SAN FRANCISCO--Robert P. Gray announced his resignation as president and chief operating officer of National Bancorp of Alaska, effective Dec. 31.
The move is a voluntary "change in lifestyle," said Edward B. Rasmuson, chairman and chief executive. Mr. Gray plans to move to Australia, where he will study and teach in graduate programs at the University of Sydney.
Mr. Gray, 47, has been the company's second-making executive since 1985.
He will be succeeded by executive vice president Richard Strutz, 41, the chief lending officer. Mr. Strutz, who joined National Bancorp as a teller in 1970, was a branch manager and commercial lending chief before his appointment to the top lending job in 1987.
National Bancorp, the parent of National Bank of Alaska, is the largest banking company in the state, with $2.1 billion in assets. It reported third-quarter earnings of $8.67 million, up 16% from the level of 1991's third quarter. The nine-month total rose 24%, to $26.2 million.