Webster Financial Corporation In Search of a New CFO as Glenn MacInnes Retires

Webster Financial Corporation (NYSE: WBS) has announced the retirement of Glenn MacInnes from his role as Executive Vice President and Chief Financial Officer after 13 years with the company. Mr. MacInnes will continue to serve as CFO until a successor is appointed by Webster’s Board of Directors, after which he will transition to an advisory role to facilitate a seamless handover.

Webster has initiated a thorough search process to identify MacInnes’ successor, considering both external candidates and internal talent. Spencer Stuart, a renowned executive search firm, has been engaged to support the search efforts, ensuring the selection of a qualified and capable individual to lead Webster’s financial operations.

MacInnes reflected on his tenure at Webster, highlighting the company’s transformation and evolution into a leading commercial bank with a focus on digital innovation and client-centric services. He expresses pride in the accomplishments achieved alongside his colleagues and looks forward to witnessing Webster’s continued success as it executes its strategic initiatives.

Richard O’Toole, Lead Independent Director and Chair of the Nominating and Corporate Governance Committee, expressed gratitude to MacInnes for his dedicated service and wishes him well in his retirement. The Board acknowledges MacInnes’ commitment to ensuring a smooth transition during the CFO succession process.

John Ciulla, Chairman and CEO of Webster Financial Corporation, acknowledged MacInnes’ significant contributions to the company’s success, crediting him with driving initiatives that have enhanced profitability and operational efficiency. Under MacInnes’ leadership, Webster has emerged as one of the top-performing regional banks in the nation, positioning itself for sustainable long-term growth and value creation.

Webster Financial Corporation is a values-driven organization headquartered in Stamford, CT, with more than $70 billion in assets. Through its subsidiary Webster Bank, N.A., and HSA Bank division, Webster offers a comprehensive range of financial solutions, including commercial banking, consumer banking, and employee benefits solutions.

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