WATERBURY, Conn., Jun 18, 2002 (BUSINESS WIRE) -- Webster Financial Corporation
(Nasdaq:WBST), the holding company for Webster Bank, announced today the
appointment of Patrick T. Murphy as Executive Vice President, Human Resources
for Webster Bank.
In this position he will oversee all aspects of human resources management and
lead Webster's corporate training, best practices and support services
operations.
"We are delighted to welcome Patrick Murphy to Webster," said James C. Smith,
chairman and chief executive officer. "He brings a comprehensive set of
experiences and skills in financial services and other industries that will help
our management team to strengthen and grow our company in future years."
Before joining Webster, Murphy was Vice President, Human Resources at ING Aetna
Financial Services in Hartford. In this position he provided leadership for the
human resources function in several locations in the United States, and his
responsibilities included the development of a human resources strategy
emphasizing organizational effectiveness, performance management, talent
management, recruitment, change management and rewards and recognition programs.
At ING Aetna Financial Services Murphy created a leadership development program
to strengthen leadership skills and behaviors during transitional periods.
Prior to ING Aetna, Murphy was Vice President, Human Resources - Americas for
Lego Systems, Inc. in Enfield, Connecticut. He also spent thirteen years in a
series of human resources positions of increasing responsibility at
Richardson-Vicks, Inc. in Shelton, Connecticut, a subsidiary of the Proctor &
Gamble Company, and prior to that seven years as a personnel director for Baker
Instruments Corporation in Allentown, Pennsylvania.
In addition to his professional experience, Murphy currently is a member of the
Board of Trustees for Western New England College in Springfield, Massachusetts,
the School of Business Advisory Board for Oswego State University, Oswego, New
York, and is a member of Leadership Greater Hartford's Quest Program for 2002.
Murphy replaces Executive Vice President, Human Resources Renee Seefried, who is
retiring after more than seventeen years at Webster. James Smith said that
Seefried "had served Webster loyally, capably and with exceptional foresight,"
during its rapid growth of the past several years. "She has contributed
meaningfully to our transformation to a regional financial services provider. We
will miss Renee's warmth and professional skill."
Murphy received a B.S. in business administration from the State University of
New York--Oswego.
Murphy resides in Simsbury, CT.
Webster Financial Corporation is the holding company for Webster Bank and
Webster Insurance. With $12 billion in assets, Connecticut-based Webster Bank
provides business and consumer banking, mortgage, trust and investment services
through more than 100 banking offices, 210 ATMs and the Internet
(www.websterbank.com). Webster Financial Corporation is majority owner of
Chicago-based Duff & Phelps, LLC, a leader in financial advisory services, and
Webster Bank owns Center Capital Corporation, an equipment leasing and financing
company headquartered in Farmington, Connecticut and Webster Trust Company, N.A.
For information about Webster, including past releases and the latest Annual
Report, visit the Webster Bank website at www.websterbank.com.
CONTACT: Webster Financial Corporation
Clark Finley, 203/578-2429
cfinley@websterbank.com