Hassell added, "It has been a privilege to lead BNY Mellon over the past six years.

The Board and I want to thank Gerald for his career-long dedication to BNY Mellon and congratulate him on his numerous achievements. Prior to the merger, Mr. Hassell served as President of The Bank of New York from 1998 to 2007. NEW YORK, July 17, 2017 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) announced today that Charles W. Scharf, 52, has been appointed Chief Executive Officer and a Director of the company, effective immediately, and will become Chairman of the Board of Directors effective January 1, 2018. Earlier in his career, he was at Bank One Corp. as Chief Financial Officer and Chief Executive Officer of the retail division, and previously at Citigroup and its predecessor companies, serving as Chief Financial Officer of the Global Corporate and Investment Bank immediately prior to joining Bank One. Scharf also served as CFO of Bank One Corp. from 2000 to 2002, CFO of the Global Corporate and Investment Bank division at Citigroup from 1999 to 2000, and CFO of Salomon Smith Barney and its predecessor company from 1995 to 1999. Bank of America 3.

Before joining Visa, Mr. Scharf served as Managing Director of One Equity Partners, JPMorgan Chase & Co.'s private investment arm, and previously served as the Chief Executive Officer of Retail Financial Services, one of JPMorgan Chase's six lines of business. Gerald L. Hassell, Chairman of BNY Mellon's Board of Directors, said, "Today's announcement is the culmination of the Board of Directors' robust and long-term succession planning process. Gerald L. Hassell, 65, will continue to serve as Chairman of the Board through December 31, 2017, working closely with Mr. Scharf to ensure a seamless transition of responsibilities. We will continue to put our clients first, remain a strong and trusted partner, and continue on our journey of defining ourselves as the premier technology platform our clients turn to for our capabilities, advice and leadership. Mr. Scharf currently serves on the Board of Directors of Microsoft.He holds a Bachelor of Arts degree from Johns Hopkins University and an MBA degree from New York University. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). "Commenting on Mr. Hassell's planned retirement at year-end, Joseph J. Echevarria, Lead Independent Director of BNY Mellon's Board of Directors, said, "The Board has selected a successor who can build on the tremendous progress Gerald Hassell has made as Chairman and CEO in transforming BNY Mellon into a market-leading financial services firm. "Mr. Scharf continued, "I have long admired BNY Mellon and believe there is great opportunity to build on the momentum Gerald and the team have created. Previously, he served as Chief Executive Officer of Retail Financial Services, one of JP Morgan Chase's six lines of business, from 2004 to 2011, and as Chief Executive Officer of the retail division of Bank One Corp. from 2002 to 2004. He was also a director of Visa and its predecessor, Visa U.S.A., from 2003 to 2011. Scharf completed his Executive MBA from Stern in 1991, which he said helped put his work experience into perspective: "In my experience, good business is all about stepping back, asking questions, and accumulating the expertise to make the best decisions, whether those are business decisions or people decisions. "At age 48, Scharf took over as Visa's CEO in November 2012, succeeding Joseph Saunders. I am especially honored to follow Gerald as I have great respect for him as a person and as a leader. He was previously the CEO of Visa Inc. and BNY Mellon, and has been an independent director on the Microsoft board of directors since 2014. Additional information is available on From October 2012 to December 2016, Mr. Scharf was CEO and a director of Visa Inc., the leading global payments technology company and was recognized for transforming the firm into a technology-driven digital commerce company.

Hassell added, "It has been a privilege to lead BNY Mellon over the past six years.

The Board and I want to thank Gerald for his career-long dedication to BNY Mellon and congratulate him on his numerous achievements. Prior to the merger, Mr. Hassell served as President of The Bank of New York from 1998 to 2007. NEW YORK, July 17, 2017 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) announced today that Charles W. Scharf, 52, has been appointed Chief Executive Officer and a Director of the company, effective immediately, and will become Chairman of the Board of Directors effective January 1, 2018. Earlier in his career, he was at Bank One Corp. as Chief Financial Officer and Chief Executive Officer of the retail division, and previously at Citigroup and its predecessor companies, serving as Chief Financial Officer of the Global Corporate and Investment Bank immediately prior to joining Bank One. Scharf also served as CFO of Bank One Corp. from 2000 to 2002, CFO of the Global Corporate and Investment Bank division at Citigroup from 1999 to 2000, and CFO of Salomon Smith Barney and its predecessor company from 1995 to 1999. Bank of America 3.

