A Conversation with Chris Franklin / Chairman + CEO, Aqua America
A Conversation with Trish Wellenbach
Board games, team players
It’s the stuff of Hollywood drama and CEO nightmares. Dysfunctional boards of directors – at least in movies and bad dreams – can be the source is interminable meetings, uninspired deliberation, corporate gridlock and even hostile power grabs.
In everyday business life, however, a board of directors doesn’t have to be anything like that. A great board should involve a group of engaged thought-leaders, diverse professionals and perhaps a few entrepreneurial superstars. This dynamic team will help tackle key challenges, explore growth opportunities, grapple with succession, and strategically advance the company. So, how do you create a highly talented and effective board for your company?
Map skills and needs
Begin by analyzing the strengths of current board members and identify skills gaps that should be filled by future members. A fully capable board of directors typically includes folks with industry and management expertise, plus specialists in finance, law, human resources, technology, risk, governance, innovation and markets—to name a few.
The board’s nominating committee should focus on candidates with proven qualifications, said Margaret Pederson, President and CEO of Amirexx LLC “Many people want to be considered for board positions when they are years away from being appropriate candidates. People have asked me, ‘Do I have to fully understand a P&L to sit on the board?’ They should have run a P&L before they join a board.”
Many board meetings, unfortunately, still live up to the stereotype of being gatherings of older, white men. Improving diversity within boards is essential, Peterson said, “but I define it as diversity of thought, experience and expertise. The board needs to fully represent the world that the company serves, and be able to communicate with all company stakeholders, especially customers and employees. You want to have a diverse slate of candidates that understand markets across various income levels, geographies, cultures and other demographics.”
Value soft skills
Just as any new employee should fit well with the company’s culture, new board members need to blend well with the board’s culture. A board candidate’s communication style, priorities, personality and even emotional intelligence should be considered to determine how that person would interact with existing board members.
When creating or adding to a board, make the effort to craft an effective team that will collaborate well, challenge and inspire each other, and respect differing points of view. Ultimately, it will help your board achieve its goals of providing leadership oversight, making the best decisions, and advancing critical business strategies.
A Conversation with Carol Johnson
Bryn Mawr, Pa., August 19, 2019 – Bryn Mawr Trust (BMT), wholly owned by Bryn Mawr Bank Corporation (NASDAQ: BMTC), announced today that Jeffrey Mills has joined their wealth division as Senior Vice President and Chief Investment Officer. Mr. Mills reports directly to Jennifer Dempsey Fox, President of BMT Wealth Management, and will maintain an office at the firm’s new Berwyn, Pa. location beginning September 16, 2019.
Jeff will be responsible for investment strategy across BMT’s Wealth Management platform, including the development of alternative capabilities to attract high net-worth and ultra-high net-worth clients, as well as institutions, endowments and foundations. He will lead firm-wide asset allocation decisions and publication of investment thought leadership. Jeff will manage BMT’s team of research analysts in addition to the Directors of Fixed Income and Third-Party Services. He will also collaborate on the direction and management of BMT’s team of portfolio managers.
“Jeff is a well-known and respected financial expert who possesses the rare combination of being strategic, tactical and analytical in his approach to leadership, research, investment management and portfolio composition,” said Ms. Fox. “Jeff will significantly elevate the investment platform and provide guidance to strategically grow the wealth division beyond our current strong foundation. We are pleased to welcome him to the BMT Wealth Management family.” Jeff has more than 15 years of experience in investment analysis, advisory, and strategy. Most recently, he was Managing Director and Co-Chief Investment Strategist at PNC Financial Services Group in Philadelphia.
Jeff holds a bachelor’s degree in international relations from the University of Pennsylvania, Philadelphia, Pennsylvania, a Master of Business Administration from the University of Oxford, Oxford, U.K., and a Master of Science in management studies with a concentration in asset management and investments from the Massachusetts Institute of Technology, Cambridge, Massachusetts. Jeff is a high-profile speaker and regular contributor to national discussions on economic matters through his appearances as a financial expert on programs such as CNBC, CNN and Yahoo Finance.
