BNY Mellon appoints CEO
The Bank of New York Mellon Corporation (BNY Mellon) has appointed Thomas P (Todd) Gibbons as Chief Executive Officer (CEO), effective immediately.
Gibbons has served as interim CEO since September 2019.
Joseph Echevarria, a member of BNY Mellon's Board of Directors since February 2015, will continue to serve as Independent Chairman of the Board.
Echevarria says: "We are excited to appoint Todd as our Chief Executive Officer, a role he has performed exceptionally on an interim basis. The Board conducted a comprehensive search process over a number of months, and we concluded he is the right person for the job. Todd is an accomplished and respected leader who is well known to all of our stakeholders, with a deep connection to the company and its client base. He has a tremendous understanding of what's needed to drive the company's success in the future, and we look forward to continuing to work with him."
Prior to being named interim CEO in September, Gibbons served as Vice Chairman and CEO of Clearing, Markets and Client Management – a role that represented about half of BNY Mellon's earnings. Prior to that role, he was BNY Mellon's Chief Financial Officer for nine years, Chief Risk Policy Officer for six years, among others during his distinguished career with the company.
Gibbons says: "I am deeply honoured to serve as CEO of BNY Mellon, a company to which I have dedicated my entire career. We are the trusted stewards of our clients' businesses, and I look forward to working with the Board and leading our nearly 50,000 talented employees as we continue to evolve our great company. We will build on our strong foundation to continue to drive improved performance and innovation across BNY Mellon while also delivering on our promise to our clients, shareholders and employees."