Richard C. Vaughan has been elected to the Boards of Directors of The Bank of New York Company, Inc., and its principal subsidiary, The Bank of New York. Vaughan is expected to serve on the Risk, Audit and Examining and Pension Committees.
Vaughan served as executive vice president and chief financial officer of Lincoln Financial Group from 1995 until his retirement in May 2005. He joined Lincoln in July 1990 as senior vice president and chief financial officer of Lincoln National’s Employee Benefits Division. In June 1992, he was appointed chief financial officer for the corporation. He was promoted to executive vice president in January 1995. He was previously employed with EQUICOR from September 1988 to July 1990, where he served as a vice president in charge of public offerings and insurance accounting. Prior to that, Vaughan was a partner at KPMG Peat Marwick in St. Louis, from July 1980 to September 1988.
“We are fortunate to have the benefit of Rich’s experience and insight as he joins our corporate board,” said Chairman and Chief Executive Officer Thomas A. Renyi. “He brings extensive expertise in financial management and a keen understanding of the financial services industry.”
Vaughan holds a bachelor’s degree in accounting from the University of Missouri. A Certified Public Accountant (CPA), his professional affiliations include the American Institute of Certified Public Accountants and the Pennsylvania Institute of Certified Public Accountants.
Vaughan joined the DaVita, Inc. Board of Directors in May 2005 where he chairs its audit committee. He also served on the Board of Directors of Oxford Health Plans, Inc., and was chair of Oxford’s Audit Committee when it was acquired by United Health Plans in July 2004. Other recent board and committee activities include: Chairman of the Philadelphia Museum of Art’s Corporate Executive Board 2003-2005, Chairman of the Board of the YMCA of Philadelphia and Vicinity 2003-2005, Moody’s Financial Institutions CFO Council 2003-2004 and Standard & Poor’s Insurance Ratings CFO Roundtable 2002-2005.