Updated March 30 at 6:25pm

Sherman joins BCBSRI board


PROVIDENCE – Merrill W. Sherman, principal at Sherman Consulting LLC and former president and CEO of Bank Rhode Island, has been named as the newest member of the Blue Cross & Blue Shield of Rhode Island board of directors.

“The appointment of Merrill Sherman to our board speaks to the board’s commitment to inviting not just astute business leaders, but members who are deeply involved and committed to the Rhode Island community,” Peter Andruszkiewicz, president and CEO of Blue Cross, said in a statement. “We are very grateful for Merrill’s willingness to join our board.”

Sherman, who has more than 25 years of “top level corporate experience,” will sit on both the insurer’s finance committee and the health, market and strategic initiatives committee.

“She brings a track record of visionary leadership, strong financial performance and the ability to build exceptional management teams,” said a BCBSRI release.

Prior to her current position at Sherman Consulting, she co-founded Bank Rhode Island and its publicly traded parent company, where she worked for 16 years. She also served as president and CEO of two other community banks in New England.

Sherman has sat on a number of boards, including The Providence Journal Co., Rhode Island School of Design, Crossroads Rhode Island, and Johnson & Wales University.

In 2012, Providence Business News honored Sherman for overall career achievement in its Business Women awards program and in 2011, PBN named Sherman one of Rhode Island’s 25 Most Influential Business Leaders in the past 25 years.


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