Bank of New York Mellon Names Gibbons CEO, Removing Interim Tag -- Update
March 30 2020 - 1:27PM
Dow Jones News
By Colin Kellaher
Bank of New York Mellon Corp. on Monday said it named Todd
Gibbons as chief executive, removing the interim tag he has carried
since last fall.
Mr. Gibbons took the helm of the New York bank in October after
Charles Scharf resigned as chairman and CEO to become president and
CEO of Wells Fargo & Co.
BNY said Mr. Gibbons, 63 years old, "has performed
exceptionally" during his interim stint, adding that the board
conducted a comprehensive search over a number of months for a
successor to Mr. Scharf.
The longtime BNY executive joined the bank in 1986.
BNY said Joseph Echevarria, a board member since February 2015,
will continue to serve as independent chairman. Mr. Echevarria, who
stepped in as chairman when Mr. Scharf left, retired in 2014 as CEO
of accounting giant Deloitte LLP.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
March 30, 2020 13:12 ET (17:12 GMT)
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