Lord, who has served as SECU's CFO since 1986, succeeds Jim Blaine.
Boards conducting a CEO search should also focus on cultural fit, experts say.
Murphy will leave the league effective June 1, 2017.
Ongoing recruitment is key to ensuring smooth transitions.
Keys to building and maintaining a strong board pipeline.
Experts explain how to address succession planning challenges at small and midsize credit unions.
Ready to create a pipeline of strong internal chief executives?
For smaller credit unions, resource and time investments are required to secure a strong roster of future leaders.
Succession planning, recruiting efforts and flexibility can help credit unions infuse new energy into their boards.
Today's executive compensation trends include simpler contracts featuring performance pay parameters.