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Western Alliance to reshuffle management in 2018

Western Alliance Bancorp. Chairman and CEO Robert Sarver will transition to executive chairman in the first quarter of 2018.

In line with the change, the Phoenix-based company will promote President Kenneth Vecchione to CEO.

James Haught will replace Vecchione as president, while keeping his current post as COO.

And CFO Dale Gibbons will take on the additional role of vice chairman.

The appointments take effect April 1, 2018.