Finance

Western Alliance CEO to Take Leave of Absence for Bypass Surgery

Western Alliance signage on the floor of the NYSEPhotographer: Michael Nagle/Bloomberg
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Western Alliance Bancorp Chief Executive Officer Ken Vecchione said he’ll take a leave of absence starting Monday to undergo bypass surgery.

Chief Financial Officer Dale Gibbons will serve as interim CEO, Vecchione said in a letterBloomberg Terminal to shareholders Wednesday. Chief Banking Officers Tim Bruckner and Steve Curley, along with Gibbons, will form an executive committee to lead the company until the CEO returns, which is expected late in the first quarter.