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Form 8-K · Current Report · Filed 2024-07-15

Webster Financial Appoints New CFO and Board Member

On July 15, 2024, Webster Financial Corporation announced the appointment of William (Neal) Holland as its new Executive Vice President, Finance, and Chief Financial Officer, effective following Glenn MacInnes' retirement in August 2024.

Filer
Webster Financial Corporation WBS · NYSE
Filed
Accession
0001193125-24-178861
CIK
0000801337
Signal
High impactFinancial Services

Details

The company also elected William (Bill) Haas to its Board of Directors. Holland, with over 20 years of financial experience, previously served as CFO for First Republic Bank. Haas, with a distinguished career at the Office of the Comptroller of the Currency, will contribute his regulatory and risk management expertise to the Board.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New CEO Appointed Key Executive Appointment
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$46.73

Next session

+6.1%

Since filing

+65.2%

Latest close

$77.22

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from WBS reporting the same item, with the next session's move:

Exhibits (3)

About Webster Financial Corporation

Webster Financial Corporation operates as a cornerstone in the financial services sector. As a regional bank holding company, it primarily caters to consumer and commercial banking services. With its subsidiary Webster Bank, the corporation delivers a comprehensive range of financial products and services including consumer and commercial banking, mortgage lending, and asset management. Positioned strongly in the Northeastern United States, Webster Financial is pivotal in fostering local economic growth by providing critical banking services to individuals, small businesses, and corporations in the region. Its role extends beyond traditional banking by also offering customized financial solutions designed to meet the unique needs of diverse customer segments. In the financial market, Webster Financial Corporation holds significance due to its robust community ties and its contributions to regional economic stability, making it a vital player among mid-sized U.S. banks.

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