People: Webster Financial Corp (WBS)

WBS on New York Consolidated

23.97USD
21 May 2013
Price Change (% chg)

$0.04 (+0.17%)
Prev Close
$23.64
Open
$23.95
Day's High
$24.09
Day's Low
$23.83
Volume
427,382
Avg. Vol
626,689
52-wk High
$24.98
52-wk Low
$18.88

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Summary

Name Age Since Current Position

James Smith

 63 2011 Chairman of the Board, Chief Executive Officer of the Company and Webster Bank

Glenn MacInnes

 51 2011 Chief Financial Officer, Executive Vice President of the Company and Webster Bank

Gerald Plush

 54 2011 President, Chief Operating Officer of the Company and Webster Bank

Jennifer Buchholz

 44 2012 Chief Human Resource Officer, Executive Vice President of the Company and Webster Bank

Nitin Mhatre

 42 2009 Executive Vice President - Consumer Finance of the Company and Webster Bank

Michelle Crecca

 43 2008 Executive Vice President, Chief Marketing Officer of the Company and Webster Bank

Daniel Bley

 44 2010 Executive Vice President, Chief Risk Officer of the Company and Webster Bank

Harriet Wolfe

 59 2003 Executive Vice President, General Counsel, Secretary of the Company and Webster Bank

Daniel FitzPatrick

 54 2012 Executive Vice President - Private Banking of the Company and Webster Bank

Joseph Savage

 60 2002 Executive Vice President; Executive Vice President - Commercial Banking of Webster Bank

Gregory Madar

 50 2011 Senior Vice President, Chief Accounting Officer of the Company and Webster Bank

John Crawford

 68 Independent Lead Director

Joel Becker

 64 1986 Independent Director

David Coulter

 65 2009 Independent Director

Robert Finkenzeller

 62 1986 Independent Director

C. Michael Jacobi

 71 1993 Independent Director

Laurence Morse

 61 2004 Independent Director

Karen Osar

 63 2006 Independent Director

Mark Pettie

 56 2009 Independent Director

Charles Shivery

 67 2009 Independent Director

Terrence Mangan

 Senior Vice President, Investor Relations
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Biographies

Name Description

James Smith

 Mr. James C. Smith serves as Chairman of the Board, Chief Executive Officer of Webster Financial Corp and Webster Bank, a subsidiary of the company. Mr. Smith served as President of Webster and Webster Bank until 2000, and again from 2008 through 2011. Mr. Smith is a member of the board of directors of the Financial Services Roundtable based in Washington D.C. He is also co-chairman of the American Bankers Council (American Bankers Association Mid-Cap Banks) and is actively engaged in the Midsize Banks Coalition of America. He served on the executive committee of the Connecticut Bankers Association until year end 2012. He is a past member of the Federal Advisory Council, which advises the deliberations of the Federal Reserve Board of Governors, and served as a member of the board of directors of the Federal Reserve Bank of Boston for a three year term ending in December 2010. He is a past member of the board of directors of the American Bankers Association and of the Federal Home Loan Bank of Boston. He is a director of Saint Mary's Health System and the Palace Theater, both of Waterbury, Connecticut, and was a director of MacDermid, Incorporated (NYSE: MRD) until its acquisition in June 2007.

Glenn MacInnes

 Mr. Glenn I. MacInnes serves as Chief Financial Officer, Executive Vice President of Webster Financial Corp and Webster Bank, a subsidiary of the company. He joined Webster in 2011. Prior to that, Mr. MacInnes was Chief Financial Officer at New Alliance Bancshares for two years and was employed for 11 years at Citigroup in a series of positions, including deputy CFO for Citibank North America and CFO of Citibank (West) FSB. Mr. MacInnes serves on the International Festival of Arts & Ideas Board.

Gerald Plush

 Mr. Gerald P. Plush serves as President, Chief Operating Officer of Webster Financial Corp and President, Chief Operating Officer and Director of Webster Bank, a subsidiary of the company. Mr. Plush joined Webster in July 2006 as Executive Vice President and Chief Financial Officer and was promoted to Senior Executive Vice President in July 2007. He was appointed Chief Risk Officer in July 2008 and served in this role until August 2010. Mr. Plush was promoted to Vice Chairman and Chief Operating Officer on January 5, 2011, and to President and elected to the board of directors of Webster Bank on December 15, 2011. Prior to joining Webster, Mr. Plush was employed at MBNA America in Wilmington, Delaware, from 1995 to 2006 in a number of senior executive positions. Mr. Plush serves as chairman of the board of directors of Junior Achievement of Southwest New England, Inc, on the board of trustees of the Connecticut Public Broadcasting Network, and on the executive committee of the Connecticut Bankers Association.

