Brookline Bancorp, Inc. Chief Credit Officer M. Robert Rose to Retire as Chief Credit Officer
Brookline Bancorp (NASDAQ: BRKL) announced leadership changes effective November 1, 2022. M. Robert Rose will retire as Chief Credit Officer after 13 years but will stay on as an executive officer. Mark Meiklejohn, currently President and CEO of Bank Rhode Island, will succeed him. William Tsonos will take over as President and CEO of Bank Rhode Island from Meiklejohn. The changes are aimed at ensuring continuity in credit risk management and maintaining the bank's strong performance.
- Appointment of Mark Meiklejohn as Chief Credit Officer ensures continuity in credit risk management.
- William Tsonos's promotion as President and CEO of Bank Rhode Island reflects strong leadership within the bank.
- None.
Mark Meiklejohn Will Become Chief Credit Officer of Brookline Bancorp, Inc.
William Tsonos to Become President and CEO of Bank Rhode Island
BOSTON, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Brookline Bancorp (NASDAQ: BRKL) Chairman & CEO Paul Perrault announced today three key changes affecting leadership positions at Brookline Bancorp, Inc. (the “Company”) and Bank Rhode Island, its Rhode Island subsidiary bank.
After thirteen years as the Company’s Chief Credit Officer, M. Robert Rose will retire effective November 1st. Rose will remain with the Company as an executive officer and assume a leadership position with the Company’s board and management credit committees.
“Bob’s long and successful career in credit risk management, as well as industry leadership, is well known and respected,” said Perrault. “We have all benefited from having worked with him and his friendship. With this transition we look to maintain the strong credit risk management practices that he has put into place.”
Mark Meiklejohn, currently President and CEO of Bank Rhode Island, will assume the role of the Company’s Chief Credit Officer upon Rose’s retirement.
With respect to Meiklejohn’s appointment, Perrault stated: “We are fortunate that Mark will assume the position of Chief Credit Officer and the management of the Company’s credit administration group. Mark is an experienced banking professional and will provide for strong continuity in our Company’s credit risk area.”
William Tsonos will replace Mark Meiklejohn and become President and CEO of Bank Rhode Island. Tsonos currently serves as Executive Vice President, Commercial Lending at Bank Rhode Island.
Commenting on his successor, Meiklejohn has high praise for Tsonos. “Will is an outstanding leader and banking professional. His efforts leading the commercial bank for the last 10 years, have been key to BankRI’s tremendous success and have positioned him well to take on these new responsibilities.”
M. Robert Rose joined Brookline Bank in 2009. From 2000 until 2004, Mr. Rose was the Chief Credit Risk Management Officer of Sovereign Bank, and from 2004 until 2009 he served as that Bank’s Chief Risk Officer. Prior to his tenure at Sovereign Bank, he held senior credit and risk management positions at Bank of Boston/Fleet Bank and BayBanks, Inc.
Mr. Rose has served as both Chairman of the Board of Directors and as a member of the Executive Committee of the Risk Management Association and is the former Chairman of the Board of the Risk Management Association Foundation, a not-for-profit organization whose mission involves the development of banking curriculum and education, and granting scholarships and grants to undergraduate and graduate students entering the banking industry.
Mark J. Meiklejohn has been President and CEO of Bank Rhode Island and a member of its Board of Directors since 2012. He joined the Bank in 2006 as Director of Commercial Banking, and in 2008 became the Bank’s Chief Lending Officer. Meiklejohn came to Bank Rhode Island from Citizens Bank where he was a Senior Vice President in Middle Market Lending. He began his career at Fleet Bank in 1985.
A lifelong Rhode Island resident, Meiklejohn is active in various industry groups, including the Rhode Island Banker’s Association, the Rhode Island Public Expenditure Council and the Providence Foundation. He and his family live in Wakefield.
Will Tsonos has been with Bank Rhode Island since 2006. Most recently, as Executive Vice President, Commercial Lending, he has been responsible for growing the Bank’s commercial loan portfolio and commercial deposits. Before joining Bank Rhode Island, he was a Senior Vice President for Middle Market Lending at Citizens Bank. Tsonos is a Governor of The Miriam Hospital Foundation and is Vice Chairman of the Woonsocket (Rhode Island) Investment Board. He is a resident of Woonsocket.
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Brookline Bancorp, Inc., a bank holding company with approximately
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