CWB announced three new appointments to its executive team following the planned retirements of Randy Garvey, executive vice president of Corporate Services, and Greg Sprung, executive director of business development.

First, Stephen Murphy was appointed executive vice president of Banking. Murphy, who joined CWB in March, is responsible for CWB’s business and personal banking, product development, marketing, equipment financing and corporate lending. He will also oversee CWB’s specialized finance businesses CWB Optimum Mortgage, National Leasing, CWB Maxium Financial and CWB Franchise Finance.

“Stephen brings extensive relevant experience, excellent leadership capabilities and a proven ability to deliver on business objectives,” said Chris Fowler, president and CEO of CWB. “We’re very excited to bring him on board to support our established commercial banking strategy, as well as the complementary growth of personal banking and wealth management.”

In addition to Murphy’s appointment, Darrell Jones was named executive vice president and chief information officer, while Glen Eastwood was appointed executive vice president of Business Transformation.

Garvey and Sprung will support CWB’s transition until August 31.