First Niagara Announces Management Changes

BUFFALO – First Niagara Financial Group President and Chief Executive Officer Gary M. Crosby recently announced changes to his executive leadership team.

The following individuals will continue to serve on the company’s executive management team and will report directly to Crosby: Gregory Norwood, senior executive vice president, chief financial officer; Richard Barry, executive vice president, chief risk officer; Andrew Fornarola, executive vice president, consumer finance group; and Mark Rendulic, executive vice president, retail banking.

Inder Koul and Julie Signorille have been promoted and will join the company’s executive management team, reporting to Crosby. Koul, executive vice president, chief information officer, joined First Niagara in November 2012 from Huntington Bancshares Incorporated, where he served in the roles of CIO for the bank’s Commercial, Auto Finance and Corporate Services groups, and as director of Enterprise Project Management Office. Prior to Huntington, he was with Bank of America and served in a variety of senior executive positions, including business processing, operations, customer service and IT program management roles. Earlier in his career, he worked on the delivery of large-scale program implementations at IBM, KPMG Consulting, Verizon, Morgan Stanley and Citibank UK. Signorille, executive vice president, managing director of operations, joined First Niagara in May 2010 as senior vice president, managing director-operations and has enterprise-wide leadership responsibility for Banking and Card Operations, Consumer Loan Operations, Facilities, Strategic Sourcing and Business Performance Management. An operations and financial services executive with more than 29 years experience, Signorille previously served as vice president, U.S. Operations for Symcor, a leading operations outsourcer to the financial services industry. Prior to that, she was with Unisys Corporation as director of service delivery and client relationship manager and with Citibank as vice president of operations.

“I am proud of the talented leadership team we have assembled,” Crosby said. “Each one of these leaders has a proven track record of success and a deep knowledge of our business, customers and industry.”

First Niagara also announced the elimination of the chief banking officer position. The company has initiated a search for an executive vice president of commercial financial services. Daniel E. Cantara, III, senior executive vice president and chief banking officer, will be leaving the company effective no later than Feb. 28.

“I thank Dan for his contributions and years of service to First Niagara,” Crosby said.