Western Federal Credit Union, a $2.2-billion institution based in Hawthorne, Calif., announced it has appointed Gordon M. Howe as its CEO, succeeding John Bommarito, who is stepping down after almost 22 years.
Bommarito will remain with Western in an "advisory capacity" until his official retirement.
Western noted that Howe's ascension is part of the credit union's "longstanding tradition" of promoting from within, and the result of a long-term succession plan to develop Howe as Bommarito's successor.
Howe has served as EVP and COO at Western until his appointment in 2013 as president.
"With advancements in technology and rising member expectations, we recognize the importance of having strong continuity of leadership to support an exceptional member experience across all channels," said chairman of the board, Lloyd Mistele in a statement.
Prior to joining Western in 2005, Howe served as CEO of Santa Ana Federal Credit Union (a $62-million institution based in Santa Ana, Calif.) for two years. He also served in several high level positions at Schools First Federal Credit Union (an $11.4-billion institution also based in Santa Ana) for 16 years.
"I look forward to this amazing opportunity and expanding upon the foundation which John Bommarito has built," said Howe.
