Webster Financial (WBS) in Waterbury, Conn, said its president and chief operating officer will step down at the end of the month.

Gerald Plush plans to resign to pursue other career opportunities, the $20 billion-asset company said Monday. Webster did not name a successor.

Plush joined Webster in 2006 as chief financial officer, and has held several other roles before becoming COO in 2011. From 1995 through 2006, he worked for MBNA America in Wilmington, Del.

Plush "has made many important contributions in increasingly responsible roles, becoming only the fourth president in our 78-year history," Webster Chairman and Chief Executive James Smith said in a press release. "I've enjoyed a close working relationship with him and have always admired his remarkable energy and creative leadership in relentless pursuit of our strategic goals."

Webster named a new personal-banking head in August. In May, private-equity firm Warburg Pincus sold its 10% stake in Webster.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.