NBT Bancorp CEO John Watt, Jr. to step down, Scott Kingsley to succeed

NBT Bancorp announced that, effective May 21, John Watt, Jr. will step down as NBT’s president and CEO. Watt will continue to serve on the board of directors and be named vice chairman in May. In that capacity, he will provide strategic support for NBT’s Upstate New York Semiconductor Chip Corridor initiatives. In addition, he will continue as an advisor to the company through year end. After engaging in a 10-month process, NBT’s board of directors unanimously approved a succession plan that provides for the promotion of Scott Kingsley to succeed Watt as president and CEO of NBT. Kingsley, who is currently NBT’s CFO, will be appointed to the company’s board of directors when he assumes his new role on May 21. In addition, Annette Burns, NBT’s chief accounting officer, will be promoted and assume the role of CFO, reporting to Kingsley, effective on May 21.