Russell Reynolds Associates To Lead CEO Search For People’s United

May 3, 2010 – Global executive search and assessment firm Russell Reynolds Associates has been retained by People's United Financial Inc. to lead in its search for a new president and CEO. Outgoing CEO, Philip R. Sherringham, has resigned by mutual agreement with the board of directors from the company; the company’s stock price has been stagnant for several years now. People's United Financial is a diversified financial services company with approximately $22 billion in assets, provides consumer and commercial banking services through its subsidiary, People's United Bank, with nearly 300 branches in Connecticut, Vermont, New Hampshire, Massachusetts, Maine and New York.

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