KYW Career News Reports, July 22, 2018
KYW Career News Reports, July 15, 2018
Olney, MD, July 12, 2018 — Sandy Spring Bank (NASDAQ: SASR) announced today that Kevin Slane has joined the company as Executive Vice President and Chief Risk Officer. This is a newly created position at the bank and an addition to the bank’s executive management team. Slane will lead the continued development of the bank’s risk management program and will focus on safely enabling business strategies to drive Sandy Spring Bank’s long-term success.
“As we continue to expand our presence throughout the region, we want to ensure that we are well positioned to seize new opportunities to grow and better serve our clients. In order to do so, we must manage risk in a way that aligns with our vision and culture,” said Daniel J. Schrider, President and CEO of Sandy Spring Bank. “This is a strategic and proactive investment in our risk management structure, and I look forward to working with Kevin to further strengthen this critical capability.”
With more than 30 years of experience, Slane is an accomplished financial services executive. He joins Sandy Spring Bank from Hancock Whitney Bank in the Gulf South where he was responsible for enterprise risk management and operational risk. Prior to that position, Slane was the corporate risk director for First Horizon Corporation in Memphis, TN.
“Sandy Spring Bank is a purpose driven and values based organization that is truly client and community focused. It is what differentiates our company and what attracted me to join the bank,” said Slane. “I am excited to be a part of the team and to further develop a risk management program that will enable growth and build on the bank’s 150 year legacy of serving individuals, families and businesses across this region.”
Earlier this year Sandy Spring Bank completed the acquisition of WashingtonFirst Bank, making it the largest, locally-headquartered community bank in the Greater Washington Region. This year also marks the bank’s 150th anniversary. In recognition of this milestone, the bank officially launched the Sandy Spring Bank Foundation. “This is an exciting and pivotal time for us, so it is fitting that we continue to build on this positive momentum and welcome Kevin to the Sandy Spring Bank family,” concluded Schrider.
Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank. Independent and community-oriented, Sandy Spring Bank offers a broad range of commercial banking, retail banking, mortgage and trust services throughout central Maryland, Northern Virginia, and the greater Washington, D.C. market. Through its subsidiaries, Sandy Spring Insurance Corporation and West Financial Services, Inc., Sandy Spring Bank also offers a comprehensive menu of insurance and wealth management services.
Wilmington, DE, July 11, 2018 — WSFS Financial Corporation (NASDAQ: WSFS), the parent company of WSFS Bank, announced that effective January 1, 2019, Mark A. Turner, Chairman, President and CEO, will become the Executive Chairman of the Board of Directors and that Rodger Levenson, WSFS’ Executive Vice President and Chief Operating Officer, will become the Company’s President and Chief Executive Officer and a member of the Board.
As Executive Chairman, Mr. Turner will lead the Board of Directors with Lead Independent Director Eleuthère I. du Pont and facilitate the seamless transition to Mr. Levenson. He will also leverage his decades of experience in and knowledge of local markets and the banking industry to serve as an external champion for the Company, further enhance WSFS’ culture and reputation, and help shape the next chapter of the Bank’s growth story.
Mr. Turner, born and raised in Philadelphia and a lifelong resident of several communities in the Delaware Valley, was appointed WSFS’ President and CEO in April 2007 and has served in management for more than 22 years, including two decades as a member of the executive leadership team. In over 11 years as WSFS’ Chief Executive, a period that includes the Great Recession, he and his leadership team helped the Company and its many communities to grow and prosper. Mr. Turner and his team steadfastly executed WSFS’ strategy of Associate and Customer engagement and made significant investments, which strengthened the communities the Bank serves and substantially increased market share and returns for WSFS Owners.
Mr. Levenson is also a lifelong resident of the Delaware Valley and has more than 32 years of local banking experience. He joined WSFS in 2006 and has served in various executive leadership roles, including Chief Commercial Banking Officer (2006-2015) and interim Chief Financial Officer (2015-2016). Most recently, from June 2016 to August 2017, as Chief Corporate Development Officer, Mr. Levenson led cross-functional teams to evaluate, negotiate and integrate many mergers, acquisitions and large capital transactions. And since August 2017, he has led the Company’s executive leadership team as Chief Operating Officer and has assumed other executive responsibilities as Mr. Turner’s deputy. Mr. Levenson has also been a key member of WSFS’ investor relations team over the last decade.
Lead Independent Director Eleuthère I. du Pont said, “This transition is part of our thoughtful, deliberate, and continual Board and executive management succession planning process. We are incredibly grateful to Mark for his leadership and we are very pleased to appoint him as our Executive Chairman. The Board enthusiastically supports Rodger, who helped Mark lead these efforts, as Rodger builds on our momentum, fosters new thinking and positions WSFS for even more success.”
