Washington Trust announces senior management promotions

WESTERLY – Following major news that its CEO and chief financial officer would retire this winter, Washington Trust Bancorp Inc. has announced several senior-management promotions.

The Westerly-based parent of The Washington Trust Co. is going through a leadership change, as chairman and CEO Joseph J. MarcAurele will retire this winter and be succeeded by president and chief operating officer Edward O. “Ned” Handy III.

Shortly after its announcement, the financial institutions made the following personnel moves:

  • Kristen L. DiSanto was promoted to senior executive vice president, chief human resources officer for the bank and assistant secretary for the corporation. She most recently served as executive vice president, human resources.
  • Thomas H. Klump was promoted to senior vice president and chief information officer. He most recently served as senior vice president, bank operations.
  • Kathleen A. Ryan Esq. was promoted to executive vice president, wealth management. She most recently served as senior vice president, wealth management client services, trust and estate services.
  • William K. Wray Sr. was promoted to senior executive vice president and chief risk officer. He most recently served as executive vice president and chief risk officer.

A full slate of executive changes, which includes the retiring of chief financial officer David V. Devault, can be found HERE.

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“Washington Trust’s senior leadership team plays a key role in our corporation’s success,” MarcAurele said in a statement. “I’m confident that Kathi, Kristen, Bill and Tom will embrace the opportunities presented by their expanded roles and lead their respective divisions to contribute to Washington Trust’s future growth and success.”

Eli Sherman is a PBN staff writer. Email him at Sherman@PBN.com, or follow him on Twitter @Eli_Sherman.