An announcement from Northwest Bancshares (NWBI) is now available.
Northwest Bancshares, Inc. has named Douglas M. Schosser as its new Chief Financial Officer, effective March 18, 2024, bringing his expertise from KeyCorp, where he served as Chief Accounting Officer since 2015. Schosser’s employment agreement guarantees a $600,000 base salary, company benefit plan participation, and significant severance terms, including a potential lump-sum payout and extended benefits under certain termination conditions. This strategic appointment promises to steer Northwest Bancshares with financial acumen and stability, aligning with the company’s growth and governance goals.
Learn more about NWBI stock on TipRanks’ Stock Analysis page.
