Wintrust Financial Corporation announced the planned transition of the CEO role. Effective May 1, 2023, Timothy Crane, who currently serves as Wintrust’s President, will assume the additional role of CEO Crane also has been appointed to the Wintrust Board of Directors effective immediately. To ensure a smooth leadership transition, Edward Wehmer will continue to serve as Founder and CEO of Wintrust through April 30, 2023. Subject to nomination and reelection by WTFC shareholders at the WTFC annual meeting, Wehmer will continue to serve on the Wintrust Board of Directors and will assume the role of Executive Chairman through May 23, 2024. Wehmer will then serve as Founder and Senior Advisor through December 31, 2026. H. Patrick Hackett, Jr., the current non-executive Chairman of the WTFC Board of Directors, will continue to serve in that role and will assume the additional title of Lead Independent Director. In addition, David A. Dykstra and Richard B. Murphy will continue in their current Vice Chair roles, as key senior leaders of the Wintrust enterprise.
Published first on TheFly
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