Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced that after 13 years with the Company,
Glenn MacInnes intends to retire from his role as Executive Vice President and Chief Financial Officer (“CFO”). Mr. MacInnes will continue to serve as the Company’s CFO until a successor is
appointed by Webster’s Board of Directors (“Board”) and will then serve in an advisory role to ensure a smooth transition.
“Glenn’s contributions as CFO have helped transform Webster into one of the best-performing regional banks in the nation. During his tenure, Glenn spearheaded several initiatives aimed at improving
profitability and operational efficiency. As a result, today Webster is on strong financial footing and is well-positioned for long-term value creation as we continue helping clients achieve their
goals,” said John Ciulla, Chairman and Chief Executive Officer of Webster Financial Corporation. “We have initiated a robust search process, looking at both external and internal candidates, to
find Glenn’s successor.”