Business
Northwest Bancshares, Inc. Announces Board of Directors Leadership Transition
COLUMBUS, Ohio, May 12, 2025 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest") (Nasdaq: NWBI), today announced a change in its board of directors as
About this update from Northwest Bancshares, Inc.
[{"type":"text","content":"COLUMBUS, Ohio, May 12, 2025 /PRNewswire/ -- Northwest Bancshares, Inc. (\"Northwest\") (Nasdaq: NWBI), today announced a change in its board of directors as part of a leadership transition. As a result of his impending retirement from the board of directors in 2026, Timothy B. Fannin has stepped down as Board Chair, and has been succeeded by Vice Chair Timothy M. Hunter.\n\n \n \n \n \n \n \n\n \nTimothy M. Hunter appointed Non-Executive Chairman at Northwest Bancshares, Inc.Mr. Fannin joined the board in 2013 and was appointed Non-Executive Chairman in 2022. Mr. Hunter joined the Board in 2015, was appointed Vice Chair in 2023 and, at the company's recent annual meeting, was appointed to the Non-Executive Chairman position. \n\"On behalf of our Board, executive leadership team and Northwest team members, I'd like to thank Tim Fannin for all his contributions to the company,\" said Louis J. Torchio, President and CEO, Northwest Bancshares, Inc. \"The company is in a dramatically different place from when he joined the board in 2013. His deep financial experience and leadership has helped us make significant progress on our strategy, to where we are today, on track to becoming a Top 100 US bank by assets in late July when we expect to close on our merger with Penns Woods.\"\nFannin added, \"It has been an honor to serve as Chairman of Northwest Bancshares, Inc. I am proud of all that the company has accomplished, working to deliver against its strategic growth plan, including largest acquisition in the company's history, and building on its rich heritage of customer-focused, community banking. With a talented team in place and the company solidly executing on its organic and inorganic growth strategy, it is the right time to transition Board leadership.\"\nHunter commented, \"It has been a privilege to serve on the Board with Tim since I joined in 2015. Under his leadership, the company has made great progress. As Chairman, I look forward to working with Lou and his executive leadership team to continue moving the company forward, and capitalizing on opportunities aligned with our strategy for sustainable, responsible, and profitable growth.\"\nTorchio concluded, \"Having served the past two years as Northwest's Vice Chair, and as former Chair of the Bank's Compensation Committee, coupled with his business and financial experien...