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Univest Financial CFO to Retire, Successor Named

March 19, 2019, 07:20 AM

Univest Financial Corporation, parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, announced the retirement of Roger S. Deacon, effective June 30. Deacon has served as Senior Executive Vice President and Chief Financial Officer since July 1, 2016, when the Univest Financial acquired Fox Chase Bancorp, Inc. where he had served as CFO for nine years.

Brian J. Richardson, Executive Vice President and Director of Finance, will assume the position of CFO, effective July 1. Richardson also joined the corporation on July 1, 2016, at the time of the Fox Chase Bancorp acquisition. He had served as Senior Vice President and Director of Accounting for five years at Fox Chase Bancorp. Richardson began his career at KPMG LLP, where he served as a Senior Manager in their Financial Services Audit Practice.

To ensure a seamless transition, Deacon will remain an employee of Univest Financial through March 31, 2020, in a non-executive, part-time role.

Jeffrey M. Schweitzer, President and CEO of Univest Financial Corporation, said, “The Univest family congratulates Roger on his retirement and we appreciate his contributions to the corporation over the last three years. Brian is a valued member of the Univest leadership team and has been a part of Roger’s finance teams for the last eight years.  We are confident of a smooth transition and I wish Roger all the best in his retirement.”

Univest Financial, which has its headquarters in Souderton, Pa., was founded in 1876.

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