Russell Reynolds Completes Ceo Search For People’s United Financial

July 27, 2010 – Global executive search and assessment firm Russell Reynolds Associates has placed John P. Barnes as president, chief executive officer and a member of the board of directors at People's United Financial Inc. Mr. Barnes was also named president, CEO and a director of the company's subsidiary, People's United Bank. The company's announcement follows an extensive executive search involving internal and external candidates, which the board of directors conducted in partnership with Russell Reynolds. Mr. Barnes has served as interim president and CEO since the departure of former CEO Philip R. Sherringham in April. "We are pleased to announce that, after a very thorough search process involving numerous external candidates, the board unanimously determined that Jack is the right leader for the company in its next phase of growth," said George P. Carter, chairman. People's United Financial is a diversified financial services company with approximately $22 billion in assets. With 39 offices and more than 275 executive search professionals, Russell Reynolds Associates provides executive search services to a wide array of industries.

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