NFI Industries CEO Steps Down From Sun National Bank Board
NFI Industries CEO Sidney Brown will be stepping down as the chairman of the board at Sun National Bank, effective Dec. 31..
Brown was the board chairman at the national bank since May 2013 and served as interim CEO in 2013-2014.
“The demands on my time as CEO of NFI Industries Inc. continue to increase as this family business expands both globally and logistically,” Brown said. “Consequently, the timing is right for me to take a less active role in the boardroom.”
NFI, based in Cherry Hill, New Jersey, brings in more than $1 billion in revenue per year, has about 8,000 employees and ranks No. 27 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
“It is certainly understandable that he wishes to step back somewhat from the company and focus on his significant responsibilities at NFI," Sun National CEO Thomas O’Brien said. "He has consistently been an advocate for change, and his support for our major restructuring was important to its success.”
Sun National Bank is headquartered near NFI and has more than 30 community banks in New Jersey and an office in Manhattan.
