Limbert to retire at WesBanco; successor appointed - Beckley, Bluefield & Lewisburg News, Weather, Sports

Limbert to retire at WesBanco; successor appointed

Posted: Updated:
  • Local NewsLocal NewsMore>>

  • Man and woman arrested for making meth with babies in the house

    Man and woman arrested for making meth with babies in the house

    Tuesday, July 29 2014 8:37 PM EDT2014-07-30 00:37:47 GMT
    Deputies with the Mercer County Sheriff's Department arrested two people Monday night, when it was discovered they were making meth with 2 babies in the house. Deputy Horn told us the children are 7 and 18 months old.
    Deputies with the Mercer County Sheriff's Department arrested two people Monday night, when it was discovered they were making meth with 2 babies in the house. Deputy Horn told us the children are 7 and 18 months old.
  • How long should delays last as the Northbound lanes close at the East River Mountain Tunnel?

    How long should delays last as the Northbound lanes close at the East River Mountain Tunnel?

    Tuesday, July 29 2014 7:19 PM EDT2014-07-29 23:19:48 GMT
    Officials warn drivers to expect heavy delays Tuesday night and Wednesday night as the Northbound lanes of I-77 at the East River Mountain Tunnel close down for repairs.
    Officials warn drivers to expect heavy delays Tuesday night and Wednesday night as the Northbound lanes of I-77 at the East River Mountain Tunnel close down for repairs.
  • Will parking be an issue for Saints fans as the State Fair of West Virginia comes to town?

    Will parking be an issue for Saints fans as the State Fair of West Virginia comes to town?

    Tuesday, July 29 2014 7:19 PM EDT2014-07-29 23:19:19 GMT
    Local New Orleans Saints fans continue to watch and enjoy their beloved team as they continue to practice in our area. But as the State Fair of West Virginia grows closer and closer, some are concerned if parking will soon be an issue.
    Local New Orleans Saints fans continue to watch and enjoy their beloved team as they continue to practice in our area. But as the State Fair of West Virginia grows closer and closer, some are concerned if parking will soon be an issue.

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. 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 included 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.

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, headquartered in Wheeling. WesBanco also operates an insurance brokerage company, WesBanco Insurance Services, and a full service broker/dealer, WesBanco Securities.