BNY Mellon appoints Dermot McDonogh as CFO effective Feb 1, 2023; Portney to lead new business unit

Bank of New York Mellon Corp

Dermot McDonogh appointed CFO, effective Feb 1, 2023; joins BNY Mellon on Nov 1, 2022 from Goldman Sachs.
McDonogh receives $600K base salary, minimum 2022 incentive award of $5M (30% cash, 30% RSUs, 40% PSUs).
Buyout awards up to $16.5M in cash and RSUs; RSUs vest over six years starting Feb 2024.
CFO Emily Portney will transition to lead Treasury Services, Credit Services, and Clearance & Collateral Management from Feb 1, 2023.
McDonogh brings 25+ years at Goldman Sachs, most recently as COO for EMEA and CEO of Goldman Sachs International Bank.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Dermot McDonogh

Chief Financial Officer

BK · Bank of New York Mellon Corp

Effective: 2023-02-01
Filed: July 6, 2022, 7:59 PM ET

On July 6, 2022, The Bank of New York Mellon Corporation (the “Company”) announced that the Board of Directors (the “Board”) on July 1, 2022 appointed Dermot McDonogh to the position of Chief Financial Officer (“CFO”), effective February 1, 2023.

Role change

Emily Portney

Chief Financial Officer

BK · Bank of New York Mellon Corp

Effective: 2023-02-01
Successor: Dermot McDonogh
Filed: July 6, 2022, 7:59 PM ET

Ms. Portney will continue serving as CFO through January 31, 2023, at which time she will assume a new position leading the Company’s Treasury Services, Credit Services and Clearance & Collateral Management businesses.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dermot McDonogh was appointed as Chief Financial Officer at Bank of New York Mellon Corp.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On July 6, 2022, The Bank of New York Mellon Corporation (the “Company”) announced that the Board of Directors (the “Board”) on July 1, 2022 appointed Dermot McDonogh to the position of Chief Financial Officer (“CFO”), effective February 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Emily Portney changed role as Chief Financial Officer at Bank of New York Mellon Corp.

Action: assume
Role: Chief Financial Officer

Exact text from the filing

Ms. Portney will continue serving as CFO through January 31, 2023, at which time she will assume a new position leading the Company’s Treasury Services, Credit Services and Clearance & Collateral Management businesses.

View on SEC.gov

Bank of New York Mellon Corp filing history →

Source: SEC EDGAR

accession 0001193125-22-188260

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