M&T divides key managerial duties among three executives

M&T Bank in Buffalo, N.Y., has divided its former president’s duties among three executives.

The $123 billion-asset company said in a press release Monday that Richard Gold, 56, will take over responsibility for retail and business banking, including mortgages, consumer lending and marketing. Gold previously served as M&T’s chief risk officer.

Rene Jones, 52, will oversee human resources and M&T’s Buffalo Promise Neighborhood initiative. Jones remains the company’s chief financial officer.

Dan Nelken

M&T said Kevin Pearson, 55, who manages commercial lending and credit, will also run its banking operations and technology divisions.

John D’Angelo, who had managed M&T’s audit function, succeeded Gold as chief risk officer.

The moves fill gaps created with Mark Czarnecki, 61, died in February after a battle with pancreatic cancer. Czarnecki had been M&T’s president since 2007 and its chief operating officer since 2014.

"While it is difficult to replace Mark and restructure his duties, this necessary task is more manageable because we're carrying on his career tradition, and because his responsibilities are being passed to strong and experienced leaders,” Robert Wilmers, M&T’s chairman and CEO, said in the release.

Wilmers will turn 83 this month.