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CEOs Agree FOM Background Helps On the Job

New CEOs expect a learning curve when it comes to new fields of membership, but do CEOs with backgrounds that match their FOMs have an advantage over their peers?

By Heather Anderson | Updated on March 04, 2008

BUENA PARK, Calif. — New CEOs expect a learning curve when it comes to new fields of membership, but do CEOs with backgrounds that match their FOMs have an advantage over their peers?

Mark Swenson, board chairman for $31 million California Agribusiness Credit Union, believes they do. A few years ago, the credit union’s newly hired CEO experienced a change of heart, and left for another job closer to home–an important quality of life issue in grid-locked Southern California.

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