|Webster Bank Names Chief Procurement Officer|
WATERBURY, Conn, August 9, 2012 – Webster Bank, a leading bank serving businesses and consumers from Westchester County, N.Y. to Boston, Mass., today announced the hiring of Greg Woods as senior vice president, Chief Procurement Officer.
Woods brings more than 15 years of procurement and operations experience to the role. Previously, he served as director of Tenzing Consulting, LLC and president and founder of Sea Change Enterprises, Inc. for the past eight years. Before that, Woods was a founding partner and board member of Silver Oak Solutions, a strategic procurement consulting firm. He has extensive experience in the finance and banking industries and also served as a United States Naval Officer.
“Greg has earned a national reputation as an expert in the procurement field,” said Glenn MacInnes, chief financial officer at Webster Bank. “He has proven himself adept at assessing an organization’s needs and then building and executing the right strategy. Greg is the right leader to take our strong procurement team to the next level for the ultimate benefit of all of our stakeholders.”
As CPO, Woods will be responsible for the procurement function which integrates strategic sourcing, procurement operations, and vendor management to deliver service and product solutions for all of Webster Bank.
Woods will be based in Farmington, Conn. He earned his B.S. from Worcester Polytechnic Institute and his MBA from the University of San Diego.
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $19 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 167 banking offices, 464 ATMs, 290 of which are owned by Webster and 174 of which are branded, telephone banking, mobile banking, and the Internet. Webster Bank owns the asset based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.