John Ciulla to Succeed Jack Kopnisky as Webster Financial Corporation Board Chair

Webster Financial Corporation has announced that as part of a planned transition, John R. Ciulla, Webster’s Chief Executive Officer, will become chairman of the board of Webster Financial Corporation and Webster Bank, National Association.

Ciulla joined Webster in 2004. He served as chairman, president and CEO of Webster Financial Corporation from 2020 until the close of its merger of equals with Sterling Bancorp in 2022.

In addition, Richard O’Toole will become lead independent director of the board, succeeding William Atwell, who will remain on the board. Atwell has been a valued member of the board since 2014 and is the former consulting and managing director of Atwell Partners, LLC. Both appointments are effective February 1, 2024.

O’Toole is executive vice president of The Related Companies and has been a member of the board since 2022, having previously served as a director for Sterling Bancorp since 2011 and chairman of the Sterling board from 2017-2022.