David Addison, the former president/CEO of the troubled Texans Credit Union, has resurfaced.
Addison is chairman/CEO of Aberdeen Capital Holdings Inc., according to his LinkedIn profile. He apparently has served in both roles since December 2008, which was one month before he resigned in January 2009 from the $1.6 billion Texans CU. Addison had served at the helm of the cooperative in Richardson, Texas, since 2003.
It is not clear if Aberdeen Capital is a firm Addison started. The company is based in the Dallas/Ft. Worth area and lists Addison as the only employee, according to his LinkedIn profile.
The financial troubles Texans experienced had appeared to take a toll on Addison and led to his resignation, said Michael Sauer at the time of the announcement. A member of Texans’ board since 1992, Sauer was named interim CEO shortly after Addison’s departure before being appointed the permanent president/CEO in April 2009. Sauer, along with Texans’ board of directors, was removed by the NCUA in April when the agency placed the beleaguered credit union in conservatorship April 15.
Addison did not respond to an e-mail for comment. A phone listing for Aberdeen was not found in the Dallas or Ft. Worth areas. In Addison’s LinkedIn profile, a company website link connects to Texans, not Aberdeen.