Penn-Northwest Renews Seitz’s Contract as CEO

MERCER, Pa., The board of the Penn-Northwest Development Corp., the lead economic development agency for Mercer County, Monday renewed the employment contract of its president and CEO, Randy Seitz, for another three years.

Terms of the new contract were not disclosed but the latest IRS form 990 Penn-Northwest filed shows that shows Seitz was paid $123,230 in 2014. He said Monday that he is “fairly compensated” and that “I got a small raise” under his new contract.

As a 501(c)3 organization under the IRS code, Penn-Northwest is considered a private charitable entity and not required to disclose the salaries of all members of its staff.

Said Lew Kachulis, chairman of the Penn-Northwest Board of Directors, “Mr. Seitz has taken Mercer County’s economic development program to a whole new level. The board has the utmost confidence in Mr. Seitz’s leadership and salesmanship and with renewing his contract, we look forward to what is yet to come for Mercer County.”

In his first three years as CEO of Penn-Northwest, Seitz has “transformed itself with a new corporate identity, new marketing campaign and branding strategy,” Penn-Northwest said in announcing Seitz’s new contract. The board cited his “creation of a carefully designed ‘Program of Work’ [with] specific measurable goals and objectives” that have allowed the board to easily assess the “increase in prosperity in Mercer County.”

Seitz’s “Make it in!” marketing campaign contributed to 16 companies relocating to Mercer County during his first three years, according to the announcement. Among them are Boise Cascade, Noise Solutions, Pocono Pro-Foods, Penn Stainless Products and Precision Castparts. Another achievement was the retention of 20 companies that expanded their operations in Mercer County.

Before coming to Mercer County in January 2012, Seitz held similar positions with economic development agencies in Texas, New York and elsewhere in Pennsylvania.

SOURCE: Penn-Northwest Development Corp.

Copyright 2024 The Business Journal, Youngstown, Ohio.