New York Community Bancorp appoints CEO Joseph Otting as executive chairman, succeeding Alessandro DiNello.
New York Community Bancorp (NYCB) appoints CEO Joseph Otting as executive chairman, strengthening leadership in overseeing operations and executing strategic initiatives. Former non-executive chairman Alessandro DiNello steps down but remains a board director and senior adviser to Otting. NYCB has faced a 69% stock plunge this year amid concerns over commercial real estate exposure.
June 04, 2024
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