COLUMBUS, Ohio, Feb. 26,
2024 /PRNewswire/ -- Northwest Bancshares, Inc.
(Nasdaq: NWBI) and its wholly-owned subsidiary Northwest Bank
announced today that Douglas M.
Schosser has been appointed Chief Financial Officer,
effective March 18, 2024. He
will replace William W. Harvey, Jr.,
who announced his retirement last fall. Mr. Schosser will
work alongside Mr. Harvey through 2024 to ensure a smooth
transition of duties.
In his new role as Chief Financial Officer, Mr. Schosser
will be a key member of Northwest's executive leadership team,
overseeing all financial management of Northwest Bank and a team
across treasury, financial planning, accounting, reporting and tax,
as well as facilities and enterprise project management.
Reporting directly to the company's President and CEO
Louis Torchio, Mr. Schosser will
leverage his extensive knowledge and experience to help drive the
bank's continuous transformation and strategic objectives.
Mr. Schosser brings a wealth of experience and expertise to his
new role, previously serving as Chief Financial Officer for Key
Corporation Bank and Victory Capital Management (VCM), responsible
for financial management, planning and forecasting for the bank and
VCM and their primary segments, KeyBank Real Estate Capital,
KeyBanc Capital Markets, Key Equipment Finance and Public
Sector. Mr. Schosser also served as Executive Vice President
and Line of Business Chief Financial Officer for Associated Bank
Corp (ASBC) in Green Bay, WI,
serving on the Executive Committee and Board of Directors of
Associated Bank, NA while providing financial support for Retail,
Commercial and Corporate Banking, as well as Wealth Management.
Most recently, he served as Executive Vice President and Chief
Accounting Officer of KeyCorp. In this role, he led a team of
200 employees and oversaw SEC Reporting, Accounting Policy and
Research, Accounts Payable, Fixed Asset Accounting and Operational
Balance and Control. During this time, he also led the bank's
financial transformation to migrate finance and accounting
platforms to cloud-based solutions while reimagining processes to
increase efficiency and leveraging financial data to drive
insights.
"Today, Northwest Bank is in the midst of a company-wide
transformation, balancing steady growth through investments in
digital and commercial with the strong foundation of strength and
stability that's been built over the company's long history," said
Mr. Schosser. "I look forward to collaborating with the team
to help drive their vision forward to benefit our employees,
customers and communities while delivering value for our
shareholders."
Northwest Bank's leadership team is pleased to welcome Mr.
Schosser's broad financial background and experience across key
areas. "The addition of Mr. Schosser emphasizes our commitment to
excellence in leadership, and we are excited to welcome him to the
team," said Mr. Torchio. "His longstanding background and
experience across key areas, particularly finance transformation,
mergers and acquisitions and diversity, equity and inclusion, will
strengthen our team. I look forward to working with him to
achieve continued growth and success."
Mr. Schosser holds a Bachelor of Science degree in Accountancy
from Miami University in Oxford, Ohio. He and his wife, Robin, will
relocate to Columbus, Ohio.
About Northwest
Headquartered in Columbus, Ohio, Northwest Bancshares, Inc. is
the bank holding company of Northwest Bank. Founded in 1896 and
headquartered in Warren,
Pennsylvania, Northwest Bank is a full-service financial
institution offering a complete line of business and personal
banking products, as well as treasury management solutions and
wealth management services. Northwest currently operates 134
full-service community banking offices and eight free standing
drive-through facilities in Pennsylvania, New
York, Ohio and Indiana. The common stock of Northwest
Bancshares, Inc. is listed on the NASDAQ Global Select Market
("NWBI"). Additional information regarding Northwest Bancshares,
Inc. and Northwest Bank can be accessed on-line at
www.northwest.com.
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SOURCE Northwest Bancshares, Inc.; Northwest Bank