The Board of Directors of Bar Harbor Bankshares, the parent company of Bar Harbor Bank & Trust, announced May 16 the selection of Curtis C. Simard of TD Bank as the next president and CEO of Bar Harbor Bankshares and its wholly owned subsidiary Bar Harbor Bank & Trust.

Simard’s selection follows the previously-announced planned retirement of Joseph M. Murphy scheduled for the end of June. Murphy has served as the CEO of BHB since 2002.

“After a wide and careful search, we are very pleased to welcome Curtis Simard to lead our management team. He brings with him a reputation for excellence in leadership and team building. In particular he possesses extensive experience in developing portfolios of high quality assets at many levels throughout the New England region and is well-versed in the challenges of balancing growth and quality. He has managed strategic growth initiatives into new markets and has significant experience harnessing commercial, retail and wealth management platforms into collaborative business development teams. These skills and experiences will be crucial to BHB’s future success in the competitive banking environment we find ourselves navigating today. BHB has enjoyed a decade of remarkable success under Joe Murphy’s leadership, which has rewarded our shareholders, our customers and our employees. We are confident that Curtis will continue to build on Joe’s strong leadership record for the future," said Chairman Peter Dodge in a news release, speaking on behalf of the board of directors.

Simard will assume his position as President and CEO of Bar Harbor Bank & Trust June 17 and will assume the position of president and CEO of BHB Aug. 10. Murphy will continue as president and CEO of BHB until Aug. 9. Murphy has been nominated for re-election as a member of the BHB Board of Directors at the BHB Annual Meeting May 21 and if elected, will serve until the next BHB Annual Meeting in 2014.

Simard, 42, joins BHB from TD Bank where he most recently served as senior vice president and managing director of corporate banking. Simard has been with TD Bank and its predecessor companies since 2002. During that time he has focused on developing commercial banking and related cross-selling strategies for a number of East Coast geographies and market segments, including a recent focus upon New England and upstate New York.

Prior to joining TD Bank, Simard was affiliated with First New Hampshire Bank and its successor, Citizens Bank, from 1992 to 2002 where, after serving in a number of progressively responsible capacities, he led various business initiatives, including the development of the New Hampshire and Maine commercial banking markets.

A native of Saco, Simard graduated from the University of New Hampshire with a bachelor's degree in economics. Simard and his wife, Laurel, live with their two daughters in Hampton, N.H. and will be relocating to the Mount Desert Island area during the next few months.