There’s a new president at 1st National Bank of Scotia in New York.
The $676 million-asset bank said in a press release that Robert Dieterich had taken on the expanded role. Dieterich, who will remain chief operating officer, succeeded John Buhrmaster, who is still CEO.
Buhrmaster will now focus on strategic direction and maintaining relationships with key stakeholders. Dieterich will oversee the bank’s employees, customer relationships, strategy execution, and operational efficiency.
“As we evolve and prepare for the future, it’s crucial that we have the right leadership in place,” Buhrmaster said in the release. “By splitting the roles of president and CEO, we can sharpen our focus on … high-level strategy and operational excellence.”