C-suite

Eric Itambo will become chief banking officer of CoBank, where he will oversee all lending operations.

The Bridgeport, Conn., company said Friday that CEO Jack Barnes has relinquished the president's title and that Jeff Tengel has moved into the role.

Boiling Springs Savings Bank said James Nesci, formerly of TD Bank, will manage its operations and create a strategic plan.

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Grayson Hall has served as CEO since 2010. He will leave the post in July but remain executive chairman through the end of the year.

The high-profile hiring of Huntley Garriott comes a year after the North Carolina company had brought on a veteran banker to run the unit.

Whether due to costs, growing cyber threats or other factors, a growing number of credit unions are outsourcing an important C-level security role.

David Kemper is set to hand the reins over to his son, John, this summer.

The hiring of Mark Begor comes as the credit bureau has been shuffling its top managers since disclosing last year that hackers were able to access the personal data of 145.5 million U.S. consumers.

President and CEO Wendell Lyons will retire early next year, to be succeeded by current EVP Debbie Painter. Both have spent approximately four decades in the movement.