The $2 billion Royal Credit Union in Eau Claire, Wis.,said Tuesday Randy Beck (pictured) will serve as interimpresident/CEO starting April 15.
He will replace Royal President/CEO Rudy Pereira, who announced last month hisresignation to take the president/CEO position at the $2.2 billionPremier America Credit Union in Chatsworth, Calif. Pereira willsucceed Premier America President/CEO John M. Merlo.
|Royal's board of directors launched a nationwide search for itsnew president/CEO. The process is expected to take severalmonths.
|Though Beck was planning to retire on May 31, heagreed to stay on through the transition process.
|Beck holds more than 40 years of experience at Royal and servesas its EVP of risk management.
|“Randy's expansive knowledge of Royal and the credit unionindustry along with his commitment to our core purpose and valuesmake him the right person to lead us through the transitionprocess,” Royal Board Chair Doug Olson said in a preparedstatement. “I want to thank Randy for his willingness to delay hisfuture plans so that a seamless transfer of leadership canoccur.”
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