most successful banks
in the country," said Robert T.
Brady, M&T's Non-Executive Chairman. "Mr. Wilmers
did not do it alone, however. Thousands of experienced colleagues
have worked side-by-side with Bob to develop and deliver M&T's
successful community-focused approach, including a Management
Committee comprised of members with an average tenure of 24 years
at M&T.
"Today, we named one of Bob's long-tenured colleagues, René
Jones, to succeed him as Chairman and Chief Executive Officer, and
another, Rich Gold, as President and
Chief Operating Officer," continued Mr. Brady. "Together, René,
Rich and the rest of the Management Committee are well prepared to
perpetuate M&T's long record of strength and success, and to
carry on Bob's tradition of conservative, consistent community
banking."
Mr. Jones, 53, joined M&T in 1992, and was appointed to the
Management Committee in 2005. He served as M&T's Chief
Financial Officer from 2005 to 2016. He received a Bachelor of
Science in Management Science from Boston
College and a Master of Business Administration with
concentrations in Finance, Organization and Markets from the
University of Rochester Simon School of
Business.
Mr. Gold, 57, began his career with M&T Bank in 1989 and has
held numerous managerial positions in retail banking, consumer
lending, mortgage and business banking. In 2007, he was
appointed to the Management Committee, and in 2014, he was named
Vice Chairman and took on the role of Chief Risk Officer. He earned
a Bachelor of Science (BS) from Cornell
University School of Industrial and Labor Relations and a
Master of Business Administration (MBA) from New York University Stern School of Business.
"Bob Wilmers was an inspiration
to us all, and his legacy will live on in everything we do to
support our colleagues, serve our customers and strengthen our
communities," said Mr. Jones. "Our shareholders, employees,
customers and communities can expect to see continuity in M&T's
overall vision and direction, and a continued commitment to the
values that Bob Wilmers
embodied."
"Together, the M&T family will carry on—as Bob would have
wanted—focused as strongly and steadfastly as ever on our
colleagues, our customers and our communities," said Mr.
Gold.
M&T had announced on Sunday, December
17 that lead outside director Robert
T. Brady, former Chairman and CEO of Moog, Inc., was named
M&T's Non-Executive Chairman. Today, Mr. Brady resumed his role
as Vice Chairman and lead outside director of M&T's Board.
About M&T Bank
M&T is a financial holding company headquartered in
Buffalo, New York. M&T's
principal banking subsidiary, M&T Bank, operates banking
offices in New York, Maryland, New
Jersey, Pennsylvania,
Delaware, Connecticut, Virginia, West
Virginia and the District of
Columbia. Trust-related services are provided by M&T's
Wilmington Trust-affiliated companies and by M&T Bank.
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SOURCE M&T Bank Corporation