Jennifer Buchholz

 Ms. Jennifer Buchholz serves as Chief Human Resource Officer, Executive Vice President of Webster Financial Corp and Webster Bank, a subsidiary of the company. Prior to that, Ms. Buchholz was employed as a human resources consultant for companies. In 2007, she was employed by CB Richard Ellis in Los Angeles as SVP, Human Resources. From 1996 - 2007 Ms. Buchholz worked at General Electric Company where she held a series of increasingly responsible positions and she obtained the professional certification in Six Sigma Black Belt philosophies and principles.

Nitin Mhatre

 Mr. Nitin J. Mhatre serves as Executive Vice President - Consumer Finance of Webster Financial Corp and Webster Bank, a subsidiary of the company. Mr. Mhatre joined Webster in October 2008 as Executive Vice President, Consumer Lending of Webster Bank and was appointed Executive Vice President, Consumer Finance in January 2009. Prior to joining Webster and Webster Bank, Mr. Mhatre was employed at Citigroup in St. Louis, Missouri and Stamford, Connecticut in various capacities. In his most recent position, he was the Managing Director for the Home Equity Retail business for CitiMortgage based in Stamford, Connecticut. Prior to that, he was Director, Cards Cross-Sell and Portfolio Management for CitiMortgage based in St. Louis, Missouri, Marketing Director for Citibank Guam, Product management head for Mass affluent & Diners Club Cards for Citibank, India based in Chennai, India and Cards Sales Manager for Citibank India based in Mumbai, India.

Michelle Crecca

 Ms. Michelle M. Crecca serves as Executive Vice President and Chief Marketing Officer of Webster Financial Corp and Webster Bank, a subsidiary of the company. Ms. Crecca joined Webster and Webster Bank as Executive Vice President, Consumer Lending in September of 2006 and was appointed Executive Vice President and Chief Marketing Officer in June of 2008. Prior to joining Webster and Webster Bank, she was employed at Citigroup in Stamford, Connecticut in various capacities from 1999-2006. In her most recent positions, she was Managing Director, Retail Business and Vice President, Smith Barney Cross-Sell Program for Citi Home Equity, and Director of eCommerce for The Student Loan Corporation. Prior to that, she was employed at Chase Manhattan and Bankers Trust. Ms. Crecca serves on the board of directors of the American Heart Association of Fairfield County, Connecticut.

Daniel Bley

 Mr. Daniel H. Bley serves as Executive Vice President, Chief Risk Officer of Webster Financial Corp and Webster Bank, a subsidiary of the company. Mr. Bley joined Webster in August 2010. Prior to joining Webster, Mr. Bley was employed at ABN Amro and Royal Bank of Scotland (“RBS”) from 1990 to 2010. At Royal Bank of Scotland, Mr. Bley served as a managing director of the Financial Institutions Credit Group. Prior to this position, he was Group Senior Vice President, Head of Financial Institutions and Trading Credit Risk Management at ABN Amro. Mr. Bley serves on the board of directors of Junior Achievement of Western Connecticut.

Harriet Wolfe

 Ms. Harriet Munrett Wolfe serves as Executive Vice President, General Counsel and Corporate Secretary of Webster Financial Corp and Webster Bank, a subsidiary of the company. Ms. Wolfe joined Webster and Webster Bank in March 1997 as Senior Vice President and Counsel, was appointed Secretary in June 1997 and General Counsel in September 1999. In January 2003, she was appointed Executive Vice President. Prior to joining Webster and Webster Bank, she was in private practice. From November 1990 to January 1996, she was Vice President and Senior Counsel of Shawmut Bank Connecticut, N.A., in Hartford, Connecticut. Ms. Wolfe serves as a board member of the University of Connecticut Foundation, Inc., and as a member of the Foundation's Audit Committee and Real Estate Committee.

Daniel FitzPatrick

 Mr. Daniel M. FitzPatrick serves as Executive Vice President - Private Banking of Webster Financial Corp and Webster Bank., the subsidiary of the company . Prior to joining Webster, he was Regional Managing Director for the BNY Mellon Wealth Management business in Fairfield and Westchester counties. Prior to that Mr. FitzPatrick held the position of Managing Director, Goldman Sachs and CEO at The Goldman Sachs Trust Company, N.A., Managing Director at Citigroup and CEO of its Citi Trust division; and Managing Director of Samoset Capital Group LLC and Managing Director and CEO of Samoset Financial Services LLC, and was a Managing Director at J.P. Morgan. Prior to that, he practiced law as an attorney at Davis Polk & Wardwell. Mr. FitzPatrick serves as a Board Member for Greenwich Emergency Medical Services, Inc. and is a member of the Board of Governors for The Preston Mountain Club, Inc.

