First Niagara seeks new CMO & CEO
BUFFALO, NY: First Niagara Financial Group Inc., already in the midst of searching for a new president and chief executive officer, is now on the look-out for another top-level executive.
Patel was hired by First Niagara in 2011 as senior vice president and director of the bank’s retail product development and management group. He served as interim CMO before being named permanently to the position in late 2012.
First Niagara spokesperson David Lanzillo said the search for Patel’s successor is underway. He did not say if the financial services firm has identified candidates for the position.
“We have initiated a search for a new CMO and we are fortunate to have a strong, talented marketing team that isn’t missing beat in the interim,” Lanzillo said.
First Niagara (NASDAQ: FNFG) is the Buffalo parent company of First Niagara Bank. Former president and CEO John Koelmel was terminated from his job in March.
Gary Crosby, the bank’s chief administrative and operations officer, was appointed interim CEO. The bank has said it will provide an update on the CEO search as part of its July second-quarter earnings release.
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