Northwest Bank Appoints New Chief Financial Officer

Northwest Bancshares, Inc. and its wholly-owned subsidiary, Northwest Bank, are delighted to announce the appointment of Douglas M. Schosser as the new Chief Financial Officer, effective from March 18, 2024. Mr. Schosser will succeed William W. Harvey, Jr., who announced his retirement last autumn, and will work closely with Mr. Harvey during the transition period to ensure a seamless transfer of responsibilities.

In his new role, Mr. Schosser will hold a vital position within Northwest’s executive leadership team, taking on the responsibility of overseeing all financial aspects of Northwest Bank. His duties will include leading a team responsible for treasury, financial planning, accounting, reporting, tax, facilities, and enterprise project management. Reporting directly to President and CEO Louis Torchio, Mr. Schosser will utilize his extensive knowledge and experience to drive the bank’s continuous transformation and strategic objectives.

Mr. Schosser brings a wealth of experience and expertise from his previous roles as Chief Financial Officer for Key Corporation Bank and Victory Capital Management, as well as holding the position of Executive Vice President and Line of Business Chief Financial Officer for Associated Bank Corp. in Green Bay, WI. His most recent role was as Executive Vice President and Chief Accounting Officer of KeyCorp, where he led a team of 200 employees and oversaw various financial functions and processes.

In a statement, Mr. Schosser expressed his excitement about joining Northwest Bank during this transformative period. He looks forward to working with the team to drive the bank’s vision to benefit employees, customers, and communities, while delivering value for shareholders. The bank’s leadership team, particularly President and CEO, Louis Torchio, expressed their enthusiasm in welcoming Mr. Schosser and highlighted his broad financial background and experience across key areas. They believe that Mr. Schosser’s addition underscores their commitment to excellence in leadership and are eager to work together to achieve continued growth and success.

Mr. Schosser holds a Bachelor of Science degree in Accountancy from Miami University in Oxford, Ohio, and will be relocating to Columbus, Ohio with his wife, Robin, for his new role as CFO of Northwest Bank.

Northwest Bancshares, Inc. serves as the bank holding company of Northwest Bank, a full-service financial institution offering a comprehensive range of business and personal banking products, as well as treasury management solutions and wealth management services. The bank currently operates in Pennsylvania, New York, Ohio, and Indiana.

This appointment signifies a significant change within Northwest Bank’s leadership team, and the company is enthusiastic about the wealth of experience and expertise Mr. Schosser brings to the table. This appointment reflects the organization’s commitment to driving growth and success, and we look forward to witnessing the impact of Mr. Schosser’s leadership in the coming years.