WSFS Financial appointed current Chairman, President and CEO Mark A. Turner executive chairman of the board. Executive Vice President and Chief Operating Officer Rodger Levenson will move into the president and CEO positions and become a board member.
In his new position, Turner will lead the board with Lead Independent Director Eleuthère I. du Pont and serve as an external champion for the company.
Turner 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 his years as WSFS’ chief executive, he and his leadership team helped the company and its many communities grow and prosper, including 13 consecutive “top workplace” honors in Delaware and four consecutive similar distinctions in Southeastern Pennsylvania, the Bank’s newer market.
Levenson joined WSFS in 2006 and has served in various executive leadership roles, including chief commercial banking officer, interim chief financial officer and, most recently, chief corporate development officer. He led cross-functional teams to evaluate, negotiate and integrate mergers, acquisitions and large capital transactions and has led the company’s executive leadership team as chief operating officer since August 2017.
Levenson began his banking career in 1986 in Philadelphia at CoreStates Financial 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.
“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,” said Turner. “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.”
WSFS Financial’s primary subsidiary, WSFS Bank, is the oldest and largest locally-managed bank and trust company headquartered in Delaware and the Delaware Valley. It operates 77 offices located in Delaware, Pennsylvania, Virginia and Nevada.