Northwest Bancshares, Inc. And Northwest Bank Name Douglas M. Schosser Chief Financial Officer, Effective March 18, 2024.
Portfolio Pulse from Benzinga Newsdesk
Northwest Bancshares, Inc. (NASDAQ:NWBI) announced Douglas M. Schosser as the new Chief Financial Officer, effective March 18, 2024. Schosser, with extensive experience including roles at Key Corporation Bank and Victory Capital Management, will replace William W. Harvey, Jr. and work alongside him through 2024 for a smooth transition. Schosser's appointment is part of Northwest Bank's ongoing transformation, emphasizing investments in digital and commercial growth while maintaining its foundational strength and stability.
February 26, 2024 | 9:04 pm
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Douglas M. Schosser's appointment as CFO of Northwest Bancshares, Inc. (NWBI) signals a strategic move towards strengthening the company's financial leadership and supporting its transformation and growth objectives.
The appointment of a CFO with Schosser's extensive background in financial management and transformation at significant financial institutions suggests a positive outlook for NWBI's strategic financial planning and execution. His experience in finance transformation, mergers and acquisitions, and diversity, equity, and inclusion initiatives aligns with NWBI's goals for growth and digital transformation. This leadership change is likely to be viewed positively by investors, potentially leading to a short-term positive impact on NWBI's stock price.
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