CUNA Mutual Hires Former Fireman's Fund CEO to Lead Company
MADISON, Wis. -CUNA Mutual Group has gone outside the credit union industry, but within the insurance industry to find its new CEO. The company has named Jeff Post, former president and CEO of Fireman's Fund Insurance Company, Novato, Calif., as its new CEO. He started on Jan. 17. Fireman's Fund has $10 billion in assets, so it's almost on par with the $13 billion CUNA Mutual. Post joined Fireman's Fund in May of 1994 as chief actuary. He was appointed CFO in January 1996 and became CEO in January 2001. He resigned as CEO last May for personal reasons, according to Fireman's Fund. Post, 45, has roots in the Midwest. He hails from Omaha, Nebraska and graduated from the University of Wisconsin with a degree in business administration. He has no official credit union experience, but CUNA Mutual said he's a long-time credit union member. He currently belongs to the $1 billion Redwood CU, Santa Rosa, Calif. Interview requests with Post were turned down. Since August CUNA Mutual CFO Jeff Holley has been serving as interim CEO. Holley will return to his CFO post and Lon Sprecher, who was serving as interim CFO, will return to leading the Credit Union Employee and Credit Union Protection Solutions Group. The CEO vacancy opened up at the company when former CEO Mike Kitchen resigned after telling the board he offered $1,000 for legal services to a group of employees seeking to form their own bargaining unit. The group recently succeeded in forming that unit.