Naugatuck-based Ion Bank has a new leader.

The bank announced last week that President David J. Rotatori has been named CEO as well. Rotatori will succeed Charles J. Boulier III, the bank’s former CEO, who retired at the end of 2018.

“I am the luckiest person I know. Few people get the support I had throughout my life. From wonderful hard working parents and siblings, to tremendous leaders in business and the community, I have been surrounded by all-star individuals guiding and pushing me in the right direction,” Rotatori said in a statement. “The best part is the opportunity to lead Ion Bank. Besides having the A-Team from top to bottom, as a mutual bank, with no wall street shareholders, our missions is to do what’s in the best interest of our customers and the community.”

Rotatori, a lifelong resident of Naugatuck, started his financial career with Naugatuck Savings Bank, which is now Ion Bank, where he worked for five years as an accounting clerk and internal auditor. Following that, Rotatori worked as a senior auditor at KPMG; vice president and assistant controller at Webster Financial Corp. and then vice president and finance officer at People’s United Bank.

He returned to Ion Bank in 2009 as senior vice president, chief risk officer and chief administration officer where he was responsible for commercial loan administration, compliance and loan review. Rotatori was named president of Ion Bank in 2017.

“The board, corporators and employees of Ion Financial, MHC and all of the affiliate companies are proud of David and all he has achieved during his time with the company. He is so deserving of this promotion and the company is fortunate to have a highly regarded banking professional, energetic executive leader and progressive strategic thinker as our next president and CEO,” Boulier said in a statement. “In 2018, utilizing his strong leadership skills, David directed the Ion Bank team in achieving the best financial results in our history while expanding into the Farmington region.”