Cues Podcast

Stay Open to the Options in CEO Succession and Mergers

Informações:

Synopsis

Episode 137 of the CUES Podcast tells a story of CEO succession that includes two leaders splitting the president and CEO roles for about six months;  doing additional planning for the expected retirements of the longtime CFO and CIO; consideration of several merger options; and a merger. This is the story of Charlotte Metro Credit Union, which just as we were about to publish this episode announced its new name will be Skyla Credit Union. Our guests for this episode are CUES member Bob Bruns, retiring president/CEO, and Eric Gelly, incoming president/CEO for the $1 billion institution in North Carolina.“It was quite a learning experience for our board to be very open-minded about what the options were,” in terms of choosing a new CEO and leadership team through either a recruitment process or a merger, Bruns says in the show. In the end, the board decided to hire Gelly and merge with a credit union of similar size, Premier Federal Credit Union, Greensboro, North Carolina. Gelly describes the handoff from Bru