Beacon Financial Appoints Sean A. Gray as CEO Succeeding Paul Perrault

Key Facts

1Beacon Financial's Board appointed Sean A. Gray as CEO of the Company and the Bank, effective September 21, 2026.

2Former CEO Paul A. Perrault retired after a five-decade career and will remain as a consultant for one year to support the transition.

In a move reflecting the execution of a formal succession plan, Beacon Financial's Board of Directors has appointed Sean A. Gray as CEO of both the Company and the Bank, effective September 21, 2026. Gray succeeds Paul A. Perrault, who is retiring following a distinguished five-decade career in the financial sector. According to reports, Gray will also join the Board of Directors as part of his new leadership responsibilities.

This leadership transition is the result of a structured planning process conducted by the Board's Corporate Governance and Nominating Committee to ensure operational stability. Former CEO Paul Perrault will remain with the firm as a consultant for one year to support the transition and maintain strategic continuity. The company currently manages $22.3 billion in assets across its branch network in New England and New York.

Regarding market performance, BBT stock stood at $30.83 at the close of September 18, 2026, with a daily trading range between $30.5 and $30.95. As Gray officially assumes his role today, September 21, 2026, investors will be watching the new leadership's ability to maintain profitability levels, following the company's previously reported net income of $64.4 million.