March 25 (Reuters) -

Financial holding company Webster Financial ( WBS )

announced on Monday its Executive Vice President and CFO Glenn

MacInnes will retire.

MacInnes, who first joined the company in 2011, will step

down and continue to serve on the board until a successor is

appointed.

The company said it has initiated an extensive search

process, considering both internal and external candidates, to

identify MacInnes's successor.