SAN DIMAS, Calif. — WesCorp Executive Vice President and Chief Financial Officer Todd Lane is leaving the corporate after more than 20 years on the job to succeed Alec Berkman as CEO of Executive Compensation Solutions effective April 21.
Glendora, Calif.-based Executive Compensation Solutions (ECS) specializes in executive compensation and benefit solutions for the credit union industry.
"[Lane's] vast experience and knowledge of credit unions, combined with the many successes he achieved at WesCorp as one of their longest tenured executives, makes him very well suited to take the reins of command at ECS," Berkman said. Berkman, who will stay on at ECS as board chair, said the private company had been wooing Lane for several months.
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Chief among Lane's contributions to WesCorp and the corporate system was the application of interest-rate risk management. In the late 1980s, Lane recognized the importance of Thrift Bulletin 13, a regulatory policy governing risk management for the thrift industry. Lane applied the same risk management standards at WesCorp, and after the NCUA eventually endorsed the practice, it became standard procedure at other corporates.
"It's tough to leave a job that you're excited about coming to every day, even after 22 years, but I'm equally excited about going into a new role and growing ECS, and continuing my effort to bring value to the credit union industry," Lane said.
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