Webster Financial CFO MacInnes to retire

Webster Financial Corporation announced that after 13 years with the company, Glenn MacInnes intends to retire from his role as Executive Vice President and Chief Financial Officer. MacInnes will continue to serve as the company’s CFO until a successor is appointed by Webster’s Board of Directors 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.”