MONTPELIER, Vt. — Robert Miller will succeed Steve Post as CEO of VSECU on March 31, the $618 million credit union announced.
Miller currently is managing director at the Hartford, Conn., office of Conning & Co., a global third-party insurance asset manager.
Post will remain president until July 1, when Miller will become president and CEO. VSECU, formally known as Vermont State Employees CU, said Post will work closely with Miller as a senior advisor through the transition.
Post, who announced he would retire last year, has led the CU for 23 years. He grew an employer-based, $80 million credit union to a statewide institution serving 52,000 members.
VSECU's board said it sought a CEO candidate with leadership and strategic experience who could demonstrate a strong commitment to Vermonters and community.
Miller graduated from the University of Vermont and started his career in financial services as a retail banker. After managing several Citibank units, he moved back to Vermont as a state employee and public servant working for the Vermont Department of Economic Development as Director of Financial Services Development. He later was appointed to serve as deputy commissioner and then commissioner of the department.
"The board had a handful of very qualified individuals," said Jerry Diamond, chair of VSECU's board in a statement. "What stood out about Rob Miller is his extraordinary success in community development and relationship building in his previous leadership positions."
Miller said: "It is a privilege and I am honored to lead such an impressive organization with true vision and an extraordinary track record of delivering meaningful value to its members."
In its December 2013 call report, VSECU said it had $2.5 million in net income after assessments. Its net worth ratio was 8.41% ("well capitalized").
