C-suite

The New York-based credit card issuer is expanding its board to 13 members with the addition of Karen Parkhill.

All three executives began as tellers and have been with the institution for a dozen years or more.

Mendell Thompson, who has led the Glendora, Calif.-based institution for more than 30 years, plans to retire later this year.

The promotion of Melinda Chausse was one of several leadership changes the Dallas company announced this month.

Eric Smith and Michael Morton have been brought on as vice chairs to help build out the Chicago bank's commercial lending arm.

Justin Olson will take the helm from CEO Jim Lumpkin, who led the $90 billion-asset USAgencies for more than two decades.

Dennis Hanson, the credit union’s longest-serving chief executive, has announced his plans to retire. A new leader will take the helm in April.

A shrinking industry and inadequate succession planning – particularly at smaller credit unions – is likely to increase competition for top talent and make executive recruitment even more challenging in the year ahead.

The Charlie Scharf era began with the company's lowest quarterly net income in more than nine years. Culprits included falling revenue, rising salaries and yet more financial fallout from the bank's sales scandal.

Stephen Calk and the bank where he formerly served as CEO are both arguing that his bribery trial should be held in Illinois. Prosecutors oppose the move.