LOS ANGELES, Dec. 20, 2012 (GLOBE NEWSWIRE) -- CapitalSource Inc. (NYSE:CSE) today announced that its Founder, John K. Delaney, has resigned as Chairman and a member of the Company's Board of Directors and as a member of the CapitalSource Bank Board of Directors, effective immediately, as he completes preparations to join the 113 th Congress as a Member of the U.S. House of Representatives. Long-time Board member and Presiding Independent Director William G. Byrnes has been elected to succeed Delaney as Chairman. The Board recognized Mr. Delaney's contributions to the Company since its founding in 2000 with the honorary title of Chairman Emeritus. He will take office on January 3, 2013, representing the 6th Congressional District in Maryland.
Congressmen-Elect John K. Delaney Steps Down As CapitalSource Board Chairman
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