M&T Bank in Buffalo,
N.Y., announced that its president will retire.
The $149.9 billion-asset
company said in a press release Thursday that Rich Gold will also step down as chief
operating officer, effective after the first quarter of 2023. He will remain on
the board.
“It’s difficult to
overstate Rich’s impact on our company, said René Jones, M&T’s chairman and
CEO, said in the release.
“It has been his life’s
work to instill and perpetuate a culture that we all take pride in — one that
allows us to operate with a sense of purpose and feel as though we are a part
of something larger,” Jones added. “That focus on culture, coupled with a keen
ability to identify and cultivate leaders, has ensured that we have an
outstanding talent base to carry our purpose forward and continue to make a
difference in people’s lives.”
Gold joined M&T in 1989.
He became president and COO in 2017.
M&T did not disclose
any plans for replacing Gold.
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