New York Community Bancorp Names President And CEO Joseph Otting To Assume Additional Role Of Executive Chairman, Effective Close Of Business On June 5, 2024
Portfolio Pulse from Benzinga Newsdesk
New York Community Bancorp (NYCB) has announced that President and CEO Joseph Otting will assume the additional role of Executive Chairman effective June 5, 2024. Alessandro P. DiNello will step down as Non-Executive Chairman but will remain a Board director and senior advisor to the CEO.
June 04, 2024 | 9:07 pm
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New York Community Bancorp (NYCB) has announced a leadership change with President and CEO Joseph Otting taking on the additional role of Executive Chairman effective June 5, 2024. Alessandro P. DiNello will step down as Non-Executive Chairman but will remain a Board director and senior advisor to the CEO.
The appointment of Joseph Otting as Executive Chairman is a significant leadership change that could positively impact NYCB's strategic direction and investor confidence. Alessandro P. DiNello's continued involvement as a Board director and senior advisor ensures continuity.
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