Limbert to retire as WesBanco CEO; successor appointed - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

Limbert to retire as WesBanco CEO; successor appointed

Posted: Updated:
  • BusinessBusinessMore>>

  • Annual Business Summit will focus on advanced careers

    Annual Business Summit will focus on advanced careers

    Saturday, August 23 2014 1:00 PM EDT2014-08-23 17:00:15 GMT
    From Aug. 27-29, business, industry, financial and political leaders from throughout the Mountain State will gather for the West Virginia Chamber of Commerce Annual Meeting and Business Summit. The topic of advanced career placement will be discussed in an education session led by Senate Education Committee Chairman Bob Plymale, D-Wayne.
    From Aug. 27-29, business, industry, financial and political leaders from throughout the Mountain State will gather for the West Virginia Chamber of Commerce Annual Meeting and Business Summit. The topic of advanced career placement will be discussed in an education session led by Senate Education Committee Chairman Bob Plymale, D-Wayne.
  • Judge rules rental owner waited too long

    Judge rules rental owner waited too long

    Saturday, August 23 2014 10:00 AM EDT2014-08-23 14:00:16 GMT
    The owner of three Clarksburg rental properties demolished because of alleged code violations waited too long to challenge the validity of the city's building ordinances, Harrison County Circuit Judge James A. Matich has ruled.
    The owner of three Clarksburg rental properties demolished because of alleged code violations waited too long to challenge the validity of the city's building ordinances, Harrison County Circuit Judge James A. Matich has ruled.
  • Business plan: WV is halfway through its 40-year plan to revitalize state's economy

    Business plan: WV is halfway through its 40-year plan to revitalize state's economy

    Saturday, August 23 2014 9:00 AM EDT2014-08-23 13:00:22 GMT
    West Virginia has come a long way since former President John F. Kennedy visited the hillsides in 1963. The state has seen much success, but still has much progress to make.
    West Virginia has come a long way since former President John F. Kennedy visited the hillsides in 1963. The state has seen much success, but still has much progress to make.

Paul M. Limbert has announced his intention to retire as CEO of WesBanco Inc., the largest banking company based in West Virginia. Todd F. Clossin, now of Fifth Third Bank, has been hired as chief operating officer and will succeed Limbert upon his retirement on April 30, 2014.

Limbert will retire from WesBanco with more than 37 years as a member of its management team and he will remain a member of the WesBanco board of directors and its executive committee upon his retirement.

Clossin will begin his employment with WesBanco as executive vice president and COO Nov. 4. He will begin the transitional phase of becoming CEO when Limbert retires. When Clossin becomes CEO, he will enter into a new three-year revolving term employment agreement, according to a statement issued by WesBanco Oct. 24.

Clossin currently is executive vice president and chief administrative officer of Fifth Third. There he has served in many retail and commercial capacities and most recently was responsible for strategic planning, marketing, customer experience, distribution strategies, sourcing, facilities, sustainability, social media and analytics. Other job assignments during his time with Fifth Third have include president and CEO of Fifth Third's Midwest and MidSouth Regions from 2010 to 2011, president and CEO of the Midwest and Florida regions from 2009 to 2010, president and CEO of the Midwest Region from 2006 to 2009, president and CEO of the North Ohio Region from 2004 to 2006 and president and CEO of Fifth Third Bank Tennessee from 2001 to 2004.

Before joining Fifth Third, Clossin was associated with Key Bank from 1987 to 2001, where his assignments included district president in Columbus, Ohio, and senior vice president of corporate banking in Dayton, Ohio. Clossin began his banking career with Society Bank in Canton, Ohio.

Clossin earned his bachelor's degree from Mount Union College and his MBA from the University of Akron. He is a graduate of the Darden School of Business Advanced Commercial Lending program, Weatherhead School of Business Executive Leadership program, Center for Creative Leadership's Leadership at the Peak program and Stanford University's Strategy and Organization program.

Limbert was elected president and CEO of WesBanco Inc. in August 2001 after serving as the company's executive vice president and chief financial officer. He was elected to the WesBanco board in 2003. Limbert has ben employed by WesBanco in various capacities for 37 years.

WesBanco Inc. is a multistate bank holding company of $6.1 billion in total assets providing banking services through 118 locations and 104 ATMs in West Virginia, Ohio and Pennsylvania. WesBanco's banking subsidiary is WesBanco Bank, Inc., headquartered in Wheeling. WesBanco also operates an insurance brokerage company, WesBanco Insurance Services, and a full service broker/dealer, WesBanco Securities.