Dowling to replace founding board member Richard S. LeFrak who is
stepping down
MIAMI LAKES, Fla.--(BUSINESS WIRE)--Apr. 23, 2013--
BankUnited, Inc. (NYSE: BKU) announced today that Richard S. LeFrak, who
has served on the board since the company’s inception in 2009, will not
stand for re-election at the annual meeting of stockholders on May 23,
2013. The determination was made by Mr. LeFrak who will be making a
significant time commitment to increased professional activities at the
LeFrak Organization.
BankUnited’s Chairman, President and CEO John A. Kanas said, “We are
truly appreciative of Richard’s valuable advice over the past four
years. We will miss having the benefit of his experience as well as his
presence on our board.”
The Board has nominated Michael J. Dowling for election at the May
meeting as a director of the company to fill the vacancy that will be
left by Mr. LeFrak’s departure. Mr. Dowling is currently president and
chief executive officer of the North Shore-LIJ Health System, the
largest integrated healthcare system in New York State with total
revenue of more than $7 billion and a total workforce of more than
46,000 employees.
“Michael Dowling is a proven leader and visionary in the fields of
healthcare and public service,” Kanas said. “His demonstrated ability to
understand and navigate complex issues such as the current healthcare
environment while also striving to best serve consumers’ needs will
bring valuable insight to the Board as BankUnited continues to grow.”
Mr. Dowling also served in New York State government for 12 years,
including seven years as State Director of Health, Education and Human
Services and Deputy Secretary to the Governor. He was also Commissioner
of the New York State Department of Social Services.
Mr. Dowling’s many honors include receiving the Distinguished Public
Service Award from the State University of New York’s Nelson A.
Rockefeller College of Public Affairs and Policy, the Alfred E. Smith
Award from the American Society for Public Administration, the National
Human Relations Award from the American Jewish Committee and the Ellis
Island Medal of Honor. The native of Limerick, Ireland also was honored
with the Gold Medal from the American Irish Historical Society.
About BankUnited
BankUnited, Inc. is a $12.7 billion asset bank holding company. Its
subsidiary, BankUnited, N.A., a national bank headquartered in Miami
Lakes, Florida operated 97 branches in 15 Florida counties and 2
branches in the New York metropolitan area at March 31, 2013.
Source: BankUnited, Inc.
BankUnited, Inc.
Mary Harris, 305-817-8117
Corporate
Communications
MHarris@BankUnited.com
