Leadership & Pay ·
Beacon Financial appoints COO Sean A. Gray to succeed retiring CEO Paul A. Perrault
BBTBeacon Financial Corp
Beacon Financial Corporation announced that Paul A. Perrault will retire as President and Chief Executive Officer of the Company and its subsidiary, Beacon Bank & Trust, effective September 21, 2026. Concurrently, the board appointed Sean A. Gray, currently serving as Chief Operating Officer, to succeed Mr. Perrault in both executive and director roles. Mr. Perrault will provide consulting services for twelve months following his retirement under a new agreement that includes a monthly fee of $120,000, payment of his 2026 annual bonus based on actual performance, and continuation of certain benefits. This leadership transition follows the merger between Brookline Bancorp, Inc. and Berkshire Hills Bancorp, Inc., which created Beacon Financial Corporation in 2025. The company operates as a regional bank holding company providing commercial, retail, and wealth management services.