BankUnited Nominates Michael J. Dowling for Election to Its Board of
Dowling to replace founding board member Richard S. LeFrak who is stepping
MIAMI LAKES, Fla. -- April 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
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
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.
Mary Harris, 305-817-8117
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