WesBanco, the $17 billion-asset company, announced that their president and CEO, Todd Clossin, will retire on August 1st, which is earlier than his previously planned retirement at the start of next year. Mr. Clossin had announced an anticipated retirement date of January 1, 2024.
Todd F. Clossin, the CEO of Wesbanco (WSBC) since 2014, will retire but will remain a vice chairman of the board and a member of its executive committee.
Jeffrey H. Jackson, who was appointed as the chief operating officer last year, will succeed Todd Clossin as the new leader. He was already considered the natural successor to the position. In August 2022, Jackson started working at Wesbanco (NASDAQ: WSBC) after serving as the COO of regional banking in Memphis, Tennessee, at First Horizon Bank.
JEFFREY H. JACKSON, age 50, is the Senior Executive Vice President and Chief Operating Officer of the Corporation and President and Chief Operating Officer of the Bank. It is anticipated that he will succeed Mr. Clossin upon his retirement on or about January 1, 2024. Mr. Jackson formerly served as Executive Vice President and Chief Operating Officer of Regional Banking for First Horizon Bank based in Memphis, TN and also served as Regional President for the State of Florida and Market President for Southeast Tennessee and Atlanta. Prior to his career in banking, he spent 15 years with IBM in a variety of positions. Mr. Jackson is a graduate of Auburn University and received a Certificate of Corporate strategy from Columbia University.
Have you read?
The World’s Top 10 Highest-Paid Wealth Management Executives.
CEO compensation: Highest paid chief executive officers in the United States.
Highly-Paid Entertainment Chief Executives (Averaged $31.66 Million).
Highest-paid health insurance CEOs.
Most Powerful Companies in Australia, 2023.