Joseph Savage

 Mr. Joseph J. Savage serves as Executive Vice President of Webster Financial Corp and Executive Vice President - Commercial Banking of Webster Bank, a subsidiary of the company. Prior to joining Webster, Mr. Savage was Executive Vice President of the Communications and Energy Banking Group for CoBank in Denver, Colorado from 1996 to April 2002. Mr. Savage serves as a director of the Hartford Metro Alliance, the Connecticut Technology Council and the Travelers Championship Committee.

Gregory Madar

 Mr. Gregory S. Madar serves as Senior Vice President, Chief Accounting Officer of Webster Financial Corp and Webster Bank, a subsidiary of the company. He was promoted to this position in February 2011 and previously served as Senior Vice President and Controller of Webster and Webster Bank since February 2002, and has been employed by Webster since January 3, 1995. Mr. Madar is a Certified Public Accountant and previously worked for KPMG LLP.

John Crawford

 Mr. John J. Crawford serves as an Independent Lead Director of Webster Financial Corp. He is President of Strategem LLC, a New Haven, Connecticut based company which provides consulting services to the business and not-for-profit community on business and financial strategies. Mr. Crawford served as President, Chief Executive Officer and a director of Aristotle Corporation, a New Haven, Connecticut based education training company from October 1992 through December 2002. Mr. Crawford continued to serve on the Board of Directors of Aristotle Corporation until August 31, 2005. From 1994 until December 2000, he served as President and Chief Executive Officer of the South Central Connecticut Regional Water Authority, New Haven, Connecticut. Mr. Crawford is Lead Director, Chairman of the Nominating and Corporate Governance Committee, and a member of the Audit Committee and the Executive Committee.

Joel Becker

 Mr. Joel S. Becker serves as an Independent Director of Webster Financial Corp. He is Chairman and Chief Executive Officer of Torrington Supply Co., Inc., a Waterbury, Connecticut based wholesale distributor of plumbing, heating and industrial pipe valve and fitting supplies to contractors and industry. Mr. Becker is a member of the Nominating and Corporate Governance Committee and the Risk Committee.

David Coulter

 Mr. David A. Coulter serves as an Independent Director of Webster Financial Corp. He is Vice Chairman at Warburg Pincus LLC, a global private equity firm headquartered in New York, New York. He previously held the position of Managing Director and Senior Advisor. From January 2001 to September 2005, he was Vice Chairman of JPMorgan Chase & Co. He is a director of MBIA, Inc. (NYSE:MBI), a publicly held financial guarantor insurance company headquartered in Armonk, New York, Sterling Financial Corporation (NASDAQ:STSA), headquartered in Spokane, Washington, and Strayer Education, Inc. (NASDAQ:STRA), a publicly held education services company headquartered in Arlington, Virginia. Mr. Coulter is a member of the Compensation Committee and the Risk Committee.

Robert Finkenzeller

 Mr. Robert A. Finkenzeller serves as an Independent Director of Webster Financial Corp. He is President of Eyelet Crafters, Inc., a Waterbury, Connecticut based company that manufactures deep drawn metal parts for the cosmetics, writing instrument and drapery hardware fields. Mr. Finkenzeller has held this position since 1990. Mr. Finkenzeller is a member of the Audit Committee and the Nominating and Corporate Governance Committee.

C. Michael Jacobi

 Mr. C. Michael Jacobi serves as an Independent Director of Webster Financial Corp. He is President of Stable House 1, LLC, a Middlebury, Connecticut based company engaged in real estate development. Mr. Jacobi served from June 2001 to May 2005 as President, Chief Executive Officer and a director of Katy Industries, Inc., a publicly held company headquartered in Middlebury, Connecticut engaged in the design, manufacture and distribution of maintenance and electrical products. Mr. Jacobi is a certified public accountant. He is a director of Corrections Corporation of America (NYSE:CXW), a publicly held company headquartered in Nashville, Tennessee engaged in the ownership and management of prisons for federal, state and local governments, a director and chairman of the board of Sturm Ruger & Co., Inc. (NYSE:RGR), a publicly held company headquartered in Southport, Connecticut engaged in manufacturing and distribution of consumer products, and a director of Kohlberg Capital Corporation (NASDAQ:KCAP), a publicly held company headquartered in New York, New York specializing in equity and debt investments in middle market companies. Mr. Jacobi is a member of the Compensation Committee and the Risk Committee.

