Magazine : Archives : 2nd Quarter 2019
Exit Strategy
Early in 2018, Mark A. Turner, then-chief executive officer of WSFS Financial Corp., an $8 billion asset bank based in Wilmington, Delaware, shared in the company’s annual report what he hoped would happen to the 187-year-old bank if he were to keel over in the corner office. This was about six months before it was announced publicly that a designated successor had been chosen to replace him. “I have on occasion said, ‘If I go into a coma, I hope the company misses me, but it doesn’t miss a beat,’” Turner wrote. “For that to be true, we, and no...
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