Management ChangeJun 4, 2026, 04:42 PM
Wesbanco CRO Michael Perkins to Retire, Transition to Consultant
AI Summary
Wesbanco, Inc. announced that Michael L. Perkins, Senior Executive Vice President and Chief Risk Officer, will retire from his position effective June 30, 2026. Following his retirement, Mr. Perkins will transition to a consultant role for the company, effective July 1, 2026, under an Executive Transition and Consulting Agreement. He will provide consulting services for a monthly fee of $33,334 until June 30, 2027, and the agreement includes a non-competition covenant.
Key Highlights
- Michael L. Perkins to retire as Senior EVP and Chief Risk Officer on June 30, 2026.
- Mr. Perkins will transition to a consultant role for Wesbanco starting July 1, 2026.
- An Executive Transition and Consulting Agreement was signed on June 3, 2026.
- He will receive a monthly consulting fee of $33,334 in cash.
- The consulting period will expire on June 30, 2027.
- The agreement includes a non-competition covenant during the term and for one year thereafter.
- Continued equity award vesting is conditioned upon compliance with the non-competition covenant.
Price Impact
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