Mr. Turner continued, “I am excited for WSFS and for Rodger. The Board helped develop Rodger, evaluated him, and unanimously and enthusiastically selected him to lead WSFS to an even brighter future. He is the right person for the job, is a natural fit, and he will mold the next generation of WSFS leaders. I look forward to the next phase of my service to WSFS, and helping Rodger and WSFS become more successful than ever. I am also eager to explore and take on new challenges in my life.”
“It is truly an honor to carry forward our strategy and lead the organization that Mark and our leadership team have built,” said Mr. Levenson. “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.”
Mr. Levenson earned a Bachelor of Business Administration in Finance from Temple University and a Master of Business Administration from Drexel University. He began his banking career in 1986 in Philadelphia at CoreStates Financial (now part of Wells Fargo) and held a number of leadership roles during his 17-year tenure. He then became a member of Citizens Bank’s regional senior leadership team in 2003 and served in that capacity until he joined WSFS in 2006. He reinforced his leadership experiences with certifications from The Wharton School at the University of Pennsylvania, Center for Creative Leadership, and Harvard Business School. As a committed and active member of his community, Mr. Levenson currently serves on the Boards of Directors for the United Way of Delaware and the Wilmington Housing Partnership, and is a member of the Board of Governors for the Delaware State Chamber of Commerce. He also served as Chairman of the Delaware Bankers Association.
WSFS Financial Corporation is a multi-billion dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally-managed bank and trust company headquartered in Delaware and the Delaware Valley. As of March 31, 2018, WSFS Financial Corporation had $7.0 billion in assets on its balance sheet and $19.1 billion in assets under management and administration. WSFS operates from 77 offices located in Delaware (46), Pennsylvania (29), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash management and trust and wealth management. Other subsidiaries or divisions include Christiana Trust, WSFS Wealth Investments, Cypress Capital Management, LLC, West Capital Management, Powdermill Financial Solutions, Cash Connect®, WSFS Mortgage and Arrow Land Transfer. Serving the Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit wsfsbank.com.
KYW Career News Reports, July 8, 2018
KYW Career News Reports, July 1, 2018
After years of debating whether the skills gap is real or simply a notion promoted by frustrated recruiters, evidence clearly highlights that American employers are facing a genuine, widespread and worsening gap between the skills they need and the skills the workforce possesses.
In a U.S. Chamber of Commerce survey, over half of small-business leaders said they faced a “very or fairly major challenge in recruiting non-managerial employees.” Among recent Inc. 5000 CEOs, 76 percent said they were experiencing major problems recruiting qualified people. Meanwhile, the U.S. Bureau of Labor Statistics now predicts the number of unfilled jobs in STEM (science, technology, engineering and math) fields will climb to a historic high of 1.2 million by year-end.
Such numbers are leading many people to the same conclusion: Companies will need to become more deeply involved in workforce development in order to avoid critical skills gaps within their own talent pools.
Spot the ‘high potentials’
Studies warn that some employers are exacerbating their own skills-gap problems through their recruiting practices. Specifically, too many employers keep doggedly searching for experienced candidates rather than hiring individuals with the right education, core skills and potential—and then developing those people.
Companies need to identify those high-potential, but less-experienced people and create training sessions, mentorship programs, project-experience opportunities and other professional development offerings to accelerate their growth.
At the same time, companies need to provide existing and mid-career employees with increased professional development opportunities – an item that was cut in many budgets during the recession.
In both cases, professional development program should stretch beyond hard-skills training to develop “whole persons” with solid interpersonal and communication skills, business acumen and management competencies.
Partner with educators
Greater corporate participation in the educational community is also needed to help reduce the skills gap. By supporting STEM classes in middle schools, innovative courses in community colleges, apprenticeship programs, industry-university joint endeavors and educational efforts by professional associations, companies can help foster a more highly skilled workforce and establish themselves as progressive, desirable employers.
This may all sound like a lot of extra work to heap on top of the daily demands of operating your company. However, analysts increasingly argue that heightened training efforts by employers are not just desirable, but essential. Stressing that “education and workforce systems in the United States are failing to keep pace with the changing needs of the economy,” the U.S. Chamber of Commerce Foundation recently called on employers to apply the same importance, rigor and skills used in supply-chain management to talent-pipeline management
KYW Career News Reports, June 24, 2018
KYW Career News Reports, June 17, 2018
KYW Career News Reports, June 10, 2018