EnerBank USA in Salt Lake City has chosen Charlie Knadler to succeed Louise Kelly as president and chief executive after her retirement next month.

Knadler joined the $1.1 billion-asset bank in 2004 and currently serves as chief financial officer. He was previously the bank's chief credit officer. He also serves on the executive committee of the Utah Association of Financial Services and the National Association of Industrial Bankers.

"He's prepared with the right skills and experience to keep the momentum going," Kelly said in a Thursday news release.

Kelly, who was named to American Banker's "25 Most Powerful Women in Finance," will remain on the bank's board of directors following her retirement. Kelly was the founding executive of EnerBank and previously worked for Riggs National Bank in Washington.

EnerBank, a subsidiary of CMS Energy in Jackson, Mich., provides unsecured home-improvement loans through building contractors.

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