Laurence Morse

 Mr. Laurence C. Morse serves as an Independent Director of Webster Financial Corp. He is the co-founder and Chief Executive Officer of Fairview Capital Partners, Inc. in West Hartford, Connecticut, an investment management firm established in 1994 that oversees venture capital funds, some of which invest capital in venture capital partnerships and similar investment vehicles that provide capital primarily to minority-controlled companies. Mr. Morse is a director of the Institute of International Education, and is a former director of Princeton University Investment Company and a former director and chairman of the National Association of Investment Companies, a private, not-for-profit trade association that represents 52 private equity and specialty finance investment firms. Mr. Morse is Chairman of the Risk Committee, and is a member of the Audit Committee and the Executive Committee.

Karen Osar

 Ms. Karen Rohn Osar serves as an Independent Director of Webster Financial Corp. She was Executive Vice President and Chief Financial Officer of Chemtura Corporation (NYSE:CHMT), a specialty chemicals company headquartered in Middlebury, Connecticut from 2004 until her retirement in March 2007. From 1999 to April 2003, Ms. Osar served as Senior Vice President and Chief Financial Officer of Westvaco Corporation and Mead Westvaco Corporation. She is a director and audit committee chair of Innophos Holdings, Inc. (NASDAQ:IPHS), a publicly held specialty chemicals company headquartered in Cranbury, New Jersey, a director and audit committee member of Sappi Limited (NYSE:SPP), a publicly held company engaged in the production of coated paper and chemical cellulose, headquartered in Johannesburg, South Africa, and from 1999 through 2006 she served as a director and audit and finance committee chair of Allergan, Inc., a publicly held multi-specialty health care company focused on developing and commercializing pharmaceuticals. Ms. Osar is Chair of the Audit Committee and a member of the Executive Committee and the Risk Committee.

Mark Pettie

 Mr. Mark Pettie serves as an Independent Director of Webster Financial Corp. He was Chairman and Chief Executive Officer of Prestige Brands Holdings, Inc. (NYSE:PBH), a publicly held company headquartered in Irvington, New York which develops, sells, distributes and markets over-the-counter drugs, household cleaning products and personal care items, from January 2007 until September 2009. Mr. Pettie was President of the Dairy Foods Group with ConAgra from 2005 to 2006. From 1981 to 2004, Mr. Pettie held various positions of increasing responsibility in marketing and finance at Kraft Foods and was named Executive Vice President and General Manager of Kraft Food’s Coffee Division in 2002. He is a member of the Audit Committee and the Compensation Committee.

Charles Shivery

 Mr. Charles W. Shivery serves as an Independent Director of Webster Financial Corp. He is Chairman, President and Chief Executive Officer of Northeast Utilities (NYSE: NU). He joined Northeast Utilities in 2002 and assumed his current position at Northeast Utilities on March 29, 2004 after holding previous posts with the company including interim president, president-Competitive Group of Northeast Utilities, and president and chief executive officer of NU Enterprises, Inc., the unregulated subsidiary of the Northeast Utilities system. Prior to that, he was co-president of the Constellation Energy Group, the parent company of Baltimore Gas & Electric and other energy related businesses. He is Chairman of the Compensation Committee and a member of the Executive Committee.

Terrence Mangan

Insider Trading

Name Shares Traded Price

SMITH JAMES COPENHAVER

 7,500 $23.25

WARBURG PINCUS PRIVATE EQUITY X L P

 8,744,850 $22.50

COULTER DAVID A

 8,744,850 $22.50

MHATRE NITIN J

 8,000 $22.58

CRAWFORD JOHN JOSEPH

 1,912 $23.23

FINKENZELLER ROBERT A

 2,000 $23.31

CRAWFORD JOHN JOSEPH

 2,711 $22.89

PETTIE MARK

 2,631 $0.00

COULTER DAVID A

 2,631 $0.00

CRAWFORD JOHN JOSEPH

 2,631 $0.00

MORSE LAURENCE C

 2,631 $0.00

FINKENZELLER ROBERT A

 2,631 $0.00

OSAR KAREN R

 2,631 $0.00

JACOBI CHARLES MICHAEL

 2,631 $0.00

BECKER JOEL S

 2,631 $0.00

SHIVERY CHARLES W

 2,631 $0.00

SAVAGE JOSEPH J

 4,500 $22.79

CRECCA MICHELLE M

 700 $22.64

CRECCA MICHELLE M

 1,417 $22.63

COULTER DAVID A

 8,625,000 $11.50

WARBURG PINCUS PRIVATE EQUITY X L P

 4,060,070 $24.43

WARBURG PINCUS PRIVATE EQUITY X L P

 8,625,000 $11.50

COULTER DAVID A

 4,060,070 $24.43

SMITH JAMES COPENHAVER

 7,500 $22.95

ECCLES COLIN D

 4,610 $0.00
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