Business
PEOPLES BANCORP INC. ANNOUNCES PLANNED RETIREMENT OF CHUCK SULERZYSKI AND ELECTION OF TYLER WILCOX AS NEXT CEO
MARIETTA, Ohio, July 11, 2023 /PRNewswire/ -- Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) today announced that Chuck Sulerzyski, 66, has notified Peoples
About this update from Peoples Bancorp Inc.
[{"type":"text","content":"MARIETTA, Ohio, July 11, 2023 /PRNewswire/ -- Peoples Bancorp Inc. (\"Peoples\") (Nasdaq: PEBO) today announced that Chuck Sulerzyski, 66, has notified Peoples of his intention to retire as President and Chief Executive Officer (\"CEO\") of each of Peoples and Peoples' banking subsidiary, Peoples Bank, effective March 31, 2024. He also intends to retire from the Boards of Directors of Peoples and Peoples Bank on that same date. Peoples also announced today that Tyler Wilcox, 44, will become the next President and CEO of each of Peoples and Peoples Bank, and will be elected as a director of each of Peoples and Peoples Bank, effective April 1, 2024, filling the vacancy created on each Board of Directors by Sulerzyski's retirement.\nSulerzyski joined Peoples as President and CEO in April 2011. Under his leadership, Peoples has grown from $1.8 billion in total assets as of March 31, 2011, to approximately $8.8 billion in total assets following Peoples' merger with Limestone Bancorp Inc. as of the close of business on April 30, 2023. Sulerzyski has developed a strong culture at Peoples, where the motto is \"Working Together. Building Success.\" Under his leadership, Peoples has established itself as a high performing community bank and an employer of choice in its markets.\nWilcox, who has been an employee of Peoples since 2008, will serve in the position of Senior Executive Vice President, Chief Operating Officer, of each of Peoples and Peoples Bank in a transitional role and succeed Mr. Sulerzyski upon his retirement. Wilcox has served in a variety of executive positions with Peoples and its subsidiaries over his 15 years with the organization. Since October 2020, he has served as Executive Vice President, Community Banking, of both Peoples and Peoples Bank, where he has been responsible for Peoples Bank's business lines, including commercial banking, equipment leasing, insurance premium finance, consumer lending, retail and small business banking, trust and investment services, and insurance. A search is currently underway for Wilcox's successor as Executive Vice President, Community Banking.\n\"It has been my great privilege to serve as the leader of Peoples the past 12 years,\" said Sulerzyski. \"I am proud of the organization we are today and the impact that we have had on our clients and our communities. And I am thrilled that...