M&T’s president to retire in 2023

M&T Bank in Buffalo, N.Y., announced that its president will retire.

The $149.9 billion-asset company said in a press release Thursday that Rich Gold will also step down as chief operating officer, effective after the first quarter of 2023. He will remain on the board.

“It’s difficult to overstate Rich’s impact on our company, said René Jones, M&T’s chairman and CEO, said in the release.

“It has been his life’s work to instill and perpetuate a culture that we all take pride in — one that allows us to operate with a sense of purpose and feel as though we are a part of something larger,” Jones added. “That focus on culture, coupled with a keen ability to identify and cultivate leaders, has ensured that we have an outstanding talent base to carry our purpose forward and continue to make a difference in people’s lives.”

Gold joined M&T in 1989. He became president and COO in 2017.

M&T did not disclose any plans for replacing Gold.

The Bank Slate

M&T’s president to retire in 2023

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The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

About the author

Paul Davis has 20+ years of experience following the banking industry. He is currently director of market intelligence at SRM, an advisory firm that operates in North America and Europe.

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