Community Bank System in Syracuse, N.Y., will have a new CEO in 2024.
The $15.2 billion-asset company said in a press release that Mark Tryniski will retire as president and CEO on Dec. 31. Tryniski, who had led the company since 2006, plans to remain a director until the end of next year.
Dimitar Karaivanov, the company’s chief operating officer, will succeed Tryniski and join the board on Jan 1.
Karaivanov joined the company in June 2021 as executive vice president of financial services and corporate development. He because COO last October.
Karaivanov previously served as managing director in Lazard’s financial institutions group.