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 Jay
S. Sidhu,
Chairman, President and CEO,
Sovereign Bancorp and Sovereign Bank
Jay
S. Sidhu was named chairman in April of 2002, and has been
president and chief executive officer of Sovereign Bancorp,
Inc., and Sovereign Bank, since 1989. Prior to joining Sovereign
in 1986 as vice chairman and chief operating officer, he held
management positions at Independence Bancorp, Inc., Bucks County
Bank, and Chemical Bank, NJ.
Under Mr. Sidhu's stewardship,
Sovereign has grown from a local savings bank with a few
hundred million in assets into a $40 billion super-regional
banking institution. Currently, Sovereign is among the 25
largest banking institutions in the country. In January of
2002, Sovereign was named to The Forbes Platinum 400, a
prestigious list of 400 companies that the financial magazine
considers to "have the best balance of long- and
short-term financial performance."
Mr. Sidhu has been recognized
as Financial World's CEO of the Year and was a 1996 Turnaround
Entrepreneur of the Year, Berks Chamber of Commerce Large
Business Leader of the Year, and Caron Foundation's Citizen of
the Year. He has a MBA from Wilkes University and has
completed numerous education development programs including
the Presidents' Course at Harvard Business School. Mr. Sidhu
also serves on several corporate, educational, and community
boards and has also been a speaker on Emotional Intelligence
and Leadership at several conferences in the United States and
abroad. Active in supporting education, he has helped his Alma
Mater, Wilkes University, establish the Jay S. Sidhu School of
Business and Leadership with a goal of becoming one of the
prominent business and leadership development schools in
northeastern United States.
Sovereign Bancorp, Inc., headquartered in Philadelphia,
Pennsylvania, is the parent company of Sovereign Bank, a $40
billion financial institution with approximately 530 community
banking offices, over 1,000 ATMs and about 7,500 team members
in Connecticut, Massachusetts, New Hampshire, New Jersey, New
York, Pennsylvania, and Rhode Island.
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