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Bank of New York Mellon chairman to retire

By Associated Press
June 12, 2008 | Comments (0)

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Thomas A. Renyi, the executive chairman of Bank of New York Mellon Corp. said Thursday he plans to retire at the end of July.

Chief Executive Robert P. Kelly will assume the additional role of chairman when Renyi steps down on July 31.

Renyi has served as the company's executive chairman since Bank of New York Co. bought Mellon Financial Corp. in July 2007. Before the merger, Renyi was Bank of New York's chairman and CEO. Since the deal closed, he has overseen the company's integration efforts.

Renyi was named president of Bank of New York in 1992. He became CEO in 1997 and was elected chairman in the following year.

Shares rose 86 cents, or 2.1 percent, to $41.14 in morning trading.

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