After a 23-year career at the Brookfield, Wis.-based Landmark Credit Union, CEO Jay Magulski announced Friday he has decided to retire at the end of this year.
Magulski has been the leader of Landmark Credit Union ($6.7 billion in assets, 396,842 members) for the past 12 years.
"I've thoroughly enjoyed the opportunity to serve our members and work with so many talented associates over the years," Magulski said. "As I look toward retirement, I think about what we've accomplished together and am extremely proud of the work the team has done to support each other, our members and our communities."
Brian Dorow, chair of Landmark's board of directors, added, "His commitment to associates, members and the community has strengthened the foundation of Landmark Credit Union and has positioned the organization well for future growth."
According to Friday’s statement, Landmark’s Board of Directors and succession committee members have begun the process of finding Landmark’s next president/CEO with help from global executive search firm Korn Ferry.
Officials expect to name Magulski’s successor by this summer.
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