Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On April 5, 2023, Webster Financial Corporation ("Webster" or the "Company"),
announced that two members of the Webster Bank, National Association (the
"Bank") executive management team have been promoted, in each case effective
April 5, 2023.
Luis Massiani has been promoted to Senior Executive Vice President and appointed
President of the Bank and continues in his role as Chief Operating Officer.
Chris Motl, the Bank's President of Commercial Banking, has also been promoted
to Senior Executive Vice President of the Bank. Mr. Motl will continue to lead
all of Webster Bank's Commercial Bank's verticals including Commercial Real
Estate, Commercial & Industrial, Sponsor & Specialty and Equipment Finance,
Asset Based Lending, Treasury Management, Business and Middle Market and Private
Banking groups.
On April 5, 2023, Company issued a press release announcing the promotions of
Mr. Massiani and Mr. Motl, a copy of which is attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit
Number Description
99.1 Press Release, dated April 5, 2023.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses