Press Release
F.N.B. Corporation Announces CEO SuccessionVincent J. Delie, Jr. Named to Lead Company
Hermitage, PA - January 18, 2012 - F.N.B. Corporation (NYSE: FNB) today announced that Vincent J. Delie, Jr. has been elected Chief Executive Officer of the organization, effective January 18, 2012. Delie succeeds Stephen J. Gurgovits, who will now serve as Chairman of the Board. Delie, who was also elected to the Board of Directors, will remain President of F.N.B. Corporation and CEO of First National Bank, F.N.B. Corporation's largest affiliate.
Vincent J. Delie, Jr. has more than 26 years of financial
services experience, the last seven of which have been with
the Company. Delie's proficiency in directing change,
developing efficient business processes and establishing
high-performing, winning teams led to multiple promotions
since his tenure began as President of the Bank's Pittsburgh
Region in 2005. Delie has also been instrumental in driving
organic revenue growth for the Company and in the integration
of six bank acquisitions.
"F.N.B. Corporation has been consistent in building
customer and shareholder value, and it was important that the
search for the next Chief Executive Officer identify a leader
who can continue that successful focus," commented
Gurgovits. "The Board's Succession Committee recognized
Vince's extraordinary record of leadership in moving the
Company forward, a quality that will help ensure continued
momentum for the Corporation. In addition to driving results,
he has the passion for customer service that has made our
Company so successful, both internally as well as with our
clients."
"F.N.B. has a rich history and a very bright future, and
I consider it extremely rewarding to be a part of this
winning team," stated Delie. "Our success as an
organization is due in part to our commitment to service and
integrity, and we will continue to build on that solid
foundation. We also have the benefit of an experienced and
knowledgeable Board of Directors who will continue to provide
sound guidance that is aligned with our Company's core
values."
Gurgovits will serve as Chairman of F.N.B. Corporation and
continue in his role as Chairman of First National Bank. In
March 2012, he will begin a five year consulting agreement
with the Company. William Campbell, who previously served as
Chairman, will remain on the Board and serve as Lead
Director.
Mr. Delie joined First National Bank in 2005 as President and
CEO of the Bank's Pittsburgh Region. Much of his career was
spent in the Pittsburgh area with National City Bank of
Pennsylvania, where he was Executive Vice President and
Division Manager for Corporate Banking. Prior to joining
National City, Mr. Delie worked as an associate at various
firms in investment banking and capital markets.
Mr. Delie is a graduate of The Pennsylvania State University,
where he earned a Bachelor Degree in Business Administration
and Finance. He currently is a member of the Board of
Directors for F.N.B. Corporation, First National Bank of
Pennsylvania, First National Investment Services Company,
F.N.B. Capital Corporation and First National Insurance
Agency. He also serves as Chairman of First National Trust
Company, F.N.B. Commercial Leasing and the Bank's Community
Reinvestment Act Committee. He has been a member of the Board
of
Trustees for the Watson Institute and has been involved with
a number of community-based entities including Life's
Work of Western Pennsylvania and the Pittsburgh Zoo and
Aquarium where he also served on the Board of Directors.
Delie, a member of the Pennsylvania Bankers Association
(PBA), currently serves on the Board of Directors of the
Pennsylvania Economy League of South Western Pennsylvania and
is a member of the Pennsylvania Business Council.
Mr. Gurgovits has served in a variety of capacities during
his 50-year tenure with F.N.B. Prior to his current role as
CEO of F.N.B. Corporation, which he assumed in 2004, he
served as President of F.N.B. Corporation and President and
CEO of First National Bank of Pennsylvania.
Under Gurgovits's leadership as CEO, F.N.B. Corporation
completed eight bank mergers, growing assets from $3.8
billion to $12 billion, doubled the size of its insurance
affiliate, expanded its finance company, and created a wholly
owned merchant banking subsidiary, F.N.B. Capital
Corporation.
Gurgovits is a respected leader throughout the banking
industry and the community. He is a member of the
Pennsylvania Bankers Association (PBA), an organization he
previously served as Chairman. He also served as a member of
the Board of Directors of the American Bankers Association
and a member of the American Bankers Council. He serves the
community as a board member for numerous educational,
developmental and health care institutions including Penn
State University Shenango in Sharon and Penn State University
Behrend in Erie, Penn- Northwest Development, Sharon Regional
Health System and the Strimbu Memorial Fund. He served as
Chairman for the Buhl Farm Capital Campaign and is currently
a Buhl Trustee.
F.N.B. Corporation, headquartered in Hermitage, PA, is a
diversified financial services company with total assets of
$9.95 billion at September 30, 2011. F.N.B. Corporation is a
leading
provider of commercial and retail banking, leasing, wealth
management, insurance, merchant banking and consumer finance
services in Pennsylvania, Ohio and West Virginia, where it
owns and operates First National Bank of Pennsylvania, First
National Trust Company, First National
Investment Services Company, LLC, F.N.B. Investment Advisors,
Inc., First National Insurance
Agency, LLC, F.N.B. Capital Corporation, LLC, Regency Finance
Company and F.N.B. Commercial Leasing. It also operates
consumer finance offices in Kentucky and Tennessee.
The common stock of F.N.B. Corporation trades on the New York
Stock Exchange under the symbol "FNB" and is included in
Standard & Poor's SmallCap 600 Index with the Global Industry
Classification Standard (GICS) Regional Banks Sub-Industry
Index. Investor information is available on F.N.B.
Corporation's website at www.fnbcorporation.com.
# # #
Analysts & Institutional Investor Contact Cynthia Christopher christoc@fnb-corp.com
724-983-3429
724-815-3926 (cell)
Media Contact Jennifer Reel reel@fnb-corp.com
724-983-4856
724-699-6389 (cell)
distribué par | Ce noodl a été diffusé par FNB Corporation et initialement mise en ligne sur le site http://www.fnbcorporation.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-18 22:56:06 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
F.N.B. Corporation Announces CEO Succession |