logo
Share SHARE
FONT-SIZE Plus   Neg

Royal Bancshares Chairman, CEO Robert Tabas Plans To Retire By 2012-end

Royal Bancshares of Pennsylvania, Inc. (RBPAA) said Robert Tabas, chairman and chief executive officer, plans to retire by the end of 2012. Tabas will remain chairman of the board of directors.

The company's board of directors has formed a search committee to select an executive search firm and interview candidates for the combined role of president and chief executive officer.

Murray Stempel, vice chairman and chief lending officer, will also retire from active management of the company and as vice chairman by the end of the year but will remain on the company's board of directors. Further, James McSwiggan has advised the board of his decision to retire as president and chief operating officer and to step down from the board on or before December 31, 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Millennials rely more on social networking site Facebook Inc. (FB) for their political news than Baby Boomers, a survey released by Pew Research Center showed. Data storage firm NetApp Inc. (NTAP) Monday said Chief Executive Officer and Chairman Tom Georgens has stepped down. The company has appointed George Kurian, executive vice-president of product operations, as the new CEO. Georgens' resignation comes just couple of weeks after NetApp reported a fourth-quarter... Apparel maker PVH Corp. said Monday after the markets closed that its first quarter profit rose sharply from last year, when results were weighed down by debt modification and extinguishment costs. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
Follow RTT