Waterstone Financial Expands Board of Directors
Waterstone Financial, Inc. has announced an exciting development that will enhance its governance and leadership team. The company, which is the parent company of WaterStone Bank, has recently elected two talented individuals to its Board of Directors. This strategic decision is aimed at bolstering the organization’s capabilities and community engagement.
Welcoming New Members
Effective July 22, 2025, Molly Mulroy and Laura Piotrowski will join the Board of Directors of both WaterStone Bank and Waterstone Financial. This move reflects the company’s commitment to infusing leadership with diverse skills and experience.
Molly Mulroy's Background
Molly Mulroy joins Waterstone Financial as the Executive Vice President and Chief Administrative Officer of WEC Energy Group, a significant player in the electric generation and natural gas delivery industry. With oversight of various departments including Human Resources and IT Services, Mulroy has a wealth of experience spanning over two decades at WEC Energy Group.
In her earlier role as Vice President and Chief Information Officer, she led initiatives crucial for enterprise-wide information technology, emphasizing cybersecurity. Mulroy's diverse experience includes significant leadership positions in Customer Service and Finance, equipping her with insights that can significantly benefit Waterstone.
Leadership and Community Engagement
Beyond her corporate expertise, Mulroy is committed to community endeavors, serving on various boards such as the Milwaukee Ballet. She holds degrees from the University of Minnesota and the University of Chicago, showcasing her dedication to lifelong learning.
Expressing her excitement about joining the board, she stated, "I am grateful for the opportunity to join the Waterstone Financial Board and excited about the opportunities ahead. I look forward to working with the Board and leadership team to further the company's mission, value, and impact.”
Introducing Laura Piotrowski
Laura Piotrowski is another exceptional addition to Waterstone Financial's board. As the CEO and President of Cavendish Vernal, a strategic advisory firm, she brings with her keys to effective business planning and executive advising. Since founding Cavendish Vernal in 2017, she has focused on guiding businesses through critical transitions.
Pearlier, Piotrowski has demonstrated her leadership acumen as the Executive Vice President at The Benefit Companies and held other prominent finance roles, including positions at Stein's Garden and Home and Robert W. Baird & Co. Her professional qualifications are backed by her education at the University of Wisconsin-Milwaukee and Marquette University, showcasing her strong academic foundation.
A Focus on Community Banking
Piotrowski’s contributions extend into community service as she actively participates in various boards, including the Ronald McDonald House Charities of Southeastern Wisconsin. According to Piotrowski, "I am honored to join the WaterStone Board of Directors and excited to contribute to this great organization. As a business owner, I understand the critical role community-focused banks play in our community.”
About Waterstone Financial, Inc.
Waterstone Financial, Inc. operates as the savings and loan holding company for WaterStone Bank, established in 1921. With a robust portfolio of financial services, WaterStone Bank is dedicated to offering personalized banking solutions. The bank has a strong presence across southeastern Wisconsin with a network of 14 branches.
As the parent company of WaterStone Mortgage Corporation, which operates nationally, Waterstone Financial is committed to supporting customers in their financial and homeownership goals. The organization's guiding principles emphasize innovation, integrity, and community service.
Enhancing Value through Leadership
With the onboarding of Mulroy and Piotrowski, Waterstone Financial is not just investing in its future; it is also enhancing its value proposition for customers, employees, and shareholders. Their proven expertise will certainly add strategic depth to the board and align with Waterstone’s mission to foster sustainable growth and community impact.
Frequently Asked Questions
What prompted the election of new board members at Waterstone Financial?
The election is part of Waterstone Financial's effort to enhance its governance and leadership capacity, introducing diverse skills through Molly Mulroy and Laura Piotrowski.
What experience does Molly Mulroy bring to the board?
Molly Mulroy brings extensive experience as EVP and CAO of WEC Energy Group, focusing on administrative services and previous strategic leadership in IT and finance.
How has Laura Piotrowski's background prepared her for the board role?
Laura Piotrowski, with her experience as CEO of Cavendish Vernal, combined with roles in leading finance, adds significant advisory expertise and strategic insight to the board.
What is Waterstone Financial, Inc.’s primary focus?
Waterstone Financial focuses on providing comprehensive banking services through WaterStone Bank, which operates with a strong commitment to community and customer needs.
How can I learn more about Waterstone Financial?
For additional information, you can visit the official website of WaterStone Bank to explore their offerings and corporate initiatives.
