WSFS CEO Mark Turner stepping down to lead board
WSFS Financial Corporation, the parent company of WSFS Bank, today announced a new leadership team effective January 1, 2019.
Mark A. Turner, the current president and CEO, will become the executive chairman of the board of directors. In this role, Turner will lead the board of directors along with Lead Independent Director EleuthÃ¨re I. du Pont and serve as an external champion for the company.
Turner, who was appointed president and CEO in 2007, noted that the transition was years in the making.
“For a long time, I have strongly believed that in a fast-changing society, economy and industry, 10 to 15 years is an optimal period for most leaders to serve as a public-company CEO,” Turner said. “The board and I first started discussing the possibility of this transition over five years ago and we have been carefully and thoughtfully planning for it since.”
Rodger Levenson, executive vice president and chief operating officer, will become the new president and CEO and join the board as well. He’s a 32-year veteran of the banking industry with executive experience in a number of positions. He joined WSFS in 2006 and has served as COO since August 2017.
“It is truly an honor to carry forward our strategy and lead the organization that Mark and our leadership team have built,” Levenson said. “I am humbled by the trust that Mark and our Board have in me and I am grateful to our highly talented WSFS Associates who deliver on our mission every single day. Working together, we will continue to grow, innovate and invest in our Associates and technology to meet the rapidly changing expectations of our Customers. These investments, coupled with our mission, engagement strategy and values, will continue to deliver premium returns for our Owners.”