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Butterfield Bank – Directorate and Management Changes
Hamilton, Bermuda – 05 August, 2013 – Pursuant to BSX Regulations 6.13 (i) and 6.13 (2) (vii), the Board of Directors of The Bank of N.T. Butterfield & Son Limited (“Butterfield” or the “Bank”; Ticker: NTB.BH) advises the Bermuda Stock Exchange that Caroline Foulger was appointed a Director on 30 July, 2013, filling one of the vacancies created by the departures of Sheila Lines and Pauline Richards, who did not stand for re-election at the Bank’s May 2013 Annual General Meeting of Shareholders.
Ms. Foulger was a partner with PricewaterhouseCoopers (PwC) Bermuda from 2000 to 2012, when she retired from the partnership to take on non-executive director roles. She led PwC’s Bermuda Insurance and Reinsurance Industry practice from 2004 to 2012 and the Bermuda Government and Public Sector practice in 2011 and 2012. Ms. Foulger was appointed Chair of the Bermuda Business Development Corporation (BBDC) in April 2013. She is a Fellow of the Institute of Chartered Accountants in England and Wales, a member of the Institute of Chartered Accountants of Bermuda, and a member of the Institute of Directors. She is a graduate of the University of London.
The Board also advises that Bradley Rowse, Executive Vice President & Chief Financial Officer retired from Butterfield effective at the close of business on 31 July 2013. John Maragliano, Senior Vice President, Finance, has been named Interim Chief Financial Officer, effective 1 August 2013.
Mr. Maragliano’s joined Butterfield in 2002 as a Treasury Controller and became Head of Finance in 2005. Prior to joining the Bank, he held increasingly senior positions in public accounting firms and financial institutions both locally and in Canada, including PwC in Bermuda and in Edmonton, and Grant Thornton LLP in Vancouver. Mr. Maragliano is a Chartered Financial Analyst (CFA) and Chartered Accountant (CA) with a degree in business administration and accounting from Simon Frazer University, British Columbia.
Contact:
Shaun Morris
General Counsel & Group Chief Legal Officer
The Bank of N.T. Butterfield & Son Limited
Phone: (441) 278 5808