WSFS announces new board chair, leadership changes

August 12, 2017

WSFS Financial Corp., parent company of WSFS Bank, announced that Mark A. Turner has been elected chairman of the board. This news follows Marvin “Skip” N. Schoenhals' decision to step aside after 25 years as chairman of the board of directors of WSFS Financial Corp. and WSFS Bank. Schoenhals will continue to serve as a member of the board.

Turner will assume the role of chairman in addition to his current roles as president and chief executive officer and a director of WSFS Financial Corp. and WSFS Bank since 2007. Turner previously also served as chief operating officer and chief financial officer of WSFS.

Schoenhals said, "On behalf of the board, we congratulate Mark on his new role as chairman. Mark's election aligns with the board renewal process that began in 2011, to consistently refresh and rotate the board, its committees and leadership with new talent and perspectives. Mark's strategic vision and leadership of the company through some incredibly challenging times and through a period of highly disciplined growth has been instrumental in the strong performance of WSFS in recent years. Under his leadership, the board's commitment to long-term, sustainable, high performance will continue as we serve our constituents for generations to come."

As part of WSFS' ongoing commitment to sound corporate governance, Eleuthère I. du Pont, president of the Longwood Foundation, will continue to serve in his role as lead independent director of the board.

WSFS also announced that Rodger Levenson has been promoted to executive vice president and chief operating officer. Levenson joined WSFS in November 2006 and served most recently as chief corporate development officer. In his new role, Levenson will oversee the executive leadership team.

Turner said, "As we enhance our efforts in talent growth, leadership development and succession planning, we make our organization stronger and more resilient, as well as prepare ourselves for the next generation. We congratulate Rodger on his promotion to chief operating officer. His innate talent, drive and diverse leadership experiences position him well for this role. I look forward to working with him to lead the future growth of our company. We would also like to thank Skip for his truly profound and lasting positive impact on our company. We greatly value his continued tenure on our board."


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