Charles W Scharf appointed BNY Mellon CEO
July 17, 2017

The Bank of New York Mellon Corporation has announced today that Charles W Scharf has been appointed Chief Executive Officer and a Director of the company, effective immediately. He will become Chairman of the Board of Directors effective January 1, 2018.

Gerald L Hassell will continue to serve as Chairman of the Board through December 31, 2017, working closely with Scharf to ensure a seamless transition of responsibilities.

Hassell said: "Today's announcement is the culmination of the Board of Directors' robust and long-term succession planning process. Charlie is an accomplished and distinguished leader, with a record of profitably growing businesses, driving innovation and managing complex, large-scale global financial services organizations."

Scharf was most recently Chief Executive Officer and a Director of Visa Inc from October 2012 till December 2016 and was recognized for transforming the firm into a technology-driven digital commerce company.





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The Bank of New York Mellon Corporation has announced today that Charles W Scharf has been appointed Chief Executive Officer and a Director of the company, effective immediately. He will become Chairman of the Board of Directors effective January 1, 2018.

Gerald L Hassell will continue to serve as Chairman of the Board through December 31, 2017, working closely with Scharf to ensure a seamless transition of responsibilities.

Hassell said: "Today's announcement is the culmination of the Board of Directors' robust and long-term succession planning process. Charlie is an accomplished and distinguished leader, with a record of profitably growing businesses, driving innovation and managing complex, large-scale global financial services organizations."

Scharf was most recently Chief Executive Officer and a Director of Visa Inc from October 2012 till December 2016 and was recognized for transforming the firm into a technology-driven digital commerce company.



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