People: Webster Financial Corporation (WBS)

WBS on New York Consolidated

14.88USD
9 Feb 2010
Price Change (% chg)

$0.20 (+1.36%)
Prev Close
$14.88
Open
--
Day's High
$15.10
Day's Low
$14.27
Volume
612,767
Avg. Vol
1,235,905
52-wk High
$16.60
52-wk Low
$2.85

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Summary

Name Age Since Current Position
Smith, James 59 2000 Chairman of the Board, Chief Executive Officer of the Company and Webster Bank
Plush, Gerald 50 2008 CFO, Senior Executive Vice President, Chief Risk Officer of the Company and Webster Bank
Brown, Jeffrey 51 2007 Chief Administrative Officer, Executive Vice President of Webster and Webster Bank
Crecca, Michelle 39 2008 Executive Vice President, Chief Marketing Officer
Wolfe, Harriet 55 2003 Executive Vice President, General Counsel, Secretary of the Company and Webster Bank
Savage, Joseph 56 2002 Executive Vice President; Executive Vice President - Commercial Banking of Webster Bank
Mhatre, Nitin 38 2008 Executive Vice President - Consumer Finance of the Company and Webster Bank
Messina, Theresa 2010 Chief Accounting Officer
Crawford, John 64 Lead Director
Becker, Joel 60 1986 Director
Finkenzeller, Robert 58 1986 Director
Jacobi, C. Michael 67 1993 Director
Morse, Laurence 57 2004 Director
Osar, Karen 60 2006 Director
Shivery, Charles 63 2009 Director
Coulter, David 2009 Director
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Biographies

Name Description
Smith, James Mr. James C. Smith is Chairman, Chief Executive Officer and a Director of Webster Financial Corporation and Webster Bank, having been elected Chief Executive Officer in 1987 and Chairman in 1995. Mr. Smith joined Webster Bank in 1975, and was elected President, Chief Operating Officer and a director of Webster Bank in 1982 and of Webster in 1986. Mr. Smith served as President of Webster and Webster Bank until 2000. Mr. Smith is a director of the Federal Reserve Bank of Boston and was a member of the Federal Advisory Council which advises the deliberations of the Federal Reserve Board of Governors until December 2007. He is a member of the executive committee of the Connecticut Bankers Association, co-chairman of the American Bankers Council and a former director of the Federal Home Loan Bank of Boston. He is a director of St. Mary’s Hospital and the Palace Theater, both of Waterbury, Connecticut, and was a director of MacDermid, Incorporated (NYSE:MRD) until it was sold in June 2007. Mr. Smith is Chairman of the Executive Committee.
Plush, Gerald Mr. Gerald P. Plush is Senior Executive Vice President and Chief Financial Officer /Chief Risk Officer of Webster Financial Corporation and Webster Bank. Mr. Plush joined Webster in July 2006 and was promoted to Senior Executive Vice President in July 2007. He was elected Chief Risk Officer in July 2008. Mr. Plush serves as Chairman of Webster’s Enterprise Risk Management Committee. Prior to joining Webster, Mr. Plush was employed at MBNA America in Wilmington, Delaware. In his most recent position with MBNA, he was Senior Executive Vice President and Managing Director of Corporate Development and Acquisitions. Prior to this position, Mr. Plush was Senior Executive Vice President and Chief Financial Officer of MBNA’s North American Operations, and prior to that he was Senior Executive Vice President and Chief Financial Officer of U.S. Credit Card.
Brown, Jeffrey Mr. Jeffrey N. Brown is Executive Vice President and Chief Administrative Officer of Webster Financial Corporation and Webster Bank. Mr. Brown was elected to this position in July 2007. Mr. Brown joined Webster in 1996 as Executive Vice President of Marketing and Communications for Webster Bank and assumed responsibility for strategic planning in 1997. He was elected Executive Vice President of Marketing and Communications for the holding company in March 2004.
Crecca, Michelle Ms. Michelle M. Crecca is Executive Vice President, Chief Marketing Officer of Webster of Webster Financial Corporation and Webster Bank. Ms. Crecca joined Webster and Webster Bank as Executive Vice President, Consumer Lending in September of 2006 and was appointed Executive Vice President, Chief Marketing Officer in June of 2008. Prior to joining Webster and Webster Bank she was Managing Director, Retail Business for Citi Home Equity.
Wolfe, Harriet Ms. Harriet Munrett Wolfe is Executive Vice President, General Counsel and Secretary of Webster Financial Corporation and Webster Bank. 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., Hartford, Connecticut.
Savage, Joseph Mr. Joseph J. Savage is Executive Vice President of Webster Financial Corporation and Executive Vice President, Commercial Banking for Webster Bank. He joined Webster in April 2002. 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 is a director of the Connecticut Business & Industry Association.
Mhatre, Nitin Mr. Nitin J. Mhatre is Executive Vice President, Consumer Finance of Webster Financial Corporation and Webster Bank. Mr. Mhatre joined Webster in October 2008. Prior to joining Webster, Mr. Mhatre worked for Citi Home Equity in St. Louis, Missouri and Stamford, Connecticut in various capacities. In his most recent position with Citi Home Equity, he was the Managing Director for the home equity retail business for CitiMortgage. Prior to that he was Vice President and Director, Cards Cross-Sell, and from January 2004 to January 2005, he was Vice President and Director, Portfolio Management.
Messina, Theresa Ms. Theresa M. Messina has bee appointed as Chief Accounting Officer of Webster Financial Corporation. Ms. Messina was most recently at Fannie Mae, where she worked since 2006 directing all aspects of strategic operations involving more than 18 million single-family residential mortgages with a total balance in excess of $3 trillion. Prior to joining Fannie Mae, she was a partner in audit and advisory services at Ernst & Young in New York City between 2000 and 2006. From 1995 to 1998, she was Senior Vice President for operations at Fidelity Management Trust Co., in Boston, where she managed daily operations for the institutional business and directed a staff of more than 300. Ms. Messina is a graduate of Lehigh University and has a MBA in corporate finance from St. Joseph's University. She is a Certified Public Accountant and is licensed in New York and Pennsylvania.
Crawford, John Mr. John J. Crawford is Lead Director of Webster Financial Corporation. 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, Compensation Committee and the Executive Committee.
Becker, Joel Mr. Joel S. Becker is Director of Webster Financial Corporation. 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 Chairman of the Compensation Committee and a member of the Executive Committee and the Nominating and Corporate Governance Committee.
Finkenzeller, Robert Mr. Robert A. Finkenzeller is Director of Webster Financial Corporation. 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, the Nominating and Corporate Governance Committee and the Risk Committee.
Jacobi, C. Michael Mr. C. Michael Jacobi is Director of Webster Financial Corporation. 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 public 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 member of the board of directors and chairman of the audit committee 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, is a member of the board of directors and chairman of the audit committee of Sturm Ruger & Co., Inc. (NYSE:RGR), a publicly held company headquartered in Southport, Connecticut engaged in manufacturing and distribution of consumer products, and is a member of the board of directors and the audit committee 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. He is Chairman of the Audit Committee and a member of the Executive Committee and the Risk Committee.
Morse, Laurence Mr. Laurence C. Morse is Director of Webster Financial Corporation. 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 Princeton University Investment Company and the Institute of International Education, and is 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. He is Chairman of the Risk Committee and is a member of the Audit Committee and the Executive Committee.
Osar, Karen Ms. Karen R. Osar is Director of Webster Financial Corporation. She was Executive Vice President and Chief Financial Officer of Chemtura Corporation (NYSE:CEM), a specialty chemicals company headquartered in Middlebury, Connecticut from 2004 until her retirement in March 2007. From 1999 to June 2004, Ms. Osar served as Senior Vice President and Chief Financial Officer of MeadWestvaco Corporation and of Westvaco Corporation. She is a director of Innophos Holdings, Inc. (NASDAQ:IPHS), a publicly held specialty chemicals company headquartered in Cranbury, New Jersey and Sappi Limited (NYSE:SPP), a company engaged in the production of coated fine paper and chemical cellulose, headquartered in Johannesburg, South Africa. Ms. Osar is a member of the Compensation Committee and the Risk Committee.
Shivery, Charles Mr. Charles W. Shivery is Director of Webster Financial Corporation. Mr. Shivery is chairman, president and CEO 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 CEO 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. Mr. Shivery served on the Connecticut Governor's Competitiveness Council. He is a director of the Association of Edison Illuminating Companies, Connecticut Business and Industry Association, Connecticut Science Center, Connecticut Children's Medical Center, Edison Electric Institute, Electric Power Research Institute, Energy Insurance Mutual, MetroHartford Alliance and The Bushnell. Mr. Shivery holds a bachelor of arts degree and a bachelor of engineering science degree from The Johns Hopkins University. He earned an Master of Business Administration from the University of Baltimore.
Coulter, David

