CEO & Board Succession Planning - Course: V422M
Lisa Hammock, Executive Recruiter
FCUL Service Group/HRx
Session Description
Succession planning has taken on more importance during the past few years. Nearly half of all credit union CEOs plan to retire in the next 10 years, about one quarter of them in the next five years. A good succession plan charts a plan of action for the board and employees that covers a variety of situations including the death of a CEO, accidents, disability, termination, or retirement. Boards play a critical role in succession planning by ensuring that the credit union will serve members effectively even if key staff or directors are unable to continue in their positions.
About the Speaker
 Lisa Hammock has 20 years of experience in the financial services industry, beginning her career as a teller with Wachovia Bank and working her way through the ranks to a senior leadership position. Her successful career in banking blended with her credit union experience gives her unique insight into the leadership needs of credit unions and what they need to grow and thrive in the financial services marketplace.
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