The board of directors of the $33.7 billion State Employees' Credit Union appointed Michael J. Lord as its new president/CEO Wednesday.
He succeeds SECU President/CEO Jim Blaine who announced his retirement in May after 37 years of service.
Lord joined the Raleigh, N.C.-based SECU in 1975 and served as its CFO since 1986.
He also serves as an officer of the SECU affiliated companies, which include a broker/dealer, a registered representative holding company, a property management company and a life insurance company.
“Mike is a strong leader with institutional experience and future vision, and we are fortunate to have him lead SECU during this next phase in our organization,” Blaine said.
SECU Board Chair Cynthia Jolly acknowledged Lord's experience, leadership and participation in providing services to members over many years of the credit union's dramatic growth.
“Mike has been involved at a senior leadership level over many years of change and rapid growth at SECU,” Jolly said. “The board is excited to have him as our next CEO. His experience combines the knowledge of where we have been with where we want to be in the future in meeting our members' financial needs.”
Lord will assume his CEO duties on Sept. 1.
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