Webster Financial (WBS) Adds New Board Member

September 19, 2016 4:03 PM EDT

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Webster Financial Corporation (NYSE: WBS) announced that Lauren C. States has been appointed to its and Webster Bank's boards of directors effective September 19, 2016.

Ms. States, 60, is an Executive-in-Residence at Northeastern University's D'Amore-McKim School of Business. During a 36-year career at IBM, she held a variety of executive positions, the most recent being Vice President of Strategy and Transformation for IBM's Software Group. Prior to that, Ms. States was Chief Technology Officer for IBM Corporate Strategy. She was recently elected to the board of Clean Harbors, Inc., is a member of the Executive Leadership Council, and is on the Board of Trustees for International House, New York. Ms. States holds a bachelor's of science in Economics from The Wharton School of the University of Pennsylvania and completed a Fellowship with Harvard University's Advanced Leadership Initiative in 2015.

James C. Smith, Webster's chairman and CEO, said, "Lauren brings deep, relevant knowledge and experience to Webster's board from her distinguished career at IBM and other endeavors. Her insights and perspective will be valuable assets to the board's deliberations."

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