GLENVILLE, NY – TrustCo Bank Corp NY (NASDAQ:TRST), a state commercial bank headquartered in New York, announced today the appointment of Robert M. Leonard as the Chief Operating Officer (COO) of both the company and its principal subsidiary, Trustco Bank. The appointment is effective immediately.
Leonard, 61, brings a wealth of experience to his new role, having been with TrustCo since 1986. His tenure at the company has seen him serve in various capacities, including Executive Vice President Corporate Services and Risk since 2013. Before that, he held positions such as Senior Vice President, Secretary, and Assistant Secretary of both TrustCo and Trustco Bank.
The company's announcement clarified that there are no familial or transactional relationships between Leonard and any other executive officers or directors at TrustCo. Additionally, there are no related party transactions requiring disclosure under SEC regulations.
Leonard's compensation arrangements remain unchanged with this new appointment, as outlined in the definitive proxy statement filed with the Securities and Exchange Commission on April 1, 2024.
TrustCo emphasizes that Leonard's extensive experience with the company, which spans over three decades, positions him well to take on the responsibilities of COO. His leadership roles have provided him with a deep understanding of the company's operations and strategic direction.
This executive movement reflects TrustCo's commitment to internal leadership development and stability. As COO, Leonard will continue to work closely with the senior management team to ensure operational excellence and to support the company's growth initiatives.
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