S&T BANCORP, INC. ANNOUNCES BOARD OF DIRECTORS LEADERSHIP TRANSITION
S&T Bancorp (NASDAQ: STBA) announced significant leadership changes in its Board of Directors. Christine J. Toretti, who served as board chair since 2018 and director since 1984, will resign on September 28, 2025, following her appointment as ambassador to Sweden. The board has appointed CEO Christopher J. McComish as the new chairman, combining the CEO and chair roles. Additionally, Jeffrey D. Grube, a board member since 1997, has been named lead independent director.
Grube currently serves as chair of the credit risk committee and is a member of multiple other committees. The lead independent director will act as a liaison between the CEO and independent directors, oversee board operations and governance, and ensure effective board oversight.
S&T Bancorp (NASDAQ: STBA) ha annunciato significativi cambiamenti nel management del Consiglio di Amministrazione. Christine J. Toretti, che ha ricoperto la carica di presidente del consiglio dal 2018 ed è stata direttrice dal 1984, si dimetterà il 28 settembre 2025, dopo essere stata nominata ambasciatrice in Svezia. Il consiglio ha nominato il CEO Christopher J. McComish come nuovo presidente, combinando le funzioni di CEO e presidente. Inoltre, Jeffrey D. Grube, direttrice dal 1997, è stato nominato lead independent director.
Grube attualmente presiede la commissione di rischio di credito ed è membro di numerosi altri comitati. Il lead independent director agirà da collegamento tra il CEO e i direttori indipendenti, supervisionerà l’andamento del consiglio e la governance, e garantirà un’efficace supervisione del consiglio.
S&T Bancorp (NASDAQ: STBA) anunció cambios significativos en su Junta Directiva. Christine J. Toretti, quien ha sido presidenta de la junta desde 2018 y directora desde 1984, presentará su renuncia el 28 de septiembre de 2025, tras ser designada embajadora en Suecia. La junta ha nombrado al CEO Christopher J. McComish como nuevo presidente, fusionando las funciones de CEO y presidente. Además, Jeffrey D. Grube, miembro de la junta desde 1997, ha sido nombrado director líder independiente.
Grube actualmente preside la comisión de riesgo crediticio y es miembro de varios otros comités. El director líder independiente actuará como enlace entre el CEO y los directores independientes, supervisará el funcionamiento y la gobernanza de la junta y garantizará una supervisión eficaz.
S&T Bancorp (NASDAQ: STBA)는 이사회에서 중요한 리더십 변화를 발표했다. Christine J. Toretti는 2018년부터 이사회 의장으로 재직했고 1984년부터 이사회 이사로 활동해 왔으며, 2025년 9월 28일 스웨덴 대사로 임명된 후 사임할 예정이다. 이사회는 CEO Christopher J. McComish를 새로운 의장으로 선임하여 CEO와 의장을 겸임하기로 했다. 또한 Jeffrey D. Grube는 1997년 이사회 이사로 재직 중이며, 리드 인디펜던트 디렉터로 임명되었다.
Grube는 현재 신용리스크위원회의 의장을 맡고 있으며 다른 여러 위원회에도 참여하고 있다. 리드 인디펜던트 디렉터는 CEO와 독립 이사 간의 연락 창구 역할을 하고, 이사회 운영 및 거버넌스를 감독하며 효과적인 이사회 감독을 보장한다.
S&T Bancorp (NASDAQ: STBA) a annoncé d’importants changements de leadership au sein de son conseil d’administration. Christine J. Toretti, qui était présidente du conseil depuis 2018 et administratrice depuis 1984, démissionnera le 28 septembre 2025 à la suite de sa nomination en tant qu’ambassadrice en Suède. Le conseil a nommé le PDG Christopher J. McComish comme nouveau président, fusionnant les rôles de PDG et président. De plus, Jeffrey D. Grube, administrateur depuis 1997, a été nommé administrateur principal indépendant.
Grube occupe actuellement le poste de président de la commission des risques de crédit et est membre de plusieurs autres comités. Le directeur principal indépendant agira comme liaison entre le PDG et les administrateurs indépendants, supervisera le fonctionnement et la gouvernance du conseil et garantira une supervision efficace du conseil.
S&T Bancorp (NASDAQ: STBA) hat bedeutende Führungsänderungen im Vorstand angekündigt. Christine J. Toretti, die seit 2018 Vorsitzende des Vorstands ist und seit 1984 Directorin, wird am 28. September 2025 zurücktreten, nachdem sie zur Botschafterin in Schweden ernannt wurde. Der Vorstand hat CEO Christopher J. McComish zum neuen Vorsitzenden ernannt, wodurch die Positionen CEO und Vorsitzender kombiniert werden. Zusätzlich wurde Jeffrey D. Grube, seit 1997 Vorstandsmitglied, zum Lead Independent Director ernannt.
