ABA Chief Ogilvie Announces Retirement April 2005; EVP Yingling to Succeed

WASHINGTON- Donald G. Ogilvie, president and CEO of the American Bankers Association for nearly 20 years, has announced that he will be retiring as of April 2005. ABA’s Executive Vice President Edward L. Yingling will succeed Ogilvie at the helm of the trade association. “Don told the Board of Directors that he felt that next April-when he turns 62 and completes 20 years of service with ABA-would be the right time to step down as CEO,” ABA Chairman Ken Fergeson said. “Under Don’s leadership, ABA has strengthened its position as the leading trade association for the financial services industry and is well positioned to maintain this leadership role as we go forward.” Ogilvie joined ABA in 1985 after serving as corporate vice president of the Celanese Corporation in New York for five years. He was associate dean at the Yale School of Management before that and also previously served at the Office of Management and Budget and the Department of Defense. He is a graduate of Yale University and the Stanford University Business School. On Ogilvie’s departure, CUNA President and CEO Dan Mica said, “We wish Don the best in his future endeavors, and we understand that he is looking forward to finally joining a credit union once he’s out of ABA.” “Don Ogilvie has always conducted himself in a professional manner in the dealings I have had with him since coming to NAFCU and we have found common ground on some issues,” NAFCU President and CEO Fred Becker said. “When it comes to the tax exemption, however, we quite obviously parted ways.” Ogilvie’s successor, Yingling, also joined ABA nearly 20 years ago in 1985, and currently oversees the trade’s government relations department, including the regulatory, compliance, legal, and economics offices. He has spent his career in bank regulation and legislation and has consistently been named one of the top Washington lobbyists, according to ABA. Yingling graduated from Princeton University and Stanford University Law School. “Ed and I have been partners for almost 20 years in creating the ABA as we know it today-an association focused on providing world class representation of and service to the banking industry,” Ogilvie said. “Ed will be a first-rate CEO.” ABA Chairman Fergeson added, “Ed is well known throughout the banking industry. He is uniquely suited to lead this great association in the challenging years ahead. There is not a more qualified or better person to fill this position.” The ABA’s representation of community, regional and money center banks and holding companies, as well as savings associations, trust companies and savings banks makes ABA the largest banking trade association in the country. [email protected]