Berkshire Promotes Several to New Roles
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PITTSFIELD, Mass. – Berkshire Hills Bancorp has announced the promotion of Richard Marotta to president of Berkshire Bank and Sean Gray to chief operating officer of the bank.
Additionally, the bank promoted the following executives to senior executive vice president: George Bacigalupo, Josephine Iannelli , and Linda Johnston.
Berkshire Bank has also promoted eight to the executive team, broadening the responsibilities of these leaders and creating a more effective operating structure.
"Richard and Sean are results-driven, high-integrity leaders that have been integral to the growth of this company and this promotion reflects their contributions," said Michael Daly, chief executive officer of the bank and the company, said. "As we continue to execute on our strategic vision, their leadership and ability is increasingly important to our success in driving the 'America's Most Exciting Bank' culture across our franchise.
"We are also recognizing the accomplishments of other current executives and expanding our overall executive team," Daly continued. "This reorganization is a natural extension of the strong growth Berkshire has experienced and positions us well for future growth and expansion. We believe the best way to accelerate our company's progress is to empower the next level of leadership through more engagement and greater accountability. We’re proud of the bench we've built and our ability to promote from within. I have no doubt that this leadership team will drive Berkshire to new heights in performance, integrity and culture."
As president of the bank, Marotta will be responsible for all aspects of administration, risk, and infrastructure, including people and systems, compliance and credit. He has been serving Berkshire as EVP, chief risk and administrative officer, since 2013. Marotta joined the company as EVP, chief risk officer, in 2010 from KeyBank, where he was executive vice president and group head, asset recovery.
As chief operating officer of the bank, Gray will be responsible for the operating teams of the bank, including retail, commercial, small business, home lending, wealth management and insurance. Gray has been serving Berkshire as EVP, retail banking, since 2010. He joined Berkshire as first VP, retail banking ,in 2006 from Bank of America where he was VP, consumer marketing manager, in eastern Massachusetts.
The new members of the bank’s executive team come from across the company and have all demonstrated strong leadership skills in their time at Berkshire.
• Michael Carroll, executive vice president, chief risk and credit officer: Carroll has been serving as SVP, chief credit officer, of Berkshire since 2013 and joined the company as SVP, regional commercial leader, from Key Bank in 2009. He reports to Marotta and is responsible for managing the risk and credit departments of the bank.
• James Curran, executive vice president, regional commercial leader, Central Massachusetts and Connecticut: Curran joined Berkshire as SVP, Central Massachusetts leader, in 2011 from Sovereign Bank; he reports to Bacigalupo.
• Mark Foster, executive vice president, regional commercial leader, Eastern Massachusetts and ABL: Foster joined Berkshire as SVP, asset based lending, in 2009 from TD Bank; he reports to Bacigalupo.
• Tami Gunsch, executive vice president, retail banking: Gunsch joined Berkshire from Citizens Bank in 2009 as first VP, retail banking, and was promoted to SVP in 2011. She reports to Gray, and will be responsible for all aspects of the retail banking consumer experience including branch operations and consumer lending.
• Scott Houghtaling, executive vice president, regional commercial leader, New York: Houghtaling joined Berkshire as SVP, commercial leader NY, in 2014 from RBC Citizens; he reports to Bacigalupo.
• Allison O'Rourke, executive vice president, investor relations and financial institution banking: O'Rourke is currently SVP, investor relations officer, and joined the bank in 2013 from NYSE Euronext. She will report to Daly and Marotta and is responsible for all aspects of investor strategy and communications, and developing Berkshire's financial institution and wholesale channels.
• Deborah Stephenson, executive vice president, compliance and regulatory: Stephenson joined Berkshire in 2014 as SVP chief compliance officer from Country Bank, where she served as the executive division leader for retail banking, human resources and training. She reports to Marotta and is responsible for all aspects of the bank's regulatory compliance programs.
• Gary Urkevich, executive vice president, IT and project management: Urkevich joined the Bank in 2011 as VP, corporate initiatives, from SABIC Innovative Plastics and was promoted in 2013 to SVP, Information Systems and Technology. He reports to Marotta and is responsible for maintaining and enhancing the IT infrastructure of the bank along with Six Sigma and strategic initiatives run through project management.
Marotta, Gray and Iannelli have also been named senior executive vice presidents of the company. All promotions are effective immediately.
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