NBT Bancorp completes CEO succession; Kingsley named CEO, Watt named Vice Chairman
NBT BANCORP INC
Scott Kingsley appointed President and CEO of NBT Bancorp and NBT Bank, succeeding John Watt.
Joseph Stagliano promoted to President of NBT Bank; Annette Burns to EVP and CFO; Shauna Hyle to EVP Retail Community Banking.
Kingsley employment agreement sets base salary at $800,000; Burns at $400,000; Stagliano at $530,000.
John Watt receives transition salary of $440,000 through Jan 2025; life insurance benefit raised to $1M; SERP monthly benefit increased by $6,824.
Shareholders approved 2024 Omnibus Incentive Plan, elected all director nominees, and ratified KPMG as auditor; Q2 dividend of $0.32 per share declared.
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