Hartford Business Journal

18 Hartford Business Journal • September 4, 2017 • www.HartfordBusiness.com Corporate Profile Webster Financial Corporation 145 Bank St., Waterbury, CT www.websterbank.com Webster Financial Corp. operates as the holding company for Web- ster Bank, which provides financial services to indi- viduals, families and businesses. Latest headlines ■ ■ In July, Waterbury's Webster Financial Corp. achieved record second-quarter profits ($61.6 million), beating Wall Street estimates, as higher income from loans propelled the Webster Bank's bottom line. ■ ■ Webster Bank recently appointed John H. Driscoll Jr. as regional market executive for Webster Private Bank's Hartford and New Haven offices. ■ ■ In June, Executive Vice Chairman Joseph J. Savage retired after 15 years with Webster and a 40-year career in banking. ■ ■ Webster Bank was recently named one of the top 300 midsize employers nationwide, including recognition in the banking and financial services category, according to Forbes. Corporate suite Stock Non-equity Exec. Salary Bonus Awards Incentive Total James C. Smith Chairman & CEO $950,000 $0 $1,697,706 $903,925 $4,855,196 John R. Ciulla President $480,000 $0 $338,603 $397,452 $1,317,366 Nitin J. Mahtre EVP Community Banking $375,000 $0 $632,489 $279,129 $1,352,705 profits and revenues James C. Smith, Chairman & CEO Fact box Industry: Regional — Northeast Banks 2Q 2017 Revenue: $291.3M 2Q 2017 Net Income: $61.6M 2Q 2016 Net Income: $50.6M Quarterly Profit Change: $11M Cash: $7.4B Employees: 3,168 Competitors: TD Bank People's United Financial Inc. Citizens Financial Group Inc. Stock watch Ticker Symbol WBS Stock Price (as of Aug. 29) $46.25 Market Cap $4.26B 52 Week Range Price $36.96–$57.50 Top institutional investors Shares % Stake T. Rowe Price Associates Inc. 8,762,487 ...... 9.56 Blackrock Inc. 7,747,759 ...... 8.45 Vanguard Group Inc. 7,543,337 ...... 8.23 Movers & Shakers Amanda D.H. Allen has been promoted to chief financial officer of Wallingford-based Edible Arrangements International from vice president of finance and accounting. Allen joined Edible in 2015 after roles that included corporate finance and strategic planning leadership positions at PepsiCo, Starwood Hotels and Waterworks. Allen succeeds Tony DiPippa, who will take on an expanded role overseeing the day-to-day operations of Edible and working closely with founder and CEO Tariq Farid to manage his portfolio of companies. Joseph Blackburn, Kevin Hickey and JaDeane Ing have joined Middletown-based Community Health Center Inc. in senior roles — Blackburn as vice president of human resources, Hickey as director of facilities, and Ing as chief development officer. Blackburn has more than 15 years of HR experience, most recently as HR director at Ridgefield's Boehringer Ingelheim. Hickey's career spans more than 20 years managing facilities, construction and operations for nonprofit healthcare and hospitality organizations. He comes to CHC from Compass Group, where he managed facility operations and support services for a partnership between Hebrew HealthCare, Hartford HealthCare and Morrison Community Living. Ing fills a new role at CHC to generate philanthropic funding and brings an extensive background in the financial sector, having held senior positions with several New York City- based funds. Drs. Takanori Fukushima, Juha Hernesniemi and Ali F. Krisht, three neurosurgeons internationally recognized for their technical excellence and for advancing the field of neurosurgery, are joining UConn Health as consulting faculty. Fukushima, who holds academic appointments on three continents, has performed more than 24,000 neurosurgery cases in the United States and Japan over five decades. Hernesniemi, professor emeritus of neurosurgery at the Helsinki University Hospital, has performed more than 14,000 neurosurgery cases and is a publisher of scientific journal articles on cerebrovascular diseases, brain tumors, and neurosurgical techniques. Krisht, co-founder and director of the Arkansas Neuroscience Institute at CHI St. Vincent, is a leading advocate of excellence in technical neurosurgery. Richard "Rick" Cheney has joined Willimantic-based Savings Institute Bank & Trust as Enfield branch manager. Cheney's experience spans more than 20 years in community banks in the Somers and Enfield areas. He comes to Savings Institute Bank & Trust from United Bank. Justin Vicino, a mortgage banker with nearly two decades of industry experience, has joined Glastonbury- based United Bank as a mortgage loan officer. Vicino comes to the bank after three-plus years with Guaranteed Rate and brings an extensive background in real estate and mortgage banking. Mary Boyd was recently appointed head of the personal lines agency channel at The Hartford in addition to her current role as head of the personal lines direct channel. In this expanded role, she will be responsible for strengthening alignment across the business, while continuing to maintain the company's individual channel focus. Dr. John Rodis, president of St. Francis Hospital and Medical Center, and James Wakim, chief operating officer for Simon Konover Co., have joined the University of St. Joseph's board of trustees. Rodis, the first physician to serve as president of St. Francis since its founding, is board-certified in obstetrics and gynecology and maternal- fetal medicine. He also serves as a professor of obstetrics and gynecology at UConn School of Medicine and the Frank H. Netter School of Medicine at Quinnipiac University. Wakim is a returning member of the board for the West Hartford university after serving from 2012 to 2015. Wakim, a lawyer, will bring his law background and expertise in real estate to the board. Magdalena Owczarska has been hired as a digital solutions manager at Mintz + Hoke, an Avon-based marketing agency. As part of the digital team, Owczarska will help plan and design web applications, display advertising and e-marketing programs. Prior to joining Mintz + Hoke, Owczarska was a marketing manager at MRI: Premium Distribution Services, where she managed all company marketing efforts including an e-commerce website and e-marketing campaigns. Wendy Avery, owner of Wendy Avery Design in West Hartford, was recently elected president of the board of trustees for Watkinson School, a co-ed independent day school for grades six- 12 in Hartford. Avery worked in graphic design and marketing in London and Seattle before coming to West Hartford. Amanda D.H. Allen 2014 2015 2016 $0 $200 $400 $600 $800 $1,000 $1,200 In millions of dollars Profits Revenues $199 $204 $207 $921 $997 $1,086 Dr. Takanori Fukushima Dr. Juha Hernesniemi Dr. Ali F. Krisht Justin Vicino Magdalena Owczarska Wendy Avery

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