Thomas P. (Todd) Gibbons, a 30-year veteran of the BNY Mellon, has been appointed by the board of directors as interim chief executive officer and a member of its board, effective immediately.
He succeeds Charles W. Scharf, who informed the board of his decision to step down from his CEO and board roles. Joseph Echevarria, a member of BNY Mellon’s board of directors since February 2015 and lead independent director, has been appointed non-executive chairman of the board.
“On behalf of the Board of Directors, we thank Charlie for his contributions to BNY Mellon. We look forward to the continuity provided by Todd’s appointment. Todd is an accomplished and respected leader who is well known to all of our stakeholders. He has been a driving force behind the development and execution of our strategic vision and transformation, and that will continue,” said Echevarria.
Gibbons served for nine years as BNY Mellon’s chief financial officer and most recently as vice chairman and CEO of Clearing, Markets and Client Management. Under his leadership, these businesses have experienced growth and strong performance.