Grube ist derzeit Vorsitzender des Kreditrisikoausschusses und Mitglied mehrerer anderer Ausschüsse. Der Lead Independent Director wird als Bindeglied zwischen dem CEO und den unabhängigen Direktoren fungieren, die Abläufe und die Governance des Vorstands überwachen und eine effektive Aufsicht des Vorstands sicherstellen.
S&T Bancorp (NASDAQ: STBA) أعلن عن تغييرات كبيرة في قيادة مجلس الإدارة. كريستين ج. تورتي، التي شغلت منصب رئيس المجلس منذ 2018 وتولت عضوية المجلس منذ 1984، ستستقيل في 28 سبتمبر 2025 بعد تعيينها سفيرة في السويد. قام المجلس بتعيين الرئيس التنفيذي كريستوفر ج. مكوميش ليكون الرئيس الجديد للمجلس، جامعاً بين منصبي الرئيس التنفيذي ورئيس المجلس. بالإضافة إلى ذلك، تم تعيين جيفري د. جروب كمدير مستقل رائد.
يرأس Grube حالياً لجنة مخاطر الائتمان وهو عضو في عدة لجان أخرى. سيقوم المدير المستقل القيادي بدور حلقة وصل بين الرئيس التنفيذي والمديرين المستقلين، بالإشراف على عمليات المجلس وحوكمته، وضمان الإشراف الفعّال على المجلس.
S&T Bancorp (NASDAQ: STBA) 宣布了其董事会的重要领导层变动。Christine J. Toretti 自2018年担任董事会主席、自1984年起担任董事，将于2025年9月28日辞职，原因是被任命为瑞典大使。董事会任命首席执行官 Christopher J. McComish为新任主席，合并CEO与董事长两职。此外，Jeffrey D. Grube自1997年起担任董事会成员，已被任命为首席独立董事。
Grube 目前担任信用风险委员会主席，并且是多个其他委员会成员。首席独立董事将作为CEO与独立董事之间的联系人，监督董事会运作与治理，确保董事会的有效监督。
- Board structure modernization with implementation of lead independent director role
- Seamless leadership transition with experienced internal candidates
- Consolidation of CEO and Chairman roles under proven leadership
- Loss of long-term board chair with over 40 years of experience
- Potential corporate governance concerns with combined CEO/Chairman role
Christopher J. McComish Elected as Chairman of the Board; Jeffrey D. Grube Appointed as Lead Independent Director
"We are indebted to Christine for her commitment to S&T during her tenure as chair of the board. On behalf of the board and the S&T Bank team, I would like to thank her for her exemplary leadership and board service for more than four decades," said Chief Executive Officer (CEO) Christopher McComish.
Following Ms. Toretti's notification, the board approved combining the roles of the CEO and chair and appointing a lead independent director as of the Effective Date. The lead independent director will serve as liaison between the CEO and the independent directors, supervise various board operations and governance, fostering an effective, engaged and independent board culture, and ensure the board fulfills its oversight responsibilities.
As a result of this leadership structure change, the board has appointed Christopher J. McComish, chief executive officer and a director since August 2021, as chair of the board. The board made this change given Mr. McComish's four years of leading the company as CEO, his solid performance and the performance of S&T. The board is confident that this experience best positions him to capitalize on a deep understanding of S&T's business to identify the most critical business issues that should be raised for consideration by the board. Additionally, the board appointed Jeffrey D. Grube as its lead independent director. Mr. Grube, board director since 1997, currently serves as chair of the credit risk committee and is also a member of audit committee, compensation and benefits committee, executive committee and risk committee. Both board appointments are effective as of September 28.
"Mr. Grube will step into the lead independent director role with ease given his ability to advise at a strategic level complimented by his deep knowledge of S&T," said McComish.
Mr. Grube, new lead independent director of the board, said, "I'm honored and enthusiastic to step into this new role and continue our board's tradition of delivering impactful leadership for all of our stakeholders." Toretti shared, "I am grateful to have had the opportunity to serve S&T and to have been part of the Bank's journey for over 40 years. I am leaving the board in great hands with Chris and Jeff at the helm, and with the board's unwavering support and guidance, the Bank is well-positioned to continue executing and delivering for its shareholders."
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SOURCE S&T Bancorp, Inc.
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