Webster names new president, executive vice chairman

JOHN R. CIULLA has been promoted to president of Webster Bank from his previous position as head of commercial banking for the Waterbury, Conn., financial institution. He also will be joining Webster's board of directors. / COURTESY WEBSTER BANK
JOHN R. CIULLA has been promoted to president of Webster Bank from his previous position as head of commercial banking for the Waterbury, Conn., financial institution. He also will be joining Webster's board of directors. / COURTESY WEBSTER BANK

WATERBURY, Conn. – The parent of Webster Bank last month announced the appointment of John R. Ciulla to president of the bank and its holding company. He also will serve on its board of directors.
In addition, Webster Financial Corp. appointed Joseph J. Savage to executive vice chairman, according to a press release. Both men will report directly to Webster’s chairman and CEO James C. Smith. Ciulla, previously executive vice president and head of commercial banking, will assume responsibilities of Webster’s community banking, private banking and marketing.
Smith praised Ciulla’s performance in a statement.
“John’s promotion to president recognizes his outstanding leadership and [our] commercial banking’s consistently strong performance,” Smith said. “As head of the unit, he has continued commercial banking trajectory, driving strong revenue growth, earning in excess of the unit’s cost of capital, maintaining strong asset quality, expanding Webster’s commercial banking footprint and developing his strong management team.”
Savage, formerly president, will retain oversight over human resources and oversee the bank’s programs for leadership development, incentive compensation and employee engagement, according to a press release.
“As president, Joe has contributed mightily to our progress toward our goal of becoming the highest performing mid-size bank in the country as measured by financial performance, customer satisfaction, and growth in key segments,” Smith continued. “He will continue to work closely with me in formulating strategy and will lead key external client initiatives.”

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