M&T vice chairmen to assume duties of late president

M&T

M&T Bank Corporation has named three vice chairmen to fill the duties of the company’s late former presidentMark J. Czarnecki, who died in February.

The duties will be assumed Richard S. Gold,René F. JonesandKevin J. Pearson.

M&T has operated in Delaware since acquiring Wilmington Trust, which was struggling with loan problems. The trust side of the company has retained the Wilmington Trust name.

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“At M&T we have succeeded, in part, by ensuring that our rising leaders gain diverse work, management and leadership experiences. This tradition was exemplified by our long-time President,Mark Czarnecki, whose own career was distinguished by wide-ranging assignments and ever-growing responsibilities,” said M&T Chairman and CEO,Robert G. Wilmers. “While it is difficult to replace Mark and restructure his duties, this necessary task is more manageable because we’re carrying on his career tradition, and because his responsibilities are being passed to strong and experienced leaders who have followed in Mark’s footsteps.”

Wilmers is 82 and has not announced plans to retire. The latest move would seem to suggest that the three vice chairman could be competing for the stop spot. All are in their 50s.

Gold. After leading the Risk Division, he will be moving on from the CRO role and assume responsibility for Retail Banking, Business Banking, Mortgage and Consumer Lending and Marketing, and will also maintain his responsibility for the Legal Division.

The responsibilities of Jones, have been expanded. He has been with the bank for 25 years and has held a variety of leadership roles, including Chief Financial Officer for 11 years. In addition to maintaining his duties runningWilmington Trustand the Treasury Division,

The duties of Pearson have been increased. In addition to maintaining his duties running the Commercial and Credit Divisions, Pearsonwill now have responsibility for the Technology and Banking Operations Division.

Additionally, M&T announced thatNeil Hosty, 41, who is responsible for Retail Banking and Business Banking, has been promoted to Executive Vice President. Hostyhas been with M&T for six years, having spent 14 years with Allied Irish Banks.

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