Waterstone Financial Announces Planned Retirement Of Douglas S. Gordon And Election Of William F. Bruss As Next CEO, Effective December 31, 2023
Portfolio Pulse from Benzinga Newsdesk
Waterstone Financial, Inc. (NASDAQ:WSBF) announced the planned retirement of its CEO, Douglas S. Gordon, effective December 31, 2023. Gordon will continue to serve on the Board of Directors of the Company and its subsidiaries. The company also announced the election of William F. Bruss, the current President of the Company, as the next CEO effective January 1, 2024.
July 25, 2023 | 8:27 pm
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NEUTRAL IMPACT
The planned retirement of CEO Douglas S. Gordon and the appointment of William F. Bruss as the next CEO could lead to potential changes in the company's strategic direction.
CEO changes can often lead to shifts in company strategy, which could impact the company's performance. However, as Bruss is an internal appointment and already serves as the President, the transition might be smooth and the strategic direction may remain consistent.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100