Silver State Gets a Veteran CEO in Andrew Hunter
The David Rhamy saga at the long-ailing Silver State Schools Credit Union in Nevada ends next Monday with the CEO’s retirement and succession by the former CEO of Patelco Credit Union, Andrew Hunter.
The 61-year-old Hunter is coming out of retirement to assume the turnaround task at the privately insured $725 million Las Vegas-based Silver State. He said he was formally approached about the top job two months ago and had previously been considered by the Silver State board for a key management support job.
Hunter told Credit Union Times he had previously been considered as a candidate for “chief restructuring officer,” a new title formally created by the Silver State Board to assist Rhamy.
Michael Sacher, former partner-in-charge at the McGladrey Pullen accounting firm in Los Angeles, was brought in to take that title. He had replaced William Connors, a retired president/CEO of Purdue FCU of West Lafayette, Ind., who was hired in 2010 to help restore the balance sheet.