Daily News: September 9, 2013

Rockland Trust Appoints COO


Rockland Trust, the commercial bank subsidiary of Independent Bank said it has appointed Denis K. Sheahan as its chief operating officer. In his new role, Sheahan will 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 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 CEO of Independent Bank 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 and Rockland Trust announced other organizational changes: the appointment of Robert D. Cozzone as the chief financial officer and Treasurer of Independent Bank and Rockland Trust, reporting to Sheahan; the appointment of Barry H. Jensen as the chief information officer of Rockland Trust, also reporting to Sheahan; and, the appointment of Mark J. Ruggiero as the controller and principal accounting officer of Independent Bank and Rockland Trust, reporting to Cozzone.

Sheahan has worked at Rockland Trust for 17 years and served as the chief financial officer of Rockland Trust and Independent Bank since 2000.

Cozzone has worked at Rockland Trust for 15 years and served as the Treasurer of Rockland Trust and Independent Bank since 2008. Cozzone’s past duties have included interest rate risk management, capital strategy oversight, asset/liability management, financial reporting, budget preparation and financial forecasting oversight, profitability analyses, and merger and acquisition modeling.

Jensen has worked at Rockland Trust for 15 years, serving as its controller since 2000 and as the principal accounting officer of Rockland Trust and Independent Bank since 2008.

Ruggiero has been the assistant controller of Rockland Trust for four years. Ruggiero is a CPA who worked for Vitale, Caturano, and Company (now McGladrey) for ten years prior to joining Rockland Trust.