Astoria Financial (AF) non-Exec. Chairman Engelke, Jr. Resigns
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Astoria Financial Corporation (NYSE: AF) (the "Company"), the holding company for Astoria Federal Savings and Loan Association ("Astoria Federal"), today announced the resignation of George L. Engelke, Jr., 73, non-executive Chairman, from the Board of Directors of the Company and Astoria Federal, effective upon the close of business on June 20, 2012.
The Company also announced that Ralph F. Palleschi, presiding director, has been appointed non-executive Chairman of both organizations, effective June 21, 2012. Mr. Palleschi, an independent director of the Company and Astoria Federal since 1996, serves as chairman of the Nominating and Corporate Governance Committee, is a member of the Audit Committee, Compensation Committee and Enterprise Risk Committee and is also a member of the Loan Committee of Astoria Federal.
The Company also announced that Ralph F. Palleschi, presiding director, has been appointed non-executive Chairman of both organizations, effective June 21, 2012. Mr. Palleschi, an independent director of the Company and Astoria Federal since 1996, serves as chairman of the Nominating and Corporate Governance Committee, is a member of the Audit Committee, Compensation Committee and Enterprise Risk Committee and is also a member of the Loan Committee of Astoria Federal.
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