First Data's Todd Clark will become the new president/CEO of CO-OP Financial Services in Rancho Cucamonga, Calif., the CUSO's board of directors announced Tuesday.
Clark is SVP/head of STAR Network and Debit Processing at First Data Corporation, which is headquartered in Atlanta. He will replace outgoing president/CEO Stan Hollen, who announced in January that he would retire at the end of May.
Clark's first day as CO-OP president/CEO will be June 27. Hollen will remain in his current capacity as president/CEO until then, Senior Manager, PR & Corporate Communications Manager Bill Prichard told CU Times.
"After a nationwide search, the board of directors is delighted to report that Todd will be leading the industry's largest credit union service organization in terms of credit unions and members served," CO-OP board chairman Jeff Napper said in a release. "We are confident he will build upon the strong growth and accomplishments of Stan over the past 11 years. Todd's extensive 25 years of experience as a proven and well-respected leader in the payments systems industry will benefit and serve credit unions well for many years to come."
At First Data, Clark (pictured at left) had full profit-and-loss responsibility for the EFT Group and led a team of more than 600 people, according to CO-OP. Prior to First Data, Clark was an executive with Cardtronics, Inc.; he also worked at First Data from 1991 to 2012.
Retiring President/CEO Stan Hollen leaves behind a career that spanned more than 45 years. Prior to joining CO-OP, Hollen was vice president for the $5.1 billion CEFCU in Peoria, Ill.; president/CEO of Liberty Enterprises, Inc. in Mounds View, Minn.; and president/CEO for the $9.5 billion The Golden 1 Credit Union in Sacramento, Calif.
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