In an unforeseen management shift, Benson Porter, president/CEO of the $5 billion First Tech Federal Credit Union of Palo Alto, Calif., will be taking over the $9.7 billion BECU of Tukwila, Wash., next April, succeeding retiring CEO Gary Oakland.
Porter, who was selected for the job after a nearly yearlong search for Oakland's successor, is widely known as the 2010 architect of the nation's largest CU mega-merger of Addison Avenue FCU and First Tech of Beaverton, Ore.
The First Tech CEO, who served five years as head of Addison Avenue, told Credit Union Times that while his tenure at the California CU has been a terrific experience, he could not pass up the chance to return to his native Seattle.
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