F.N.B. Corp. in Hermitage, Pa., said late Wednesday that Stephen J. Gurgovits is stepping down as its chief executive.
The $10 billion-asset company said that Vincent Delie Jr. succeeded Gurgovits, who will become chairman. Delie, who was already the company's president, also joined the board.
F.N.B. said that Gurgovits will begin a five-year consulting agreement with the company in March. William Campbell, who had been the company's chairman, will remain on the board as lead director.
"The board's succession committee recognized Vince's extraordinary record of leadership in moving the company forward, a quality that will help ensure continued momentum," Gurgovits said in the press release. "In addition to driving results, he has the passion for customer service that has made our company so successful, both internally as well as with our clients."
F.N.B. has been in growth mode, agreeing to buy Parkvale Financial Corp. in Monroeville, Pa., in June.