- He has been in the position of CEO at M&T Bank Corporation for almost 35 years
- René Jones taking over
(exechange) — Buffalo, New York, December 20, 2017 — Bob Wilmers, chief executive of M&T Bank Corporation, has died. M&T Bank Corporation announced his death on Sunday, December 17, 2017. Robert G. (Bob) Wilmers has been in the position of Chief Executive Officer at M&T Bank Corporation for almost 35 years. He died at age 83.
Wilmers’ duties will be taken over by René Jones, most recently Executive Vice President at M&T Bank Corporation.
It is a generational change as well. René Jones is about 30 years younger than Bob Wilmers.
“Died suddenly and unexpectedly”
M&T Bank Corporation said: “With deep sadness, M&T Bank Corporation … announced that Chairman and Chief Executive Officer Robert G. Wilmers died suddenly and unexpectedly at home late last night.”
M&T Bank Corporation further said: “Chairman and Chief Executive Officer Robert G. Wilmers died suddenly and unexpectedly at home late in the night on December 16, 2017.”
In the position of CEO since 1983
Robert G. Wilmers was Chairman and Chief Executive Officer of M&T Bank Corporation (“M&T”) and its principal subsidiary, M&T Bank.
He has held both positions since May 1983, when M&T had assets of $2 billion. Today, M&T’s assets total more than $122 billion.
Wilmers has received many honors and awards for his service to the banking industry, as well as for his leadership and contributions to the Buffalo, N.Y. community, where the M&T Bank is headquartered.
These awards include the Greater Buffalo Chamber of Commerce ‘Western New Yorker of the Year’ Award (1991); State University of New York at Buffalo School of Management ‘Niagara Frontier Executive of the Year’ Award (1992); The Buffalo News ‘Citizen of the Year Award’ (1987 and 1994); American Banker ‘Lifetime Achievement’ Award (2005); American Banker ‘Banker of the Year’ Award (2011); the ‘Chancellor Charles P. Norton Medal,’ the State University of New York at Buffalo’s highest honor, for civic patriotism (2015); and ‘Officier of the Legion of Honor’ by the President of France (2017).
He has also received honorary degrees from Canisius College (Doctor of Humane Letters in 1988), Niagara University (Doctor of Commercial Science in 1991) and the State University of New York at Buffalo (Doctor of Humane Letters in 2004).
Wilmers graduated from Harvard College and attended the Harvard Graduate School of Business Administration. After working in banking in New York, he served in New York City government and then went on to work at Morgan Guaranty Trust Company.
In addition to his role as Chairman and Chief Executive Officer of M&T Bank, Wilmers also previously served as chairman of the Empire State Development Corporation from 2008 to 2009, Chairman of the New York State Bankers Association in 2002 and as a director of the Federal Reserve Bank of New York from 1993 to 1998.
Wilmers is survived by his wife of 20 years, Elisabeth Roche Wilmers, his son Christopher and his wife Serena, and his grandsons Dylan and Theodore.
He was predeceased by his son Robert G. Wilmers, Jr.
Wilmers is also survived by four step-children: Camille de Wouters (Dr. Antoine van Couter), Guillaume de Wouters (Marta Olalde), Juliette Chevalier (Jerome) and Charlotte de Coupigny (Alexandre), along with eleven step-grandchildren.
Push-out Score not determined
When the reason for the departure is death, a Push-out Score™ is not determined.
Read the full story in the exechange report 52.2017 ($).