PHOENIX — As baby boomer CEOs retire, boards are increasingly replacing them with chief financial officers, D. Hilton Associates President/CEO David Hilton told attendees during his breakout session at the CUNA CFO Council conference May 20 at the Wild Horse Pass Resort.
Of the 255 CEOs that credit unions have hired during the past 18 months, 64% have promoted or hired CFOs. The trend reverses a previous preference for executives with technology know-how.
“Anyone in this room who thinks won't get that CEO opportunity is wrong,” Hilton said.
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