Ronald J. Seiffert served as the CEO of Northwest Bancshares, Inc. He was appointed to this role on June 20, 2018, after having worked as President and Chief Operating Officer since November 2017. Ronald brought over 36 years of experience...

Ronald J. Seiffert served as the CEO of Northwest Bancshares, Inc. He was appointed to this role on June 20, 2018, after having worked as President and Chief Operating Officer since November 2017. Ronald brought over 36 years of experience in banking to the table. Before joining Northwest, he was the Chairman, President, and CEO of The Delaware County Bank & Trust in Ohio. His earlier roles included significant positions at Huntington National Bank and Bank One/JPMorgan Chase. Ronald emphasized performance-driven compensation, with no stock options or granted stock in 2022, showing a shift towards metrics like efficiency and growth. He had a notable compensation of $1,108,249 in 2018. Tragically, he passed away unexpectedly on May 24, 2022, leaving behind a legacy of commitment to banking and customer service.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Northwest Bancshares CEOs

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Ronald J. Seiffert

Ex-CEO of Northwest Bancshares

Field of Expertise

Finance & Banking - Banking

Sector of Economy

Financial Services

Born

January 1, 1962 - 63 years ago

CEO of Northwest Bancshares for

3 years 11 months (Jun 2018 - May 2022)

Previous Experience

Chairman, President and Chief Executive Officer at The Delaware County Bank and Trust, Vice Chairman at Huntington National Bank, Executive Vice President and National Head of Business Banking at Bank One/JPMorgan Chase

Rivals

Competitors/colleagues of Ronald J. Seiffert

F

Curtis J. Myers

CEO of Fulton Financial

2023 Compensation

Stock

$655.98K

Salary

$850.00K

Bonus

$382.50K

Other

$122.18K

Total Holdings

$4.82M

U

Richard M. Adams, Jr.

CEO of United Bankshares

2023 Compensation

Stock

$609.36K

Salary

$1.00M

Bonus

$1.09M

Other

$59.30K

Total Holdings

$6.01M

S

Christopher J. McComish

CEO of S&T Bancorp

2023 Compensation

Stock

$150.00K

Salary

$350.00K

Bonus

$70.00K

Other

$20.00K

Total Holdings

$715.40K

R

Kevin D. Chapman

CEO of Renasant

2023 Compensation

Stock

$0.00

Salary

$401.63K

Bonus

$401.63K

Other

$0.00

Total Holdings

$5.13M

P

Anthony Labozzetta

CEO of Provident Financial Services

2023 Compensation

Stock

$61.82K

Salary

$818.27K

Bonus

$309.38K

Other

$121.55K

Total Holdings

$8.84M

Holdings

See how much did Ronald J. Seiffert make over time.

Ronald J. Seiffert maintained a unique structure regarding his holdings. In 2022, he did not report any granted stocks or options as his focus shifted entirely to performance-based incentives. In 2018, while he reported a total compensation of $1,108,249, fluctuations...

Ronald J. Seiffert maintained a unique structure regarding his holdings. In 2022, he did not report any granted stocks or options as his focus shifted entirely to performance-based incentives. In 2018, while he reported a total compensation of $1,108,249, fluctuations in his wealth were indicative of his banking strategies focusing on a strong balance sheet rather than personal stock market gains. His wealth was significantly tied to the financial health of Northwest Bancshares, where he played an integral role in steering the company’s direction. Seiffert's history shows that executive wealth isn't just about stock holdings but also about performance metrics that positively impacted the organization. Over his tenure, he put emphasis on how operational efficiency and strategic initiatives contributed to overall success.

Insider Trading

See recent insider trades of Ronald J. Seiffert.

No insider trades found for this CEO.

Compensation History

See how much did Ronald J. Seiffert make over time.

Ronald J. Seiffert's compensation package reflected a strong alignment between his performance and that of Northwest Bancshares. In 2018, he earned a total compensation of $1,108,249, which included a base salary of about $574,000 and a bonus based on various performance metrics. The measures he focused on included return on average equity and earnings per share growth. Interestingly, from 2019 to 2022, his compensation fluctuated but did not involve vested stocks or options as the company shifted to a more cash-based incentive structure focused on achieving specific goals. For example, in 2022, he reported no salary or bonus, indicating the shift in focus towards performance with a direct impact on company results rather than personal financial incentives.

Year

2022

Total Compensation

$0.00

Salary

$0.00

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies to ensure competitive and performance-driven compensation packages.

Bonus

$0.00

Board Justification

The bonus structure is based on performance metrics set by the Compensation Committee, which evaluates the CEO's performance against established goals for the year.

Other

$0.00

Board Justification

Other compensation includes benefits and perquisites as outlined in the executive compensation section of the proxy statement.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2022 as the focus was on performance-based compensation.

Performance Metrics

Performance metrics include financial targets, operational efficiency, and strategic initiatives as determined by the Compensation Committee.

Other Northwest Bancshares CEOs

Here are other CEOs of Northwest Bancshares

William J. Wagner

Ex-CEO of Northwest Bancshares

November 2017 - June 2018

Louis J. Torchio

CEO of Northwest Bancshares

August 2022 - Present