CO-OP Financial Services announced that Todd Clark will become its new president and CEO, effective June 27, succeeding Stan Hollen, who is retiring.
Jeff Napper, the chairman of the board of the Rancho Cucamonga, Calif.-based CUSO, explained in a statement that Clark was selected following "a nationwide search."
"We are confident [Clark] will build upon the strong growth and accomplishments of Stan over the past 11 years," Napper said. "Todd's extensive 25 years of experience as a proven and well-respected leader in the payments systems industry will benefit and serve credit unions well for many years to come."
Clark most recently worked as SVP and head of STAR Network and Debit Processing for First Data Corporation, where he had full profit and loss responsibility for the EFT Group. In this role, he led a team of more than 600 product, strategy, communications, strategic sales, technology, operations and support personnel.
Before his employment at First Data, Clark was an executive with Cardtronics, Inc., and also served in a prior capacity at First Data from 1991 to 2012.
"I believe my close work with CO-OP as a senior manager with key business partners of CO-OP will serve me well in this position, as we seek to help credit unions maintain their standing as the best providers of financial services in the world," Clark said.
