Mark Pettie - Webster Financial Independent Director

WBS Stock  USD 61.78  0.27  0.44%   

Director

Mr. Mark Pettie serves as an Independent Director of Webster Financial Corporationration He is President of Blackthorne Associates, LLC, a Woodcliff Lake, New Jersey based company which provides consulting services to firms investing in a wide range of consumer oriented businesses. Mr. Pettie served as Chairman and Chief Executive Officer of Prestige Brands Holdings, Inc., a publicly held company headquartered in Irvington, New York which develops, sells, distributes and markets overthecounter drugs, household cleaning products and personal care items, from January 2007 until September 6 2009. He was President of the Dairy Foods Group with ConAgra from 2005 to 2006. From 1981 to 2004, Mr. Pettie held various positions of increasing responsibility in general management, marketing and finance at Kraft Foods and was named Executive Vice President and General Manager of Kraft Foods Coffee Division in 2002. He is Chair of the Risk Committee and a member of the Audit Committee and the Executive Committee. Mr. Petties former experience as Chief Executive Officer of a public company brings strong executive experience to the Board, along with his expertise in finance and marketing. He also has extensive business and corporate governance experience as a director for both public and private companies. since 2009.
Age 64
Tenure 15 years
Address 200 Elm Street, Stamford, CT, United States, 06902
Phone203 578 2202
Webhttps://public.websteronline.com

Latest Insider Transactions

2024-10-22Disposed of 4500 shares @ 51.14View
Pettie served as Chairman and Chief Executive Officer of Prestige Brands Holdings, Inc., a publicly held company headquartered in Irvington, New York which develops, sells, distributes and markets overthecounter drugs, household cleaning products and personal care items, from January 2007 until September 2009. He was President of the Dairy Foods Group with ConAgra from 2005 to 2006. From 1981 to 2004, Mr. Pettie held various positions of increasing responsibility in general management, marketing and finance at Kraft Foods and was named Executive Vice President and General Manager of Kraft Food’s Coffee Division in 2002. He is Chair of the Risk Committee and a member of the Audit Committee and the Executive Committee.

Webster Financial Management Efficiency

The company has Return on Asset of 0.0102 % which means that on every $100 spent on assets, it made $0.0102 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0893 %, implying that it generated $0.0893 on every 100 dollars invested. Webster Financial's management efficiency ratios could be used to measure how well Webster Financial manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Webster Financial's Return On Tangible Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.01 in 2024, whereas Return On Capital Employed is likely to drop 0.01 in 2024. At this time, Webster Financial's Total Assets are comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 91.7 B in 2024, whereas Total Current Assets are likely to drop slightly above 3.4 B in 2024.
Webster Financial has 3.41 B in debt with debt to equity (D/E) ratio of 9.21, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Note however, debt could still be an excellent tool for Webster to invest in growth at high rates of return.

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Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. The company was founded in 1935 and is headquartered in Stamford, Connecticut. Webster Financial operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 2424 people. Webster Financial (WBS) is traded on New York Stock Exchange in USA. It is located in 200 Elm Street, Stamford, CT, United States, 06902 and employs 4,131 people. Webster Financial is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Webster Financial Leadership Team

Elected by the shareholders, the Webster Financial's board of directors comprises two types of representatives: Webster Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Webster. The board's role is to monitor Webster Financial's management team and ensure that shareholders' interests are well served. Webster Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Webster Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mark Pettie, Independent Director
Emlen CFA, Director Relations
Laurence Morse, Independent Director
William Whiston, Independent Director
Daniel Bley, Executive Vice President Chief Risk Officer of the Company and Webster Bank
Albert Wang, Chief Accounting Officer of the Company and Webster Bank
Mona Kanaan, Independent Director
Kristy Esq, General Secretary
Richard Toole, Independent Director
Elizabeth Flynn, Independent Director
Bernard Garrigues, Executive Vice President and Chief Human Resources Officer of the Company and Webster Bank
Charles Wilkins, Executive Vice President, Head of HSA Bank of the Company and Webster Bank
Jack Kopnisky, Executive Chairman of the Board of the Company and Webster Bank
Elzbieta Cieslik, Executive Officer
Frederick Smith, Corporate Controller
James Blose, General Counsel, Corporate Secretary of the Company and Webster Bank
Terrence Mangan, Senior Vice President Investor Relations
Brian Runkle, Executive Vice President - Bank Operations of the company and Webster Bank
James Landy, Independent Director
Linda Ianieri, Independent Director
CPA CPA, Ex Officer
Alice Ferreira, Senior Communications
James Griffin, Executive Banking
Albert CPA, Executive Officer
Javier Evans, Chief Human Resource Officer of the Company and Webster Bank
Glenn MacInnes, Chief Financial Officer, Executive Vice President of the Company and Webster Bank
Vikram Nafde, Chief Officer
Christopher Motl, Executive Vice President, Head of Commercial Banking of company and Webster Bank
Alice Spinella, Executive Recovery
Lauren States, Director of the Company and the Bank
Maureen Mitchell, Independent Director
Jonathan Roberts, Executive Vice President, Head of Retail Banking and Consumer Lending of the Company and Webster Bank
E Hayles, Independent Director
John Cahill, Independent Director
Karen HigginsCarter, Executive Vice President, Chief Information Officer of the Company and Webster Bank
Beatrice Ordonez, Chief Innovation Officer of the Company and Webster Bank
Nitin Mhatre, Executive VP of Community Banking and Executive VP of Community Banking - Webster Bank
William Atwell, Lead Independent Director
James Bush, Director
CPA CFA, CFO VP
Karen Osar, Independent Director
Harriet Wolfe, Executive Vice President, General Counsel, Corporate Secretary of the Company and Webster Bank
John Ciulla, Chairman of the Board, President, Chief Executive Officer of the Company and Webster Bank
Luis Massiani, Chief Operating Officer of the Company and Webster Bank

Webster Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Webster Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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