NBT Bancorp announced on May 3rd that Daryl R. Forsythe will retire as chairman of the NBT Bank and NBT Bancorp Boards, and on May 4th its new chairman, succession plan and expanded executive roles.
The Board of Directors of NBT Bancorp Inc. elected President and CEO Martin A. Dietrich to the position of chairman on May 3, 2016, following the retirement of Daryl R. Forsythe. Dietrich also announced his intention to retire from active employment in December 2016.
The NBT Board of Directors also unanimously endorsed a succession plan that calls for the promotion of John H. Watt, Jr. to the position of president of the Bank effective immediately and expanded roles for other members of NBT’s Executive Management Team. Upon Dietrich’s retirement from active employment, Watt will succeed him as chief executive officer of NBT and the Bank.
Executive Vice President and President of Wealth Management Timothy L. Brenner’s responsibilities have expanded to include oversight of all non-bank business, including wealth management and financial services, NBT’s 401(K) plan recordkeeping firm, EPIC Advisors, Inc., and NBT-Mang Insurance Agency.
Executive Vice President Matthew K. Durkee was promoted to the position of president of New England. Durkee joined NBT in 2009 to lead the Bank’s expansion into Vermont. His leadership responsibilities have expanded as the Bank’s presence in New England has grown to include Massachusetts, New Hampshire and now Maine. He also provides executive oversight for the Bank’s Residential Mortgage Division. Durkee was promoted to executive vice president and joined NBT’s Executive Management Team in 2015.
And Executive Vice President Joseph R. Stagliano is also taking on a broader leadership role and now has responsibility for Retail Banking in addition to his duties as chief information officer where he oversees functions related to information technology, operations, systems development and facilities. Stagliano’s new title is executive vice president of operations and retail banking.