M&T Bank's Wilmers Steps Down As CEO - Forbes.com
M&T Bank's Wilmers Steps Down As CEO - Forbes.com: "M&T Bank's Wilmers Steps Down As CEO
06.22.2005, 09:58 AM
M&T Bank Corp. said Wednesday that Robert G. Wilmers has stepped down as president and chief executive officer, though he will remain chairman of the financial company.
The firm appointed company insider Robert E. Sadler Jr. to succeed Wilmers and also named him the CEO of its company's main banking unit, M&T Bank. Wilmers will take over Sadler's role as chairman of that business.
The 71-year-old Wilmers had been chairman, president and CEO since 1983. Sadler, 60, had been chairman of the M&T bank unit since 2003 and president of the business from 1996 to 2003.
M&T shares rose 74 cents to $107.14 in morning trading on the New York Stock Exchange. "
06.22.2005, 09:58 AM
M&T Bank Corp. said Wednesday that Robert G. Wilmers has stepped down as president and chief executive officer, though he will remain chairman of the financial company.
The firm appointed company insider Robert E. Sadler Jr. to succeed Wilmers and also named him the CEO of its company's main banking unit, M&T Bank. Wilmers will take over Sadler's role as chairman of that business.
The 71-year-old Wilmers had been chairman, president and CEO since 1983. Sadler, 60, had been chairman of the M&T bank unit since 2003 and president of the business from 1996 to 2003.
M&T shares rose 74 cents to $107.14 in morning trading on the New York Stock Exchange. "
posted by Ask Ceo | 12:00 AM
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