Release date: January 25, 2024
Hyannis, MA – Cape Cod 5 recently announced that Laura Newstead, Chief Human Resources Officer, has been promoted to First Executive Vice President. In her role, Laura oversees all aspects of human resources, including talent management, learning & development, and benefits & compensation programs. She has also built Cape Cod 5’s nationally recognized summer intern program, hiring more than 50 interns each summer and introducing them to a career in banking with a full program of personal and professional development initiatives.
“Laura is a critical member of the Executive Team, leading efforts to sustain a top workplace culture at Cape Cod 5 where all employees can grow and develop, while ensuring the Bank provides best-in-class benefits to support our colleagues as a team and as individuals,” said Matt Burke, Chairman & CEO of Cape Cod 5. “Laura and her team have helped recruit, onboard and continue to develop and coach our talented team of employees, each of whom plays a role in our ability to carry out our mission. Laura continues to honor and further our commitment to employee wellbeing, talent management and professional development.”
Laura is actively involved in the community, banking industry and field of human resources. She serves as vice chair of the board of Cape Cod Community College, a member of the board of Calmer Choice, a member of the Cape Cod Chamber’s early education and child care taskforce, a member of the Massachusetts Bankers Association’s Women in Banking committee, and chairs the American Bankers Association’s Professional Development Council Advisory Board.
Laura earned her PhD in Organizational Leadership from Indiana Wesleyan University and a Master of Science Administration in Human Resources from Central Michigan University. Additionally, Laura holds the following professional designations: Senior Professional in Human Resources (SPHR) and the Society of Human Resources Management-Senior Certified Professional (SHRM-SCP).