Northwest Bancshares, Inc. and Northwest Bank announced that they have entered into a retirement agreement and a consulting agreement pursuant to which Chief Financial Officer William W. Harvey, Jr. will transition from his current roles in 2024. Mr. Harvey will retire from the Company and Northwest Bank and their associated boards on December 31, 2024 but remain with the organization as a consultant through December 31, 2025. His continued employment and consulting periods are designed to assist with a seamless transition of duties. The Company and Northwest Bank have initiated a search to hire an individual who will serve as Mr. Harvey's replacement as Chief Financial Officer.

The search will consider both internal and external candidates. The Company estimates that the search will take four to six months to complete.