Wintrust Financial (WTFC) announce two Board members not seeking reelection

Wintrust Financial Corporation (NASDAQ: WTFC) today announced Edward J. Wehmer and Scott K. Heitmann will conclude their long-time service as members of the Board of Directors at the Annual Meeting of Shareholders to be held May 22, 2025.

“The leadership and expertise Ed and Scott have brought to our Board of Directors throughout their tenures cannot be summed up in a few words,” said H. Patrick Hackett, Jr., Wintrust Chairman of the Board. “We are immensely grateful to both Ed and Scott for their Board service as Wintrust has grown to the very successful $65 billion financial services enterprise it is today.”

Wehmer opened the first Wintrust Community Bank location in 1991 when he launched Lake Forest Bank & Trust. He has served on the Board since the initial formation of Wintrust as a public company in 1996 and was President and Chief Executive Officer until May 2023. At that time, under the previously announced transition plan, Tim Crane was appointed President and Chief Executive Officer and Wehmer transitioned to Executive Chairman, a role he held until May 2024, as well as Founder and Senior Advisor, a role he continues to hold. He will be appointed Chairman Emeritus following the 2025 Annual Meeting.

“Wintrust is coming off its best year ever,” Wehmer said. “The future for our company is bright. I will very much continue to be a resource and a sounding board for Tim and the management team in my role as Founder and Senior Advisor of the company. Of course, I remain a passionate advocate for Wintrust and our different approach to serving our customers across all of our businesses.”

Heitmann joined the Board in 2008, bringing his vast banking industry experience with LaSalle Bank Corp., Standard Federal Bank and the Federal Home Loan Bank of Chicago to Wintrust as the company navigated a challenging banking environment.

“Scott’s deep experience in banking provided us with valuable counsel as we realized opportunities to grow our Wintrust Community Banks, as well as support to navigate challenges our industry has faced over the last 17 years,” Hackett said.

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