WILMINGTON, Del., April 29, 2013 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced the election of two new members to its Board of Directors: Eleuthère I. du Pont and David G. Turner. Both were elected to the Board for a three-year term at the Annual Meeting of Stockholders held on April 25, 2013.
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Eleuthère I. du Pont is President of the Longwood Foundation, a private foundation principally supporting charitable organizations in the Delaware Valley. Mr. du Pont serves on the Board of Directors of E. I. du Pont de Nemours and Company, is Chair of its Audit Committee and is a member of its Science and Technology Committee. In addition, he is Chairman of the Board of the Delaware Alliance for Nonprofit Advancement (DANA) and of the Community Education Building.
Prior to his current positions, Mr. du Pont was Senior Vice President for Operations and Chief Financial Officer of drugstore.com, where he was responsible for distribution and pharmacy operations, purchasing and finance. He also served as President and Chief Financial Officer of Wawa, Inc., a retailer operating more than 550 food market stores in the Mid-Atlantic region.
Mr. du Pont received a Bachelor of Science in Mechanical Engineering and a Master of Business Administration from Stanford University.
"Thère will bring a wealth of knowledge on corporate governance, accounting and finance, in addition to operations, retail, information technology and investment management to our Board of Directors," said Marvin N. Schoenhals, WSFS Chairman.
David G. Turner is Vice President and Partner at IBM Global Business Services where he leads the North American Analytics Practice for its financial services clients. Previously he was employed with MBNA / Bank of America serving in senior leadership roles, retiring as the Chief Data Officer responsible for the enterprise information strategy. Mr. Turner was also Executive Vice President at Gateway, Inc. after beginning his career at AT&T where he spent 14 years in sales, marketing and e-commerce roles.
In addition to his current position, Mr. Turner is Vice Chairman of the Board of Trustees of Delaware State University and adjunct professor at the University of Delaware.
Mr. Turner received a Bachelor of Science in Computer Science and Mathematics from Delaware State University, a Master of Science in Information Systems from Farleigh Dickinson University and has attended Tuck Executive Education at Dartmouth College.
Mr. Schoenhals added, "David's significant expertise in banking and financial markets with experience in the areas of product development, marketing and sales, analytics and technology will be a tremendous asset to our Board."
"I am pleased to welcome Thère and David to the WSFS team. We are extremely fortunate that both will bring their unique insights, proven leadership and depth of experience to an already talented and dynamic team of Directors," continued Mr. Schoenhals.
About WSFS Financial Corporation
WSFS Financial Corporation is a multi-billion dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest, locally-managed bank and trust company headquartered in Delaware with $4.4 billion in assets on its balance sheet and $17.0 billion in fiduciary assets, including approximately $1.1 billion in assets under management. WSFS operates from 51 offices located in Delaware (42), Pennsylvania (7), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking and trust and wealth management. Other subsidiaries or divisions include Christiana Trust, WSFS Investment Group, Inc., Cypress Capital Management, LLC and Cash Connect®. Serving the Delaware Valley since 1832, WSFS is the seventh oldest bank in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.
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CONTACT: Stephanie A. Heist
(302) 571-5259
sheist@wsfsbank.com
