On August 17, 2022, Louis J. Torchio, age 60, was appointed Chief Executive Officer of Northwest Bancshares, Inc. and its wholly owned subsidiary, Northwest Bank, effective immediately. On August 17, 2022, Mr. Torchio was also appointed as a director of each of the Company and Northwest Bank. Mr. Torchio has been employed by Northwest Bank since 2018 and previously served as Senior Executive Vice President of Retail Lending of the Company and Northwest Bank.

Mr. Torchio has 31 years of experience in the banking industry. Prior to joining the Company and Northwest Bank, Mr. Torchio held the position of Senior Vice President of Residential and Consumer Lending at Delaware County Bank for two years. Additionally, Mr. Torchio has held various senior leadership and executive committee positions at large regional and community banks.

In connection with his promotion to President and Chief Executive Officer of the Company and Northwest Bank, Mr. Torchio has entered into an updated employment agreement with the Company and Northwest Bank.