PITTSFIELD â For the first time since it went public 21 years ago, Berkshire Bankâs parent company has gone outside the firm to hire a new CEO.
After a nationwide search, the board of directors Monday appointed Nitin J. Mhatre as president and CEO of Berkshire Hills Bancorp Inc. and CEO of Berkshire Bank. Berkshire Hills became a publicly traded company in 2000.
Mhatre, who most recently served as executive vice president of community banking at Webster Bank in Waterbury, Conn., assumes his new duties at Berkshire on Friday. He replaces former President and CEO Richard Marotta, who resigned abruptly without explanation Aug. 10.