MARIETTA, Ohio, July 11,
2023 /PRNewswire/ -- Peoples Bancorp Inc. ("Peoples")
(Nasdaq: PEBO) today announced that Chuck
Sulerzyski, 66, has notified Peoples of his intention to
retire as President and Chief Executive Officer ("CEO") of each of
Peoples and Peoples' banking subsidiary, Peoples Bank, effective
March 31, 2024. He also intends to
retire from the Boards of Directors of Peoples and Peoples Bank on
that same date. Peoples also announced today that Tyler Wilcox, 44, will become the next President
and CEO of each of Peoples and Peoples Bank, and will be elected as
a director of each of Peoples and Peoples Bank, effective
April 1, 2024, filling the vacancy
created on each Board of Directors by Sulerzyski's retirement.
Sulerzyski joined Peoples as President and CEO in April 2011. Under his leadership, Peoples has
grown from $1.8 billion in total
assets as of March 31, 2011, to
approximately $8.8 billion in total
assets following Peoples' merger with Limestone Bancorp Inc. as of
the close of business on April 30,
2023. Sulerzyski has developed a strong culture at Peoples,
where the motto is "Working Together. Building Success." Under his
leadership, Peoples has established itself as a high performing
community bank and an employer of choice in its markets.
Wilcox, who has been an employee of Peoples since 2008, will
serve in the position of Senior Executive Vice President, Chief
Operating Officer, of each of Peoples and Peoples Bank in a
transitional role and succeed Mr. Sulerzyski upon his retirement.
Wilcox has served in a variety of executive positions with Peoples
and its subsidiaries over his 15 years with the organization. Since
October 2020, he has served as
Executive Vice President, Community Banking, of both Peoples and
Peoples Bank, where he has been responsible for Peoples Bank's
business lines, including commercial banking, equipment leasing,
insurance premium finance, consumer lending, retail and small
business banking, trust and investment services, and insurance. A
search is currently underway for Wilcox's successor as Executive
Vice President, Community Banking.
"It has been my great privilege to serve as the leader of
Peoples the past 12 years," said Sulerzyski. "I am proud of the
organization we are today and the impact that we have had on our
clients and our communities. And I am thrilled that the board has
named Tyler as my successor. I have worked closely with Tyler in
all aspects of the business during my tenure and am confident that
Peoples will thrive under his leadership."
"I am honored to have been given the opportunity to lead
Peoples," said Wilcox. "And I appreciate the confidence Chuck and
the Board have shown in me. I look forward to building upon the
strong foundation and culture at Peoples as we continue to
implement our strategic plans and pursue our vision of becoming the
Best Community Bank in America."
Susan Rector, Chairman of the
Board of Directors of Peoples, said that the Board has planned for
this transition for several years and that Wilcox's demonstrated
leadership and breadth of experience at Peoples made him the ideal
successor to Sulerzyski. "Tyler has excelled in a variety of
leadership positions with Peoples and is highly respected within
the organization," said Rector. "We are proud of what Peoples has
accomplished over the past 12 years under Chuck's extraordinary
leadership and are optimistic that the future will be even
better."
Prior to serving as Executive Vice President, Community Banking,
for Peoples and Peoples Bank, Wilcox served as Executive Vice
President, Regional President, of Peoples Bank's South Region;
President of Peoples Insurance Agency, LLC; Peoples Bank's Senior
Vice President, Director of Human Resources; Peoples Bank's Vice
President, Director of Compensation and Benefits; and Peoples
Bank's Associate Counsel.
Wilcox holds a Bachelor of Arts from Brigham Young University, a Master of Business
Administration (finance concentration) from Ohio University, and a Juris Doctor from The
Ohio State University. He is licensed
to practice law in Ohio. Prior to
joining Peoples Bank in 2008, Wilcox practiced law as an Assistant
City Attorney for Columbus,
Ohio.
Peoples is a diversified financial services holding company that
makes available a complete line of banking, trust and investment,
insurance, premium financing and equipment leasing solutions
through its subsidiaries. Peoples has been headquartered in
Marietta, Ohio since 1902. As of
March 31, 2023, Peoples had
$7.3 billion in total assets, and 130
locations, including 113 full-service bank branches in Ohio, West
Virginia, Kentucky,
Virginia, Washington D.C. and Maryland. Peoples' vision is to be the Best
Community Bank in America.
Peoples is a member of the Russell 3000 index of U.S.
publicly-traded companies. Peoples offers services through Peoples
Bank (which includes the divisions of Limestone Bank, Peoples
Investment Services, Peoples Premium Finance and North Star
Leasing) and Peoples Insurance Agency, LLC.
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SOURCE Peoples Bancorp Inc.