Options Compensation

Name Options Value
Smith, James 1,115,642 15,844,512
Plush, Gerald 0 0
Brown, Jeffrey 71,030 1,041,140
Crecca, Michelle 0 0
Wolfe, Harriet 0 0
Savage, Joseph 50,796 245,788
Mhatre, Nitin 0 0
Messina, Theresa 0 0
Crawford, John 0 0
Becker, Joel 0 0
Finkenzeller, Robert 0 0
Jacobi, C. Michael 0 0
Morse, Laurence 0 0
Osar, Karen 0 0
Shivery, Charles 0 0
Coulter, David 0 0

Insider Trading

Name Shares Traded Price
CRECCA MICHELLE M 215 $14.40
SLATTERY ANNE M 179 $14.40
WOLFE HARRIET MUNRETT 209 $14.40
BROWN JEFFREY N 380 $14.40
MHATRE NITIN J 247 $14.40
PLUSH GERALD P 745 $14.40
SAVAGE JOSEPH J 373 $14.40
SLATTERY ANNE M 375 $14.40
SMITH JAMES COPENHAVER 1,218 $14.40
SAVAGE JOSEPH J 177 $14.40
SMITH JAMES COPENHAVER 580 $14.40
CRECCA MICHELLE M 81 $14.40
WOLFE HARRIET MUNRETT 95 $14.40
BROWN JEFFREY N 187 $14.40
MHATRE NITIN J 92 $14.40
PLUSH GERALD P 355 $14.40
MESSINA THERESA M 5,809 $0.00
WOLFE HARRIET MUNRETT 107 $12.79
PLUSH GERALD P 399 $12.79
CRECCA MICHELLE M 91 $12.79
SAVAGE JOSEPH J 419 $12.79
SMITH JAMES COPENHAVER 1,371 $12.79
MHATRE NITIN J 279 $12.79
BROWN JEFFREY N 211 $12.79
PLUSH GERALD P 838 $12.79
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