MOUNDS VIEW, Minn. - With any acquisition, how the management of the acquired company will fare is never really clear until the deal goes down and in the months following. Liberty CEO Stan Hollen, who has been in the job less than three years, doesn't know his fate just yet. Hollen said it's too early to tell and those details haven't been worked out. The Liberty job was a new life for Hollen's career so to speak. He spent 17 years at the $5 billion The Golden 1 CU in Sacramento before resigning to pursue other interests. Hollen is known for his payment systems prowess. The Golden 1 turned a $150,000 investment into the Star network into a $30 million windfall when it was sold to Concorde EFS. He also was a key player in getting indirect lending off the ground in California, helping form CUDL. Hollen, in his mid-50s, said he doesn't know what his future is, but one thing he doesn't want is to retire. "I will entertain proposals, but retirement won't be one of them," he said.
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From the April-13, 2005 issue of Credit Union Times Magazine • Subscribe!
What Does Harland Deal Mean For Hollen?
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