Western Alliance's president resigns

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Western Alliance Bancorp. in Phoenix shuffled some executive duties after its president resigned.

The $26.3 billion-asset company disclosed in a regulatory filing late Friday that James Haught also resigned as its chief operating officer.

Kenneth Vecchione, Western Alliance’s CEO, succeeded Haught as president and took over the responsibilities of principal operating officer, the filing said. Tim Booth, division president of Bridge Bank, was named chief operating officer, overseeing technology and other banking operations.

The filing did not say why Haught, who was 50 when the company filed its proxy statement in April, resigned. Haught joined Western Alliance as chief operating officer in April 2017; he became president a year later.

Western Alliance recently reported that its third-quarter profit rose by 15% from a year earlier, to $127.4 million.

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