Berkshire Hills Bancorp CFO David Rosato To Step Down To Pursue Other Interests; Brett Brbovic Named As Executive Vice President And CFO, Effective June 14, 2024
Portfolio Pulse from Benzinga Newsdesk
Berkshire Hills Bancorp announced CFO David Rosato will step down on June 14, 2024, to pursue other interests. Brett Brbovic, currently Chief Accounting Officer, will succeed him as Executive Vice President and CFO. Brbovic, who joined the company from KPMG LLP in 2012, previously served as Interim CFO.
May 14, 2024 | 9:06 pm
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NEUTRAL IMPACT
The transition of CFO from David Rosato to Brett Brbovic at Berkshire Hills Bancorp is a significant leadership change, but given the long notice period, it's unlikely to cause immediate stock volatility. Brbovic's experience within the company and as Interim CFO suggests a smooth transition.
Leadership changes, especially at the CFO level, can impact investor sentiment and stock price. However, the long transition period and Brbovic's previous experience as Interim CFO suggest minimal immediate impact on BHLB's stock. The company's proactive approach to this transition is likely to reassure investors.
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