BayPort Credit Union in Newport News, Va., has named James Mears as its new CEO.
The $1.6 billion-asset institution said on Monday that Mears, who currently serves as its chief operating officer, will take over on April 1.
BayPort’s board commenced the search for a new CEO in 2018 when George Dudley Jr. announced his retirement after 25 years in the top job. Stanley Leicester II had served as interim CEO since May.
“After a nationwide search and interviewing many qualified candidates, it’s clear that Jim’s knowledge, experience, and vision make him the right choice to lead BayPort into the future,” Suzanne Beckstoffer, BayPort's chairman, said in a statement.
BayPort said Mears has worked for the credit union for 25 years, serving as COO for the past 15 years.
The credit union earned $10.7 million in 2018, a roughly 47 percent increase from 2017.
