WSFS Financial (WSFS) Announces The Chairman Will Assume The Role of Non-Executive Chairman
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WSFS Financial Corporation (Nasdaq: WSFS) announced that WSFS Chairman, Marvin N. "Skip" Schoenhals, will assume the role of Non-Executive Chairman effective November 1, 2009 as part of the Company's long-term succession plan.
In April 2007, Mark A. Turner assumed the roles of President, Chief Executive Officer and Director of both WSFS Financial Corporation and WSFS Bank, and Mr. Schoenhals continued to serve as full-time Executive Chairman of WSFS Financial Corporation and WSFS Bank.
Mr. Schoenhals will now transition to Non-Executive Chairman, retiring from full-time employment at WSFS Bank after exactly 19 years of leading the WSFS organization to world-class service levels and significantly increasing shareholder value during his tenure. Mr. Schoenhals will continue to function in a consultative role and engage in community relations and business development activities for the Bank, in addition to his responsibilities as Chairman.
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