Dennis J. Kuester to Retire as Chief Executive Officer of Marshall & Ilsley Corporation in April 2007
22 December 2006 - 8:33AM
PR Newswire (US)
Mark F. Furlong to Succeed Kuester; Kuester Will Continue as
Chairman of the Board MILWAUKEE, Dec. 21 /PRNewswire-FirstCall/ --
Marshall & Ilsley Corporation (NYSE:MI) (M&I) today
announced that Dennis J. Kuester, 64, will retire as chief
executive officer at the Corporation's Annual Meeting of
Shareholders in April 2007 and will be succeeded by Mark F.
Furlong, 49, the Corporation's president. Kuester will continue to
serve as chairman of the board. The transition announced today is
part of the Corporation's succession plan for senior executives.
(Photos: http://www.newscom.com/cgi-bin/prnh/20061221/CGTH027-a
http://www.newscom.com/cgi-bin/prnh/20061221/CGTH027-b ) "I have
had the honor of working with outstanding associates at M&I for
over 30 years," said Kuester, "and as I make this transition, I do
so with a great deal of confidence in our strong management team.
Their expertise and experience will enable M&I to maintain its
reputation as a top-tier financial services provider." Kuester
continued, "I am very fortunate that this new phase of my life will
enable me to spend more time with my family and a number of outside
activities that have been important to me." Kuester joined Marshall
& Ilsley Corporation in 1976 as vice president of M&I Data
Services (now Metavante Corporation). He became president of
M&I Data Services in 1985, and chairman and chief executive
officer in 1993. In 1987, he was elected president of Marshall
& Ilsley Corporation; chief executive officer in 2002; and
chairman in 2005. Mark Furlong joined M&I in 2001 as chief
financial officer. He became president of M&I Marshall &
Ilsley Bank in 2004, and president of Marshall & Ilsley
Corporation in 2005. Prior to joining M&I, Furlong's experience
in the financial services industry included serving as executive
vice president and chief financial officer for Old Kent Financial
Corp, as first vice president, Corporate Development/Commercial
Banking, for H.F. Ahmanson & Co., and as an audit partner at
Deloitte & Touche. Marshall & Ilsley Corporation (NYSE:MI)
is a diversified financial services corporation headquartered in
Milwaukee, Wis., with $55.5 billion in assets. Founded in 1847,
M&I Marshall & Ilsley Bank is the largest Wisconsin- based
bank. M&I Bank has 195 offices throughout the state. In
addition, M&I has 45 locations throughout Arizona; 17 offices
in Kansas City and nearby communities; 17 offices on Florida's west
coast; 17 offices in metropolitan Minneapolis/St. Paul, and one in
Duluth, Minn.; three offices in Tulsa, Okla.; and one office in Las
Vegas, Nev. M&I's Southwest Bank subsidiary has 15 offices in
the greater St. Louis area. Metavante Corporation, a wholly owned
subsidiary, provides a full array of technology products and
services for the financial services industry. M&I also provides
trust and investment management, equipment leasing, mortgage
banking, asset-based lending, financial planning, investments, and
insurance services from offices throughout the country and on the
Internet ( http://www.mibank.com/ or http://www.micorp.com/ ).
M&I's customer-based approach, internal growth, and strategic
acquisitions have made M&I a nationally recognized leader in
the financial services industry.
http://www.newscom.com/cgi-bin/prnh/20061221/CGTH027-a
http://www.newscom.com/cgi-bin/prnh/20061221/CGTH027-b
http://photoarchive.ap.org/ DATASOURCE: Marshall & Ilsley
Corporation CONTACT: Patty Cadorin, Corporate Communications
Director, Marshall & Ilsley Corporation, +1-414 765-7814 Web
site: http://www.micorp.com/ http://www.mibank.com/
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