Bank of New York Mellon Corp. said late Wednesday that Robert P. Kelly had resigned as chairman and chief executive due to differences with the board "in approach to managing the company."
Gerald Hassell, BNY Mellon's president, succeeded Kelly. A company press release did not elaborate on his differences with the board.
Kelly, now 57, joined Mellon Financial Corp. in Pittsburgh as chairman and CEO in 2006 from Wachovia Corp., where he was the chief financial officer. He remained CEO after Mellon merged with Bank of New York in 2007 and added the chairman title the following year.
A few years ago Kelly was considered to succeed Ken Lewis as the CEO of Bank of America Corp., a job that ultimately went to BofA insider Brian Moynihan.