StonehamBank in Massachusetts is set to have its first new CEO in nearly two decades.
The $600 million-asset bank said in a press release Wednesday Janice Houghton will retire on Nov. 9. Houghton, who is also the bank's president, has held the top posts since July 1999.
Edward Doherty, who joined StonehamBank in 2009, will succeed Houghton, who will remain the bank's chairman. Doherty has been the bank's chief sales and marketing officer since 2010.
“StonehamBank has had remarkable transformation over the past years, delivering outstanding value and service to all of our customers and Edward performed a central role in this success,” Houghton said in the release. “His expertise, commitment, and customer focus remain sharply focused on the bank’s ongoing mission and on the bank’s continuing growth in both the personal and commercial banking arenas.”
Doherty has supervised the planning and implementation of the bank’s goals, policies and organizational objectives and activities. He has also managed the bank’s sales, marketing and human resource functions.
“I am grateful for the opportunity to guide StonehamBank in the coming years and to work with the board of directors to advance the bank’s mission,” Doherty said.
“Our dedicated team has built a strong community bank that recognizes our obligation to sustain and strengthen the vitality of the community, to provide cutting-edge customer technologies, to offer personal customer service and to support civic and charitable organizations in communities we serve,” he added.
