A Webster Bank branch in Boston, Massachusetts. Commercial Record file photo

Stamford-based Webster Bank announced this week that longtime chief financial officer Glenn MacInnes is planning to retire.

MacInnes has been with the bank for 13 years, and will remain in place until a successor is found. He’ll also continue in an advisory role until the transition to a new CFO is complete, the bank said.

“Glenn’s contributions as CFO have helped transform Webster into one of the best-performing regional banks in the nation. During his tenure, Glenn spearheaded several initiatives aimed at improving profitability and operational efficiency. As a result, today Webster is on strong financial footing and is well-positioned for long-term value creation as we continue helping clients achieve their goals,” chairman and CEO John Ciulla said in a statement. “We have initiated a robust search process, looking at both external and internal candidates, to find Glenn’s successor.”

The bank said it had hired executive search firm Spencer Stuart to lead the recruiting process.

“It has been an honor to work alongside such a talented group of people, and I am proud of all that we have accomplished together,” MacInnes said in a statement. “When I first joined Webster in 2011, the Company had just begun a network transformation to reduce costs, overhaul branches, and focus more effort toward digital services. Today, Webster is a leading commercial bank with diverse businesses, a strong capital position and solid risk management framework that enables the Company to deliver for clients in all operating environments. I look forward to watching the Company’s continued success as it executes its strategic and financial initiatives and supporting the appointment and onboarding of a new CFO.”