Annual Meeting Elects Slate of Officers for Two-Year Term
BOSTON, May 19 /PRNewswire/ -- Joseph P. Campanelli, President and CEO
of Sovereign Bank New England and Vice Chairman of Sovereign Bancorp, was
elected Chair of the Massachusetts Business Roundtable during its annual
meeting today at Raytheon's Integrated Defense Systems headquarters in
Tewksbury. He succeeds Thomas J. Hynes, Jr., President of Meredith & Grew,
Inc.
Other officers elected to a two-year term include: Vice Chairmen Ted
Kelly, Chairman, President and CEO, Liberty Mutual and Michael Ruettgers,
Special Advisor and Retired Chairman, EMC Corporation; Treasurer Michael
Costello, Office Managing Partner, PricewaterhouseCoopers; and Secretary
Harold Hestnes, Senior Partner, Wilmer Hale.
"For the past twenty-five years, the Roundtable has joined with the
Commonwealth's elected and appointed leaders to develop long-term policies
on a wide variety of issues critical to our state's future," Campanelli
said. "I am honored to assume MBR's chairmanship to continue to offer the
perspective of our members to the public discourse on matters that promote
the economic and social vitality of Massachusetts."
Mr. Campanelli assumed the title of Chief Executive Officer for
Sovereign Bank's New England division in January of 2005. He was appointed
Vice Chairman of Sovereign Bancorp in 2002. In this role he has total
responsibility for all bank operations in the New England region. He serves
as Chairman of the Board of Trustees for Tufts-New England Medical Center
and plays a leadership role with the United Ways of New England as Chair
for the organization's 2006 fund drive. Campanelli is a director of the
Boys and Girls Club of Boston, President of the Boston Minuteman Council of
the Boy Scouts of America, and is on the Board of Trustees of the Boston
Museum of Science.
The Massachusetts Business Roundtable is a non-profit, nonpartisan,
statewide public affairs organization of chief executive officers
representing Massachusetts' leading industry and business enterprises. Its
mission is to apply the knowledge, leadership and insight of its membership
to inform the Commonwealth's elected and appointed leaders in the
development of long-term views, programs and policies on the state's
complex policy issues.
About Sovereign
Sovereign Bancorp, Inc. ("Sovereign") (NYSE: SOV) is the parent company
of Sovereign Bank, a pro forma $83 billion financial institution with
nearly 800 community banking offices, over 2,000 ATMs and approximately
12,000 team members with principal markets in the Northeast United States
after giving effect to the Independence acquisition and recently announced
branding agreement in which Sovereign ATMs will be placed in CVS/pharmacy
locations. Sovereign offers a broad array of financial services and
products including retail banking, business and corporate banking, cash
management, capital markets, wealth management and insurance. Sovereign is
the 18th largest banking institution in the United States. For more
information on Sovereign Bank, visit http://www.sovereignbank.com or call
1-877-SOV-BANK.
Sovereign Bank, its logo and lantern are service marks of Sovereign
Bank or its affiliates or subsidiaries in the United States and other
countries.
SOURCE Sovereign Bank
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Related links:
http://www.sovereignbank.com
CONTACT:
JD Chesloff, Massachusetts Business
Roundtable, +1-617-728-0881; or Ellen Molle, Sovereign Bank,
+1-617-757-5573
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