Wesbanco CEO Todd Clossin retires Aug 1; Jeff Jackson named new CEO and board member

WESBANCO INC

Todd Clossin retires as President and CEO effective Aug 1, 2023, becomes Vice Chairman until Dec 31, 2023.
Jeffrey H. Jackson appointed President and CEO effective Aug 1, 2023, and elected to Board of Directors.
Jackson's employment agreement: 3-year revolving term, base salary >=$850k, eligible for incentive bonuses and restricted stock.
Clossin's amended agreement: salary ~$500k/yr through Dec 31, 2023; retirement treatment for equity awards.
Jackson joined Wesbanco in Aug 2022 as COO; previously Executive VP at First Horizon Bank.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Todd F. Clossin

President and Chief Executive Officer

WSBC · WESBANCO INC

Effective: 2023-08-01
Successor: Jeffrey H. Jackson
Filed: July 21, 2023, 7:59 PM ET

Todd F. Clossin will retire from his position as President and Chief Executive Officer of the Company effective August 1, 2023

Appointed

Jeffrey H. Jackson

Director

WSBC · WESBANCO INC

Effective: 2023-08-01
Filed: July 21, 2023, 7:59 PM ET

Mr. Jackson also has been elected to the Company’s Board of Directors effective August 1, 2023.

Appointed

Jeffrey H. Jackson

President and Chief Executive Officer

WSBC · WESBANCO INC

Effective: 2023-08-01
Filed: July 21, 2023, 7:59 PM ET

Jeffrey H. Jackson, previously the Company’s Senior Executive Vice President and Chief Operating Officer, has been appointed to serve as the Company’s President and Chief Executive Officer as of August 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd F. Clossin retired as President and Chief Executive Officer at WESBANCO INC.

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

Todd F. Clossin will retire from his position as President and Chief Executive Officer of the Company effective August 1, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey H. Jackson was elected as Director at WESBANCO INC.

Action: elected
Role: Director

Exact text from the filing

Mr. Jackson also has been elected to the Company’s Board of Directors effective August 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey H. Jackson was appointed as President and Chief Executive Officer at WESBANCO INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Jeffrey H. Jackson, previously the Company’s Senior Executive Vice President and Chief Operating Officer, has been appointed to serve as the Company’s President and Chief Executive Officer as of August 1, 2023.

View on SEC.gov

WESBANCO INC filing history →

Source: SEC EDGAR

accession 0001193125-23-191367

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