ALEXANDRIA, Va. – David Marquis, who has run NCUA's Office of Examination and Insurance since 1994, will become the agency's executive director as of Jan. 1, the NCUA board announced today.

Marquis will succeed J. Leonard Skiles, who is retiring from the position at the end of December and has held the post since February 2001.

"Len Skiles has been an integral part of NCUA for most of its history, and he will leave behind a legacy of excellence. It will be a challenge to the rest of us to live up to the standards that he has set," NCUA Chairman Michael E. Fryzel said in a statement. "Fortunately, part of that legacy has been an abundance of exceptionally talented staff, and that is one of the reasons why NCUA will continue to perform at a high-level with Dave Marquis at the ED helm."