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Posted 16 May, 2023

WESBANCO INC appointed Jeffrey H. Jackson as new CEO

Nasdaq:WSBC appointed new Chief Executive Officer Jeffrey H. Jackson in a 8-K filed on 16 May, 2023.


  In connection with Mr. Clossin's retirement, the Company intends to appoint Jeffrey H. Jackson, the Company's Senior Executive Vice President & Chief Operating Officer, to serve as the Company's President and Chief Executive Officer effective as of August 1, 2023.  

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Overview of WESBANCO INC
Financial Services • Banking
WesBanco, Inc. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Community Banking, and Trust and Investment Services. The Community Banking segment delivers services traditionally offered by service commercial banks, including commercial demand, individual demand, and time deposit accounts, as well as commercial, mortgage, and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services. The Trust and Investment Services segment includes trust services as well as alternative investment products including mutual funds. The company was founded on January 20, 1870 and is headquartered in Wheeling, WV.
Market Cap
$1.69B
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WESBANCO INC by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On May 16, 2023, Todd F. Clossin, President and Chief Executive Officer of Wesbanco, Inc. (the "Company"), informed the Company of his intention to retire from employment with the Company effective August 1, 2023. In connection with Mr. Clossin's retirement, the Company intends to appoint Jeffrey H. Jackson, the Company's Senior Executive Vice President & Chief Operating Officer, to serve as the Company's President and Chief Executive Officer effective as of August 1, 2023. Mr. Jackson, age 50, has served as Senior Executive Vice President & Chief Operating Officer since joining the Company in August 2022. Prior to joining the Company, Mr. Jackson was employed by First Horizon Bank in various roles of increasing responsibility, most recently as Executive Vice President and Chief Operating Officer of regional banking in Memphis, Tennessee. For more information regarding Mr. Jackson's background, please see Mr. Jackson's biography set forth in the Company's definitive Proxy Statement for its 2023 annual meeting of shareholders, filed with the Securities and Exchange Commission on March 15, 2023, which is incorporated herein by reference. The Company expects to enter into amended compensatory arrangements with Mr. Jackson in connection with his appointment as President and Chief Executive Officer, the details of which have not been finalized as of the date of this filing. Except as described herein, there are no arrangements or understandings between Mr. Jackson and any other person pursuant to which Mr. Jackson will be selected as President and Chief Executive Officer. Mr. Jackson has no family relationships with any other executive officer or director of the Company. Mr. Jackson has not been involved in any related person transactions with the Company that would require disclosure under Item 404(a) of SEC Regulation S-K. Following his retirement, Mr. Clossin will continue as a Vice Chairman of the Board of Directors and will serve on its Executive Committee.