Marilyn L. Sperling, president/CEO of the $1 billion Greylock Federal Credit Union, said Tuesday she will retire at the end of 2015.
Sperling said the timing of her announcement was intended to enable the board of directors of the Pittsfield, Mass.-based credit union to plan an orderly and effective search for new CEO.
Jerry Burke, Greylock's board chair, acknowledged that Sperling's 2015 retirement was long planned.
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"When we asked Marilyn to take on the role of CEO, she was very up front about her plans to retire in 2015," Burke said. "We would love to see her continue her successes here at Greylock, but we respect her plans and appreciate the ample notice she has provided."
Sperling established a 40-year career as a financial services professional in Berkshire County, Mass. Long recognized as the foremost real estate lender in the region, she helped Greylock become the top mortgage lender in the county, according to the credit union.
In 2003, Sperling was named Greylock's first woman SVP and managed the credit union's branch network. She was appointed president/CEO in 2010.
Burke said he established a search committee headed by Sheila Labarbera, a long-time board member and former board chair to oversee a comprehensive CEO selection process that will evaluate internal candidates, candidates from the local market and from around the country.
To facilitate the search process, the committee retained the services of D. Hilton Associates, according to Burke.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
