A big shakeup has taken place at First Niagara Financial Group with the announcement that President and CEO John Koelmel has stepped down.
Women and Children's Hospital is not only building a new home, it's also getting a new name.
When the facility opens in 2015 at Main and High Streets downtown, it will be called The John R. Oishei Children's Hospital.
The Oishei Foundation has made a $10 million donation, the largest single gift in the foundation's history, to name the facility in honor of the Buffalo industrialist and philanthropist.
Kaleida Health Board Chair John Koelmel thanked the Oishei Foundation for its "tremendous generosity, passion and courage" and "for being a real difference maker."
The president of First Niagara Financial Group has been officially named to chair the New York Power Authority.
NYPA trustees Tuesday morning approved John Koelmel of Amherst to serve as the new chairman.
Governor Andrew Cuomo nominated Koelmel last month. Koelmel is also serving as an adviser to the Governor on economic issues from Western New York.
According to the Buffalo News, Koelmel will not take compensation for the post.
The president and chief executive officer of First Niagara Financial Group, John Koelmel, is being nominated to become the chairman of the New York Power Authority.
The Buffalo News is reporting that Governor Andrew Cuomo will submit Koelmel’s name to the board of trustees Tuesday.
In addition to the Niagara Power Project, NYPA oversees about 1,400 miles of electric distribution lines and is investigating solar and wind energy as alternative power sources.