CDS Life Transitions’ Board of Directors member Richard Ferrari, vice president, commercial banking officer at Community Bank NA, will serve as interim chair to complete Mark Peterson’s term as board chair through the end of 2017.
Peterson has held this position since 2010, and Ferrari’s role as chairman is expected to become permanent when elections are held in December.
“We are very grateful to our dear friend and colleague Mark Peterson for his contributions to CDS Life Transitions over the past years, and wholeheartedly welcome Rich Ferrari as the interim chairman, a potentially permanent position, of our board as he completes Mark’s term,” said Sankar Sewnauth, president and CEO of CDS Life Transitions. “CDS Life Transitions is a $130 million-plus organization and one of the largest, most innovative not-for-profits in our region. It takes a compassionate, strategic and accountable chairman to keep our organization at the forefront of industry changes, conversations and trends. We saw this with Mark, and I am confident that under Rich’s leadership and direction, we will continue to grow as the entrepreneurial, thriving and innovative organization that CDS Life Transitions is. We will always serve our mission and give back, just as we have since day one. It’s what we do.”
Ferrari has served as a board member with CDSLT since 2000. Most recently, he was chairman from 2006 to 2010, vice chairman from 2003 to 2006 and sat on the executive committee since 2002. As interim chairman, he will be responsible for leading all governance functions for the board and executive committee, approve policies to ensure compliant governance and management of the organization, and partner with Sewnauth to lead all development and growth efforts at CDSLT.
“Because Rich served as our board chair for four years starting in 2006, he will step right back in this role, finish out Mark’s term strong,” said Sewnauth.
With more than 30 years of leadership experience in the commercial banking industry, he earned his Bachelor of Arts and his Master of Science in social science education from SUNY Oneonta. In addition, he holds a master’s degree in U.S. history from Columbia University and a Master of Business Administration in financial management from Iona College. He resides in Fairport with his wife, Geralyn.
“I echo Sankar’s remarks regarding Mark serving as a great friend and colleague,” said Ferrari. “Mark contributed greatly to the success, growth and spirit of CDS Life Transitions. We will sorely miss him. It’s a great honor to be returning to the board leadership role at CDS to continue the success and mission for this fantastic organization.”