KYW Career News Report, September 15, 2019
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.
KYW Career News Report, September 8, 2019
This list highlights some of our current search assignments. If you think you are well qualified for one of these opportunities, you may e-mail your resume to Kaplan Partners for potential consideration. In addition, if you know someone who might be a prospective contender for one these roles, please make a confidential connection.
- President & CEO, Community Bank
- Chief Banking Officer, Regional Bank
- Divisional CFO, Large Mortgage Banking Company
KYW Career News Report, September 1, 2019
KYW Career News Report, August 25, 2019
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.
KYW Career News Report, August 18, 2019
KYW Career News Report, August 11, 2019
August 7, 2019 Warren, PA — Mark T. Reitzes has been named Executive Vice President and Head of Commercial Banking for Northwest Bank, according to Ronald J. Seiffert, Northwest Chairman, President and CEO. In his new role, Mr. Reitzes will develop and execute Northwest’s commercial banking strategy, including a comprehensive and consistent sales delivery model across the bank’s footprint, as well as new commercial products and services.
During his 36-year career, Mr. Reitzes has gained extensive knowledge and experience serving in various roles in commercial and retail banking, including Commercial Banking Division Head and, subsequently, Regional President, for Huntington National Bank’s Southern Ohio/Kentucky Region. Mr. Reitzes also served as President and CEO of Cheviot Savings Bank, a $575 million community bank in Cincinnati. His background also includes supervisory regulatory experience with The Office of Thrift Supervision (OTS) and with the Cincinnati office of KPMG as a CPA in the Financial Institutions practice.
Mr. Reitzes has also provided expert testimony before the United States Congressional House Banking Committee and was recognized as an EY Leading Financial Executive, Cincinnati Magazine’s Power 100 and Cincinnati Magazine’s Leading Influencer of Greater Cincinnati.
In making the announcement, Mr. Seiffert said, “Mr. Reitzes is an experienced banker with an extensive commercial background. He will add a tremendous amount of value to our organization and is uniquely qualified to lead our Commercial Banking efforts as we continue to profitably grow and expand.”
Mr. Reitzes is a graduate of the University of Cincinnati and The Ohio State University Fisher College of Business Executive Leadership program. He is a member of the American Institute of CPAs and the Ohio Society of CPAs.
Northwest Bank operates 172 full-service offices and ten free-standing drive through locations. Founded in 1896, Northwest offers a complete line of personal and business banking products including employee benefits, investment management services, insurance and trust. Northwest Bancshares, Inc. is the holding company of Northwest and is listed on the NASDAQ Global Select Market as NWBI. More information about Northwest can be found online at www.northwest.com.