Sandia Laboratory Federal Credit Union names new CEO

Sandia Laboratory Federal Credit Union in Albuquerque, New Mexico, has named Stephanie Sherrodd as its next CEO.

The $3.5 billion-asset credit union said that Sherrodd will become the new head of the credit union effective Jan. 2, succeeding current CEO Robert Chavez who in September announced that he intended to retire.

The board “selected Stephanie for her extensive experience in operations, developing great customer experiences across diverse channels, her utilization of digital strategy and transformation and her track record of acquiring and developing high-performing talent,” Chair Charles Maheras said in a news release Monday.

Chavez will step down from his position at the head of the credit union and into an advisory role to assist the transition.

Sherrodd, who has worked in the industry for 24 years, had been CEO of the $4 billion-asset Texas Dow Employees Credit Union in Lake Jackson, Texas, since 2012 until this spring. She resigned on April 30 to “pursue other opportunities,” Texas Dow said in a release at the time.

“I truly believe that credit unions make a positive difference in people’s lives and am looking forward to continuing SLFCU’s legacy of excellence,” Sherrod said in the release Monday.