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In particular, the board appointed Salvatore Rinaldi as executive vice president and chief of staff, and Marshall Soura as executive vice president and director of corporate services.
In addition, the board has elected Joseph P Campanelli as CEO and chairman to replace Thomas J Hammond, who retired on 22 October.
Mr Rinaldi has occupied various executive positions at Sovereign Bancorp since August 1998. He has been in charge of all acquisitions and integrations and major initiatives for the bank as well as the supervision of the IT, operations and administrative functions.
Mr Soura, who has over 40 years of banking industry experience having served at Sovereign Bank, Bank of America and BankOne, will be responsible for product development and strategic alliances.
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