Borgen Named to Eastern Bank Board of Directors

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Eastern Bank, a full-service commercial bank headquartered in Boston, announced today that it has added Luis A. Borgen, Chief Financial Officer at DAVIDsTEA, to its Board of Directors.

“Eastern Bank is very pleased to add Luis to our Board of Directors,” said Richard E. Holbrook, Eastern’s Chairman and Chief Executive Officer. “Luis is an impressive CFO with a strong background in consumer and retail businesses that will strengthen our Board and leave us well-positioned to better serve the people and businesses of New England.”

Borgen spent 13 years at Staples where he ascended to divisional CFO for all U.S. stores, followed by two years as CFO of DaVita Health Care Partners, a large cap, publicly-traded, multi-site dialysis/healthcare services company. For the past four years, he has served as CFO of DAVIDsTEA, where he successfully completed an IPO and continues to drive significant growth in new stores and profitability.

Borgen grew up in Nicaragua and immigrated with his family to Miami at the age of six.  He is a graduate of the U.S. Air Force Academy and earned his M.S. degree in Finance from Boston College and M.B.A. from the University of Chicago Booth School of Business.