First Niagara Financial Group Inc. (FNFG), Tuesday named Gary Crosby interim Chief Executive Officer and President. The announcement follows in the wake of the departure of John Koelmel, First Niagara's President, Chief Executive Officer and Board member, effective immediately.
Crosby who currently serves as the Executive Vice President and Chief Administrative and Operations Officer of the company, was a founding shareholder of ClientLogic Corp where he served as chief financial and chief operating officer.
Earlier on, He served as a partner with Seed Capital Partners, a venture capital firm.
First Niagara in a statement added that a special committee of the Board's independent directors had been formed to initiate a search for a permanent President and Chief Executive.
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