Before joining Visa, Mr. Scharf served as Managing Director of One Equity Partners, JPMorgan Chase & Co.'s private investment arm, and previously served as the Chief Executive Officer of Retail Financial Services, one of JPMorgan Chase's six lines of business. Gerald L. Hassell, Chairman of BNY Mellon's Board of Directors, said, "Today's announcement is the culmination of the Board of Directors' robust and long-term succession planning process. Gerald L. Hassell, 65, will continue to serve as Chairman of the Board through December 31, 2017, working closely with Mr. Scharf to ensure a seamless transition of responsibilities. We will continue to put our clients first, remain a strong and trusted partner, and continue on our journey of defining ourselves as the premier technology platform our clients turn to for our capabilities, advice and leadership. Mr. Scharf currently serves on the Board of Directors of Microsoft.He holds a Bachelor of Arts degree from Johns Hopkins University and an MBA degree from New York University. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). "Commenting on Mr. Hassell's planned retirement at year-end, Joseph J. Echevarria, Lead Independent Director of BNY Mellon's Board of Directors, said, "The Board has selected a successor who can build on the tremendous progress Gerald Hassell has made as Chairman and CEO in transforming BNY Mellon into a market-leading financial services firm. "Mr. Scharf continued, "I have long admired BNY Mellon and believe there is great opportunity to build on the momentum Gerald and the team have created. Previously, he served as Chief Executive Officer of Retail Financial Services, one of JP Morgan Chase's six lines of business, from 2004 to 2011, and as Chief Executive Officer of the retail division of Bank One Corp. from 2002 to 2004. He was also a director of Visa and its predecessor, Visa U.S.A., from 2003 to 2011. Scharf completed his Executive MBA from Stern in 1991, which he said helped put his work experience into perspective: "In my experience, good business is all about stepping back, asking questions, and accumulating the expertise to make the best decisions, whether those are business decisions or people decisions. "At age 48, Scharf took over as Visa's CEO in November 2012, succeeding Joseph Saunders. I am especially honored to follow Gerald as I have great respect for him as a person and as a leader. He was previously the CEO of Visa Inc. and BNY Mellon, and has been an independent director on the Microsoft board of directors since 2014. Additional information is available on From October 2012 to December 2016, Mr. Scharf was CEO and a director of Visa Inc., the leading global payments technology company and was recognized for transforming the firm into a technology-driven digital commerce company.

Hassell added, "It has been a privilege to lead BNY Mellon over the past six years.

The Board and I want to thank Gerald for his career-long dedication to BNY Mellon and congratulate him on his numerous achievements. Prior to the merger, Mr. Hassell served as President of The Bank of New York from 1998 to 2007. NEW YORK, July 17, 2017 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) announced today that Charles W. Scharf, 52, has been appointed Chief Executive Officer and a Director of the company, effective immediately, and will become Chairman of the Board of Directors effective January 1, 2018. Earlier in his career, he was at Bank One Corp. as Chief Financial Officer and Chief Executive Officer of the retail division, and previously at Citigroup and its predecessor companies, serving as Chief Financial Officer of the Global Corporate and Investment Bank immediately prior to joining Bank One. Scharf also served as CFO of Bank One Corp. from 2000 to 2002, CFO of the Global Corporate and Investment Bank division at Citigroup from 1999 to 2000, and CFO of Salomon Smith Barney and its predecessor company from 1995 to 1999. Bank of America 3.

Before joining Visa, Mr. Scharf served as Managing Director of One Equity Partners, JPMorgan Chase & Co.'s private investment arm, and previously served as the Chief Executive Officer of Retail Financial Services, one of JPMorgan Chase's six lines of business. Gerald L. Hassell, Chairman of BNY Mellon's Board of Directors, said, "Today's announcement is the culmination of the Board of Directors' robust and long-term succession planning process. Gerald L. Hassell, 65, will continue to serve as Chairman of the Board through December 31, 2017, working closely with Mr. Scharf to ensure a seamless transition of responsibilities. We will continue to put our clients first, remain a strong and trusted partner, and continue on our journey of defining ourselves as the premier technology platform our clients turn to for our capabilities, advice and leadership. Mr. Scharf currently serves on the Board of Directors of Microsoft.He holds a Bachelor of Arts degree from Johns Hopkins University and an MBA degree from New York University. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). "Commenting on Mr. Hassell's planned retirement at year-end, Joseph J. Echevarria, Lead Independent Director of BNY Mellon's Board of Directors, said, "The Board has selected a successor who can build on the tremendous progress Gerald Hassell has made as Chairman and CEO in transforming BNY Mellon into a market-leading financial services firm. "Mr. Scharf continued, "I have long admired BNY Mellon and believe there is great opportunity to build on the momentum Gerald and the team have created. Previously, he served as Chief Executive Officer of Retail Financial Services, one of JP Morgan Chase's six lines of business, from 2004 to 2011, and as Chief Executive Officer of the retail division of Bank One Corp. from 2002 to 2004. He was also a director of Visa and its predecessor, Visa U.S.A., from 2003 to 2011. Scharf completed his Executive MBA from Stern in 1991, which he said helped put his work experience into perspective: "In my experience, good business is all about stepping back, asking questions, and accumulating the expertise to make the best decisions, whether those are business decisions or people decisions. "At age 48, Scharf took over as Visa's CEO in November 2012, succeeding Joseph Saunders. I am especially honored to follow Gerald as I have great respect for him as a person and as a leader. He was previously the CEO of Visa Inc. and BNY Mellon, and has been an independent director on the Microsoft board of directors since 2014. Additional information is available on From October 2012 to December 2016, Mr. Scharf was CEO and a director of Visa Inc., the leading global payments technology company and was recognized for transforming the firm into a technology-driven digital commerce company.

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