July 24, 2019 Indiana, PA S&T Bank (NASDAQ: STBA), a full-service financial institution with assets of $7.3 billion, and current operations in five markets including Western Pennsylvania, Central Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York, is pleased to welcome Dana Wysinger as Chief Marketing Officer (CMO).
“S&T Bank is charting a course for growth by making strategic investments in our talent and technology to provide best in class solutions and services to our communities and businesses that we serve. Prioritizing the customers’ needs and exceeding their expectations is paramount to our continuous growth strategy,” said Todd D. Brice, chief executive officer of S&T Bank. “We are excited to welcome Dana to our team and believe her diverse experience in marketing, data and analytics, and digital technology will play an integral role in transforming our business.”
Prior to joining S&T Bank, Dana held senior executive positions at several Fortune 100 & 500 companies including Target Financial Services, Wells Fargo, and most recently SunTrust Bank. She has directed strategic planning, marketing, and product management and development. Her responsibilities included driving consumer and business banking deposits, credit and lending acquisition, and retention efforts. She served in other marketing leadership roles with treasury and payments solutions, small business, and private wealth management. Dana specializes in creating product solutions that meet client’s needs, implementing financial technologies to improve the client experience, and development of digital strategies and sales effectiveness that deliver significant business results.
“Dana is a customer-centric focused marketer who leverages data and client insights to deliver an unparalleled client experience at every touchpoint of the customer lifecycle,” said Becky Stapleton, chief banking officer of S&T Bank. In her new role as chief marketing officer, Dana will be spearheading all marketing, brand and demand generation, digital strategy, and product management. Dana will work closely alongside S&T Bank’s market presidents and lines of business to develop and execute market-based strategies to enhance the customer experience across all distribution channel platforms.
“S&T Bank is a relationship bank that excels in serving customers, the community, employees, and its shareholders,” said Dana Wysinger. “I look forward to bringing the bank a solid 25-year track record delivering business growth through results-driven and customer-first marketing initiatives.”
Dana graduated with a bachelor’s degree in mass communication from the University of California, Berkeley. She received executive education in advanced strategies in digital marketing and analytics from Wharton Business School and in organizational leadership from Harvard Business School. Outside of work, Dana actively participates in numerous professional and charitable organizations including Junior Achievement, United Way, and the United States Chamber of Commerce.
About S&T Bancorp, Inc. and S&T Bank
S&T Bancorp, Inc. is a $7.3 billion bank holding company that is headquartered in Indiana, Pennsylvania and trades on the NASDAQ Global Select Market under the symbol STBA. Its principal subsidiary, S&T Bank, was recently named by Forbes as a 2019 World’s Best Bank and a 2018 Best-in-State Bank. Established in 1902, S&T Bank operates in five markets including Western Pennsylvania, Central Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York. www.stbank.com
A Conversation with Jim Deutsch
A Conversation with Trish Wellenbach
Wynnewood, PA – March 8, 2019 – Kaplan Partners, a leading boutique executive search and talent advisory firm, today announced its 25th anniversary serving many of the nation’s leading financial institutions.
Specializing in executive search, board advisory services and management assessment, Alan J. Kaplan, Kaplan Partners founder and CEO, launched the firm in 1994, employing a holistic approach and proven methodology that finds the best solutions for evolving client leadership needs. Today, he and his team work directly with CEOs, boards, and investors to identify and evaluate leadership potential, leveraging best practices in corporate governance and succession management that ensure clients’ continued success in today’s demanding market.
“We are very proud of what we’ve accomplished over our first 25 years, and grateful to our clients, colleagues and friends who have enabled this journey,” said Kaplan. “Looking ahead, we are committed to setting a new standard for advising CEOs and boards on leadership succession, corporate governance, talent management, and enhancing diversity.”
Since its beginnings, the firm has served leading regional and community banks, asset management firms, private equity and venture capital funds, FinTech firms, mortgage and insurance companies, credit unions, technology companies, and high growth organizations.
<Visit here to watch Kaplan Partner’s 25th Anniversary Video message: http://kaplanpartners.com/>
KYW Career News Report, March 10, 2019