Astoria Financial Corporation Names Patricia M. Nazemetz To Its
Board Of Directors
LAKE SUCCESS, N.Y.,
Dec. 19, 2012 /PRNewswire/
-- Astoria Financial Corporation (NYSE: AF) (the "Company"),
the holding company for Astoria Federal Savings and Loan
Association ("Astoria Federal"), announced today that their Boards
of Directors appointed Patricia "Pat" M. Nazemetz, effective
January 23, 2013, to serve as a
director of both the Company and Astoria Federal.
Ms. Nazemetz, 62, a seasoned executive and board director, is
Founder and Principal of NAZ DEC LLC, a talent consultancy
specializing in executive succession strategies as well as the
design of effective executive transitions. Prior to this, Ms.
Nazemetz was Corporate Vice President, Human Resources at Xerox
Corporation, responsible for all HR programs and practices.
In this role she advised and counseled the CEO and senior
management on matters including: Organizational Dynamics;
Compensation and Benefits; Learning and Development; Diversity and,
Legal and Compliance initiatives. She also served as the
Chief Ethics Officer for Xerox. Ms. Nazemetz is currently a
member of the Board of Directors of WMS Industries, a NYSE listed
company, and chairs its Compensation Committee and is a member
of the Nominating & Corporate Governance Committee.
A graduate of Fordham University,
Ms. Nazemetz holds a master's degree in Philosophy and bachelor's
degree in Mathematics. Pat has been supportive of many
organizations and charities. Locally, she serves on the Board
of the Catholic Health Services of Long
Island, and chairs the Personnel and Benefits Committee and
serves as a member of the Compensation and Audit Committees.
She is also a member of the Board of Trustees of Fordham University, serving on the Nominating &
Corporate Governance Committee and the Mission and Identity
Committee. In addition, Pat has also served on the Physician
Payment Review Commission by Congressional appointment and was
inducted into the YWCA Academy of Women Achievers.
Commenting on Ms. Nazemetz's appointment, Ralph F. Palleschi, Chairman of the Board of the
Company and Astoria Federal and Monte N.
Redman, a director, President and Chief Executive Officer of
both organizations, stated, "We are extremely delighted that Pat
will be joining the Boards of both Astoria Financial Corporation
and Astoria Federal. Her extensive management background
coupled with strong community leadership will serve us well as we
execute our business plan and implement strategies to enhance
shareholder value."
Astoria Financial Corporation, with assets of $17.0 billion, is the holding company for Astoria
Federal Savings and Loan Association. Established in 1888,
Astoria Federal, with deposits in New
York totaling $10.5 billion,
is the largest thrift depository in New
York and embraces its philosophy of "Putting people
first" by providing the customers and local communities it
serves with quality financial products and services through 85
convenient banking office locations and multiple delivery channels,
including its enhanced website, www.astoriafederal.com.
Astoria Federal commands the fourth largest deposit market share in
the attractive Long Island market,
which includes Brooklyn,
Queens, Nassau, and Suffolk counties with a population exceeding
that of 38 individual states. Astoria Federal originates
residential mortgage loans through its banking and loan production
offices in New York, a broker
network in four states, primarily along the East Coast, and through
correspondent relationships covering nine states and the District
of Columbia. Astoria Federal also originates multi-family and
commercial real estate loans, primarily on rent controlled and rent
stabilized apartment buildings, located in New York City and the metropolitan area.
SOURCE Astoria Financial Corporation