New Britain’s American Savings Foundation said it has chosen its chief operating officer to be its next president and CEO.
Maria Falvo has worked since 2000 for the private foundation, which uses its $85 million endowment to provide grants to education, human services and the arts organizations with an emphasis on the needs of youth and families.
Falvo will succeed David Davison, who is retiring at the end of this year.
American Savings Bank, which was later bought by what is now TD Bank, created the foundation in 1995.
Falvo was hired by the bank in 1998 as director of communications and public relations, before moving to the foundation two years later.
The Newington resident previously worked for Walt Disney Studios in California and for TED Conferences in Rhode Island. She is board treasurer of the National Scholarship Providers Association and has a master’s degree in communications from Central Connecticut State University and an MBA in finance from UConn.
