GreenState Credit Union announced Monday that Todd Fanning, the company’s chief financial officer, has been appointed interim CEO, effective immediately.
Mr. Fanning succeeds Jeff Disterhoft, who has retired from the company, according to a release.
The GreenState Board of Directors has begun a comprehensive search process to identify a permanent CEO. To assist in the process, the board has engaged Spencer Stuart, a leading executive search firm, and will evaluate both internal and external candidates for the role.
Mr. Fanning joined GreenState in 2012 as its CFO and has overseen the company’s financial planning and analysis, accounting and risk functions. Mr. Fanning has over 30 years of executive leadership expertise in the banking industry, previously serving as CFO, chief operating officer and a member of the Board of Directors of Citizens First National Bank.
“Todd has been an invaluable member of our leadership team over the past decade, and his deep understanding of our business, our members and our communities makes him the ideal person to step into this interim CEO role,” GreenState board chair Fred Mims said. “The board is committed to conducting a comprehensive search to identify the best candidate to serve as the next CEO and steward the next chapter of success for GreenState. On behalf of everyone at GreenState, I want to thank Jeff for his valuable contributions and many years of service.”
“I look forward to continuing my work with the board, leadership team and all of our constituencies to meet the financial needs of our valued members,” Mr. Fanning said. “With GreenState’s well-established brand and talented team, we are focused on delivering value to our members while executing on our business strategy and providing exceptional service.”
“It has been the privilege of my career to lead GreenState and I am proud of all that this fantastic team has achieved in service of our communities and its members,” said Mr. Disterhoft, who has served as GreenState president and CEO since October 1999. “I look forward to seeing GreenState continue to succeed for decades to come.”
Headquartered in North Liberty, Iowa, GreenState Credit Union is Iowa’s largest credit union and the country’s 19th-largest overall.
