UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d) On August 10, 2020, the Board of Directors (the “Board’) of The Bank of New York Mellon Corporation (the “Company”) elected Ralph Izzo as an independent member of the Board, effective immediately. Mr. Izzo has been elected to serve on the Audit and the Corporate Governance, Nominating and Social Responsibility Committees of the Board. With the election of Mr. Izzo, the Company’s Board now consists of 11 directors.
Mr. Izzo will receive customary compensation from the Company for serving as a director in accordance with the non-management director compensation program as described in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on March 3, 2020.
A copy of the Company’s press release relating to the election of Mr. Izzo as a director is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit Number |
Description | |
99.1 | Press Release of The Bank of New York Mellon Corporation, dated August 11, 2020 | |
104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
The Bank of New York Mellon Corporation (Registrant) | ||||||
Date: August 11, 2020 | By: | /s/ James J. Killerlane III | ||||
Name: | James J. Killerlane III | |||||
Title: | Secretary |
Exhibit 99.1
News Release |
Contacts: | Media Manny Goncalves +1 973 809 1114 manuel.goncalves@bnymellon.com |
Analysts Magda Palczynska +1 212 635 8529 magda.palczynska@bnymellon.com |
Ralph Izzo Elected to the Board of Directors of BNY Mellon
NEW YORK, August 11, 2020 The Bank of New York Mellon Corporation (BNY Mellon) (NYSE: BK) announced today that its Board of Directors has elected Ralph Izzo, Chairman, President and CEO of Public Service Enterprise Group Incorporated (PSEG), as an independent director, effective August 10, 2020. With the addition of Mr. Izzo, BNY Mellons Board of Directors will have 11 directors, 10 of whom are independent. Mr. Izzo will serve on the Audit and Corporate Governance, Nominating and Social Responsibility Committees of BNY Mellons Board.
We are thrilled to welcome Ralph to our Board, said Todd Gibbons, CEO of BNY Mellon. With wide-ranging expertise, from strategic planning, to finance and risk management, he will bring a variety of valuable insights.
Ralphs extensive chief executive experience at a complex, publicly traded company, as well as his operations experience in a highly regulated industry, will complement and enhance the diverse experiences and backgrounds of the other members of our Board, added Joseph Echevarria, Chairman of the Board.
Mr. Izzo, 62, has served as Chairman and Chief Executive Officer of PSEG, a publicly traded diversified energy holding company, since April 2007. He has been the companys president and a member of the board of directors of PSEG since October 2006. Previously, Mr. Izzo was president and chief operating officer of Public Service Electric and Gas Company (PSE&G), an operating subsidiary of PSEG. Since joining PSE&G in 1992, Mr. Izzo has held several executive positions within the PSEG family of companies.
In addition to his current public company board service, Mr. Izzo is the chair of the Nuclear Energy Institute (NEI) and a member of the U.S. Department of Energys Fusion Energy Sciences Advisory Committee. He is also on the board of directors for the Edison Electric Institute (EEI), Nuclear Electric Insurance Limited (NEIL), the New Jersey Chamber of Commerce, and the New Jersey Performing Arts Center. Mr. Izzo is on the advisory board for the University of Pennsylvanias School of Engineering and Applied Sciences Mechanical Engineering and Applied Mechanics Department, a member of the Board of Trustees of the Peddie School and Princeton Universitys Andlinger Center for Energy and the Environment Advisory Council, as well as a member of the Visiting Committee for the Department of Nuclear Engineering at Massachusetts Institute of Technology, the Columbia University School of Engineering Board of Visitors and of the CEO Action for Diversity and Inclusion. In addition, he is a former chair of the Rutgers University Board of Governors and the New Jersey Chamber of Commerce.
Mr. Izzo received his Bachelor of Science and Master of Science degrees in mechanical engineering and his Doctor of Philosophy degree in applied physics from Columbia University. He also received a Master of Business Administration degree, with a concentration in finance, from the Rutgers Graduate School of Management.
ABOUT BNY MELLON
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of June 30, 2020, BNY Mellon had $37.3 trillion in assets under custody and/or administration, and $2.0 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
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