Northwest Bancshares, Inc. (Nasdaq: NWBI) and Northwest Bank have jointly announced a retirement agreement and a consulting agreement involving Senior Executive Vice President, Chief Financial Officer, and Chief Operating Officer William W. Harvey. In 2024, Mr. Harvey will transition from his current roles, with his retirement from Northwest Bancshares and Northwest Bank and their associated boards scheduled for December 31, 2024. Following his retirement, he will continue as a consultant for the organization until December 31, 2025. These transitional periods are intended to facilitate a smooth transfer of responsibilities.
In light of this transition, Northwest Bancshares and Northwest Bank have initiated a search for a suitable candidate who will assume the role of Chief Financial Officer as Mr. Harvey’s successor. The search process will encompass both internal and external candidates and is anticipated to span four to six months.
Mr. Harvey conveyed his sentiments, stating, “It has been a privilege and a true pleasure working with the Board of Directors, leadership team, and employees of Northwest Bank for the past 27 years. I am proud of the work we accomplished in growing the Northwest organization while navigating the evolving market and economic landscapes. I am confident that Northwest is well-positioned to capitalize on future opportunities.”
Louis J. Torchio, President and Chief Executive Officer of Northwest Bancshares and Northwest Bank, expressed his appreciation for Bill’s substantial contributions to Northwest Bank over the years. Bill’s extensive experience in finance, mergers and acquisitions, operations, and strategy has been instrumental in supporting the bank’s growth. Additionally, Bill capably served as interim President and Chief Executive Officer after the passing of Ron Seiffert in 2022. The organization looks forward to Bill’s ongoing leadership and involvement in the recruitment and onboarding of the next Chief Financial Officer. Torchio acknowledged Bill’s personal decision to retire and extended best wishes to him and his spouse, Amy, for a well-deserved retirement.
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