Executive Changes

NEW ENGLAND

Webster Financial Corp. in Waterbury, Conn., has hired Summit Bancorp veteran William J. Healy as chief financial officer.

FleetBoston Financial Corp. bought Summit last month.

Mr. Healy had been the CFO of the Princeton, N.J., company for three years, and before that its controller for four. Before joining Summit in 1973 he had been a senior accountant at KPMG Peat Marwick in New York.

Mr. Healy, 56, who was also named an executive vice president at Webster, succeeded Joseph Carlson, who had been the $11 billion-asset company's acting CFO on a consulting basis since John Brennan died last May. Mr. Brennan had been CFO since 1990.

MIDWEST

ABN Amro North America Inc. in Chicago has named Marty Penstein as its chief domestic treasury officer and promoted new role, Mr. Penstein, 58, manages wholesale funding, investments, and hedgings at LaSalle Bank in Chicago, European American Bank in New York, Standard Federal Bank in Troy, Mich., and the municipal bond department at ABN Amro Financial Services.

He remains an executive vice president at LaSalle and the manager of CD distribution and trading activities in its broker-dealer division, a job he has held since 1993.

Mr. Penstein joined ABN Amro in 1983 as a senior vice president and the treasurer of its New York office. Before that he had managed domestic and foreign funding and trading activities in New York at the Brussels-based Kredietbank NV (since absorbed by KBC Bank NV). He began his banking career as a management consultant at Chemical Banking Corp., now J.P. Morgan Chase & Co.

He reports to Harrison F. Tempest, chairman and CEO of ABN Amro North America.

Mr. Goldstein, 42, had been a group senior vice president in the finance division since he joined ABN Amro in 1998. He worked in profit enhancement, management reporting, and cost accounting.

Before that he had worked in treasury, investor relations, and financial operations for a year at Morgan Stanley Dean Witter & Co. and for nine years at Morgan Stanley & Co. Still earlier he had worked in mergers and acquisitions for a year at Manufacturers Hanover Trust Co. in New York, later absorbed by Chemical; and before that for three years at Pfizer Inc. in New York.

He now reports to Thomas C. Heagy, chief financial officer of ABN Amro North America.

WEST

Mellon Financial Corp. in Pittsburgh said W. Scott Sanford will become chairman and CEO next month of Mellon West, succeeding Keith P. Russell, who will retire.

The Los Angeles-based division coordinates Mellon's business in the western states.

Mr. Sanford has been a senior vice president and the manager of the securities and investment management and the energy services groups in Mellon's large corporate relationships department since 1999.

Before that he had been the manager of Mellon's global insurance group. He joined the company in 1992 and has 10 years of commercial banking experience.

Mr. Sanford will report to Martin G. McGuinn, Mellon's chairman and CEO.

Reporting to him in turn will be Quinn R. Stills, who next month will take the newly created job of president of Mellon West.

Mr. Stills will remain the West Coast senior equity portfolio manager and the manager of the Los Angeles office at Boston Company Asset Management, where he has worked since 1990. (Mellon bought Boston Co. in 1993.)

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