BOSTON, May 30, 2019 /PRNewswire/ -- Berkshire Hills
Bancorp, Inc. (NYSE: BHLB), the financial holding company for
Berkshire Bank, today announced the appointment of three new
members to the Board of Directors:
Baye Adofo-Wilson,
Esq. has over 20 years of experience in law and
business development, with a focus on community development,
including the position of Deputy Mayor/Director, Economic and
Housing Development for the City of
Newark, New Jersey. Currently, Mr. Adofo-Wilson is Of
Council at Rainon, Coughlin & Minchello focusing on
redevelopment law and specializing in New
Jersey's urban transitioning communities and municipalities,
while also serving as CEO of BAW Development, LLC, a national real
estate development company concentrating on redevelopment and
consulting services in diverse communities. He joins the Audit
Committee and the Corporate Responsibility and Culture
Committee.
Rheo A.
Brouillard has more than 40 years of experience in
the financial services industry, holding key roles at multiple
financial services institutions. Mr. Brouillard most recently
served as Director, President and CEO of SI Financial Group,
Inc. Berkshire recently
acquired SI Financial, together with its Willimantic CT based subsidiary, Savings
Institute Bank & Trust. Mr. Brouillard has been a staunch
supporter of community development associations throughout his
career and a champion for the communities he serves in Southeast
New England. He joins the Compliance and Regulatory Committee
and the Risk Management and Capital Committee.
William H. Hughes
III has over 30 years of business experience with
expertise in strategy development and execution, technology
services and cybersecurity. Mr. Hughes is the founder and
President of Open4 Learning, an advisory business that is focused
on innovation and growth in the education technology and employment
technology sectors. He is also the founding Manager of
CyberHabits LLC, which is a learning-centered cybersecurity
solutions company. A Boston-area resident, Mr. Hughes joins the
Compensation Committee and the Risk Management and Capital
Committee.
"I'm pleased to welcome our new directors," commented Chairman
William J. Ryan. "These three
individuals enhance our Board of Directors with their wealth of
experience in various sectors and bring further diversity into our
board room through their respective expertise and
backgrounds. These directors also bring a fluid working
knowledge of our Southeast New England, Boston and New
Jersey markets. I look forward to adding their
perspectives and insights to our Board."
Messrs. Adofo-Wilson, Brouillard and Hughes were also appointed
to the Board of Directors of Berkshire Bank.
In addition to these appointments, the following changes have
been made to the membership of various Board Committees:
- Pamela A. Massad has moved from
the Compliance and Regulatory Committee to the Audit
Committee.
- David M. Brunelle has moved from
the Compliance and Regulatory Committee to the Corporate
Governance/Nominating Committee.
- Laurie Norton Moffat has moved
from the Risk Management and Capital Committee to the Corporate
Governance/Nominating Committee.
"These changes are important steps as we continue our evolution
as a 21st-century community bank," added President and
CEO Richard M. Marotta. "Our new
members expand our skill set and provide insight into new areas of
expertise that will be vital to our
progress. Additionally, Ms. Norton Moffat is a strong addition to the
Corporate Governance/Nominating Committee, while Ms. Massad will
bring her extensive legal and financial institutions background to
the Audit Committee. As a member of the Board and a
shareholder, I look forward to their growing contributions to our
governance."
About Berkshire Bank
Berkshire Bank is recognized for its entrepreneurial
approach, relationship customer experience, and
distinctive culture embracing and celebrating the diversity of
all customers, employees, and suppliers - as its
commitment to diversity continues to grow. With $13.9 billion in assets, Berkshire provides business and consumer
banking, mortgage, wealth management, investment,
and insurance services through 132 branch
offices in New York, Connecticut, Vermont, New
Jersey, Pennsylvania, Rhode Island and
Massachusetts, including Commerce
Bank, a division of Berkshire Bank. Berkshire Hills Bancorp, Inc.
(NYSE: BHLB) is the parent of Berkshire Bank. Berkshire Bank
was named one of Massachusetts'
Most Charitable Companies by the Boston Business Journal in
2018. To learn more, visit www.berkshirebank.com, call
800-773-5601 or follow us on: Facebook, Twitter,
Instagram, and LinkedIn. Berkshire Bank is the official
bank of NESN's Boston Bruins coverage. Life is
Exciting. Let us help.®
CONTACTS
Investor Relations Contact
Erin E. Duggan, Investor Relations
Manager; 413-236-3773
Media Contact
Cassandra Giovanni, Corporate
Communications Manager; 860-465-8659
View original content to download
multimedia:http://www.prnewswire.com/news-releases/berkshire-hills-welcomes-baye-adofo-wilson-rheo-a-brouillard-and-william-h-hughes-iii-to-board-and-announces-additional-changes-300859496.html
SOURCE Berkshire Hills Bancorp, Inc.