Webster Financial Corporation announced that Daniel Bley, Executive Vice President and Chief Risk Officer (CRO), intends to retire after 14 years with the company. Mr. Bley will continue in his role until a successor is appointed, and will then serve in an advisory capacity to ensure a smooth transition.
CEO John Ciulla acknowledged Mr. Bley's instrumental role in fostering a strong risk culture and advancing risk management programs and capabilities during a period of substantial growth for the bank. The company has initiated a comprehensive search process for a new CRO, engaging Russell Reynolds, a leading executive search firm.
This leadership transition in a critical risk management function is a key development for Webster Financial. The structured approach to succession planning aims to maintain the integrity of the bank's risk framework and support its ongoing operational stability.
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