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Corus CFO resigns

Tuesday, Oct 07, 2008
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Corus Bankshares Inc. said Monday afternoon that Chief Financial Officer Tim Taylor has resigned, and his duties at the Chicago bank holding company will be divided between two senior officers. Corus didn't provide a reason for the CFO's exit after a 12-year stint, beyond a statement by Chief Executive Officer Robert Glickman that Taylor "has his own personal reasons to leave Corus." Taylor's responsibilities at Corus were broader than those of most CFOs, the company said, and as a result his responsibilities have been allocated between two positions. Senior Accounting Officer Michael Dulberg has been named chief financial officer and executive vice president, the company said. He will fill what the company said is the standard CFO role. In addition, Corus named Rick Koretz, currently its senior vice president of finance, to the newly created post of Chief Operating Officer and executive vice president. The 43-year-old Dulberg, a University of Chicago MBA, has been chief accounting officer at Corus for the past nine years, and served previously with Kraft Foods in finance and audit roles. ---by chicago tribune.com

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