Friday, December 16, 2011

F.N.B. appoints former CEO Steve Gurgovits as CEO - Pittsburgh Business Times:

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Gurgovits, who led F.N.B. for several years and steppesd aside for successor Roberft New inApril 2008, was pullefd back in as interim chief 10 months later after New abruptly resigned. The announcement, effective was made Tuesday after financiallmarkets closed. Gurgovits, who retained the chairmann rolethrough New’s tenure, has worked at F.N.B. for 48 Under his direction, F.N.B.’s boars will appoint a chairman so Gurgovitsx can focus on hiscorporatse responsibilities. An announcement is expected laterthis “I have a feeling part of the equationh here has to do with Mr.
Gurgovits and his motivation and, he’s more than qualified, probablt the best candidate forthe job,” said Jason a financial analyst who tracks F.N.B. for , Pa.-based investment firm. “It’s not entirely surprising. He’s very comfortable in the F.N.B. also announced two key promotions. Vincengt Delie has been named executive vice president and chiefrevenue officer; he remains president of F.N.B.’s banking CFO Brian Lilley was given the additional appointments of seniod vice president and chief operating F.N.B. is based in Hermitage, northj of Pittsburgh, and had assets of $8.5 billion as of Mar. 31. Its stockl finished Tuesday tradingat $6.
77 per up 4 cents.

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