Rockland Trust Company, the commercial bank subsidiary of Independent Bank Corp. (NASDAQ: INDB), has appointed Denis K. Sheahan as its Chief Operating Officer. In his new role Mr. Sheahan will use Rockland Trust’s business intelligence capabilities to assist business units in growing and deepening customer relationships and improving the quality and cost of service delivery. The Chief Financial Officer and Chief Marketing Officer will now report to Mr. Sheahan, who will retain existing oversight responsibilities for residential mortgage, corporate compliance and risk management, municipal services, information technology, loan operations, and facilities.
“I am extremely pleased to have Denis Sheahan, a disciplined and talented executive who has been an integral part of our success, take on a new position and additional responsibility,” said Christopher Oddleifson, President and Chief Executive Officer of Independent Bank Corp. and Rockland Trust. “Maximizing the value of our existing business intelligence capabilities is a key Rockland Trust priority. We are fortunate to have Denis, and other seasoned and talented colleagues, ready to assume new roles to assist with growing and deepening customer relationships while improving the quality and cost of our service.”
Independent Bank Corp. and Rockland Trust also today announced other organizational changes: the appointment of Robert D. Cozzone as the Chief Financial Officer and Treasurer of Independent Bank Corp. and Rockland Trust, reporting to Mr. Sheahan; the appointment of Barry H. Jensen as the Chief Information Officer of Rockland Trust, also reporting to Mr. Sheahan; and, the appointment of Mark J. Ruggiero as the Controller and Principal Accounting Officer of Independent Bank Corp. and Rockland Trust, reporting to Mr. Cozzone.
Mr. Sheahan has worked at Rockland Trust for 17 years and served as the Chief Financial Officer of Rockland Trust and Independent Bank Corp. since 2000. Mr. Sheahan, who is 48 years old, is a graduate of the Cork Institute of Technology, Cork, Ireland and received a Masters in Business Administration from Boston University.