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Webster Financial (WBS) Reports Election of CEO John R. Ciulla as Board Chair

January 23, 2020 7:34 AM EST

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced today that James C. Smith, non-executive Chairman, has informed the Company that he will retire from the Board of Directors at the Company's 2020 Annual Meeting of Shareholders. Webster's Board has elected Director, President and Chief Executive Officer (CEO) John R. Ciulla to succeed Smith as Chairman.

Smith, 71, joined Webster in 1975 and became President in 1982. He was promoted to CEO in 1987 upon the retirement of Webster's founder (and Smith's father) Harold Webster Smith. Smith became Chairman and CEO in... More