MELLON APPOINTS TWO TO VICE CHAIRMAN POSTS
MELLON APPOINTS TWO TO VICE CHAIRMAN POSTS PITTSBURGH, June 16 /PRNewswire/ -- Steven G. Elliott and Keith P.
Russell have been appointed vice chairmen of Mellon Bank Corporation, (NYSE: MEL) according to Frank V. Cahouet, chairman and chief executive officer.
The appointments of Elliott and Russell, formerly executive vice presidents, were approved today by the corporation's board of directors and are effective immediately. They also were appointed to the Office of the Chairman, the executive management body that sets corporate strategies and policies, and oversees day-to-day operations. Cahouet also announced that Vice Chairman Richard H. Daniel, who turns 65 on July 31, 1992, will give up his chief credit officer title but will maintain responsibility for managing the corporation's loan workouts. Daniel, who is a director of both Mellon Bank Corporation and Mellon Bank, N.A., as well as a member of the Office of the Chairman, will continue to report directly to Cahouet. In addition to his loan workout responsibilities, he will play a key role in the corporation's acquisition activities. Daniel joined Mellon as chief credit officer in October 1986, and was elected to the corporation's board of directors the following year. In addition to being named a vice chairman, Elliott, 45, retains his current title of chief financial officer and all related responsibilities. Elliott joined Mellon Bank Corporation in 1987 as executive vice president in charge of the Finance Department. He was named chief financial officer in January 1990. Russell, 46, retains his chairmanship of the Credit Policy Committee and assumes the additional title of chief credit officer, succeeding Daniel in that capacity. Russell joined Mellon in September 1991 and served as executive vice president in charge of the Information Management and Research, Technology Products and Mortgage Banking departments prior to being named head of the Credit Policy Department and chairman of the corporation's Credit Policy Committee in October 1991. With assets of approximately $30 billion, Mellon Bank Corporation is a major bank holding company. Through its subsidiaries, it provides retail banking, wholesale banking and service products, principally trust and investment, cash management, information services, securities transfer and mortgage banking. /delval/ -0- 6/16/92 /EDITORS: Complete biographies of Daniel, Elliott and Russell are available upon request./ /CONTACT: Thomas W. Butch of Mellon Bank Corporation, 412-234-6436/ (MEL) CO: Mellon Bank Corporation ST: Pennsylvania IN: FIN SU: PER
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|Date:||Jun 16, 1992|
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