Dime Community's CEO Kevin M. O'Connor To Step Down, Effective August 31, 2023
Portfolio Pulse from Benzinga Newsdesk
Dime Community Bancshares, Inc.'s (NASDAQ:DCOM) CEO Kevin M. O'Connor is set to step down on August 31, 2023. The current President and COO Stuart H. Lubow will succeed him as CEO.
July 28, 2023 | 10:05 am
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NEUTRAL IMPACT
Dime Community Bancshares, Inc. (DCOM) will see a change in leadership as CEO Kevin M. O'Connor steps down in 2023. Stuart H. Lubow, the current President and COO, will take over.
Leadership changes can have a significant impact on a company's direction and strategy. However, as the change is not immediate and the successor is an internal appointment, the short-term impact on the stock is likely to be neutral. The long-term impact will depend on how well Lubow manages the transition and leads the company.
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RELEVANCE 100