CNB Financial CEO Bower to Retire; Peduzzi Named as Successor

CNB Financial Corp. said its President and Chief Executive Joseph Bower would retire at the end of the year, and he would be succeeded by the chief operating officer of CNB Bank, Michael Peduzzi.

Mr. Bower has served as CEO since Dec. 31, 2009, the company said.

"Joe brought a lot of talent and drive to CNB. His initiatives carried us into many new markets. I thank him for his efforts on behalf of the board and our shareholders," CNB Financial Chairman Peter Smith said.