Len D. Devaisher is the current interim CEO of MidWestOne Financial Group, taking on the role after a succession plan due to the former CEO's recovery from an accident. Before this position, he served as President and COO since 2020....
Len D. Devaisher is the current interim CEO of MidWestOne Financial Group, taking on the role after a succession plan due to the former CEO's recovery from an accident. Before this position, he served as President and COO since 2020. His leadership comes at a crucial time as the company works on aligning its interests with shareholders through performance metrics focused on earnings. In 2022, his total compensation reached $759,233, primarily from salary and a one-time bonus for continuing his service. Interestingly, he was granted $200,000 in stock options in 2023, indicating a focus on long-term performance. His insider trading activity shows a steady increase in stock transactions from $56.43K in August 2020 to $594.77K by December 2023. This reflects not only his confidence in the company's growth but also his investment in its future. Devaisher's career at MidWestOne positions him uniquely to guide the company through its next chapter, with an emphasis on strong financial performance.