Bob Cipriani, president/CEO of Octant Business Services LLC, will retire once a successor is named, the business lending CUSO said Monday.
Cipriani has served as CEO since 2006 of the Littleton, Mass.-based Octant, which is owned by nine New England credit unions.
Under Cipriani's leadership, the CUSO has experienced growth by expanding its business-loan underwriting, servicing and portfolio administration services to more than 25 credit unions, increased the CUSO's financial stability and improved operational efficiency, said Tom White, chairman of Octant's board of managers.
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