Southern Financial FCUs John Simmonds To Retire

December 14, 2010, 10:14 p.m. EST 1 Min Read

FRANKLIN, Tenn. – Southeast Financial FCU said it will split the CEO’s job between two senior vice presidents upon next year’s retirement of John Simmonds, the current president and CEO of the $415 million credit union.

The two executive vice presidents, Jeff Dahlstrom and John Jacoway, will officially split the dual jobs when 63-year-old Simmonds retires. Employees currently report either to chief operations officer Dahlstrom or chief financial officer Jacoway, and they said much of the organization’s structure will remain the same as a result.

Simmonds, a former banking regulator and credit union CEO, has been leading the credit union since 1999.

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