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Webster Bank’s Joe Savage Elected Chair of MetroHartford Alliance Board of Directors

Joe SavageCaption: Joe Savage, Executive Vice Chairman of Webster Financial Corporation and Webster Bank, will chair the MetroHartford Alliance Board of Directors effective April 1. Photo courtesy of Webster Bank.

Hartford, Conn. (March 28, 2016) – The MetroHartford Alliance Board of Directors has elected Joe Savage, Executive Vice Chairman of Webster Financial Corporation and Webster Bank, as its next Chair. He will succeed Bonnie Malley, Executive Vice President and Chief Financial Officer of The Phoenix Companies, Inc., effective April 1. 

Both Webster Bank and Phoenix are Leadership Investors in the Alliance; Webster Bank is also a Founding Partner of the Connecticut Health Council, an Alliance initiative.

Savage has been a longstanding member of the Alliance Board and very involved in a number of its public policy and other initiatives. He has been with Webster since 2002, when he joined the bank as Executive Vice President, Commercial Banking. Savage was promoted to President of Webster Bank and elected to the bank’s Board of Directors in 2014; he assumed his current title and duties in October 2015. Previously, from 1996 to April 2002, he was Executive Vice President of the Communications and Energy Banking Group for CoBank in Denver, Colorado.

In addition to his involvement with the Alliance, Savage is a Director of the Travelers Championship Committee, serves on the boards of The Bushnell and the Connecticut Bankers Association, and chaired the 2013-14 United Way Campaign for United Way of Central and Northeastern Connecticut. He is a Director Emeritus of the Connecticut Business and Industry Association.

Malley has chaired the Alliance Board since January 1, 2015; she is the first woman to hold the position. In January 2016, Malley was nominated by Mayor Luke Bronin to serve as the City of Hartford’s Chief Operating Officer, subject to City Council approval. She intends to leave Phoenix once the company’s merger with Nassau Reinsurance Group Holdings is complete.

“We are delighted that Joe is assuming leadership of the Board as Bonnie prepares for her new role,” said Oz Griebel, the Alliance’s President and Chief Executive Officer. “Both Joe and Bonnie are tremendously respected for their business acumen and commitment to the community. I have no doubt that, under Joe’s leadership, the Alliance will continue to drive the economic growth and vitality of our Capital City and Region.”

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About MetroHartford Alliance
The mission of the MetroHartford Alliance is to compete aggressively and successfully for jobs, talent and capital for the Hartford Region and to ensure that the Hartford Region is a premier place for all people to live, work, play and raise a family.  Through its members’ intellectual capital and financial investment, the Alliance is able to implement key strategies that further our regional goals of job growth, wealth creation, and talent attraction and retention. Visit www.metrohartford.com for more information.

Media Contact:
Brian Boyer, Vice President of Communications, Marketing, Media and Public Relations
860.728.2290
bboyer@metrohartford.com