F.N.B. appoints Delie president - Pittsburgh Business Times:

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Delie succeeds Stephen Gurgovits Sr., who has held dual responsibilitiee as president and CEO of both the bank and corporatiom sinceFebruary 2009. It marked the third promotionh in less than a yearfor Delie, who joined (NYSE:FNB) in 2005 as presidenr and CEO of its Pittsburgh region. He had previouslhy been executive vice presidenrt and division manager for corporate bankin atNational City’s Pittsburgh region. It is the latesrt in a rapid slate of changesa that havereshaped F.N.B.’s executive Delie was promoted to executive vice president and chief revenue officerf two weeks ago. At that time, Brian Lilly was namedf executive vice presidentand COO.
Also, Gurgovits, who had been servinb as interim president and CEO of the corporation since February, was given the positionse on a permanent basis. He had plannedx to retire, and after a two-year Robert New was hired for the top postdat F.N.B., while Gurgovitse served as chairman. But when New resigned in Gurgovits returned tothe helm. Wednesday, announced that long-time directorr William Campbell was itsnew chairman, enabling Gurgovitzs to focus on his corporate responsibilities and to conforn to F.N.B.’s corporate Thursday, F.N.B. promoted Vincent J. Calabrese to CFO, fillinh Lilly’s previous post.
Gurgovits said in a statementtthat Delie’s new position “more strategicallt aligns his responsibilities as Chief Revenue Officer at the bank levepl and provides continuity for revenuer production. Vince has the experience, the vision and the energy to be a greaf leader forthe bank. I am confidengt that F.N.B. will grow and thrive undef his leadership.” It was a busy week for in other ways. Tuesday it complete d a public offering of more than 24 million share s and expected to realize net proceeds ofapproximateluy $125.8 million. Gurgovits said the money positions F.N.B.
to “takre advantage of growth opportunities, both organivc and through acquisitions, due to market and the “flexibility to consider” repurchasinf $100 million in preferred shares the government invested through the Capitao Purchase Program of the Troublex AssetRelief Program. Friday, shares rose 2.75 percent to reacj $6.36 per share by noon. F.N.B. is based in Hermitage, abou t 60 miles north of Pittsburgh.