New Hampshire Thrift Bancshares Inc. in Newport said Monday that its chief executive, Stephen W. Ensign, is stepping down and that its president and chief operating officer will take over this role.
Stephen R. Theroux, who is also the vice chairman, will become CEO on June 1. Theroux, who joined the company in 1987 as chief financial officer, will continue to serve as president and vice chairman.
On June 1, Ensign, who is also currently chairman, will assume the newly created role of executive chairman, the $1 billion-asset parent company for Lake Sunapee Bank said. He will remain with the company through the end of 2014 when, he will retire.