Succession planning

The Maine-based credit union's president has retired after 30 years at the institution.

Justin Olson will take the helm from CEO Jim Lumpkin, who led the $90 billion-asset USAgencies for more than two decades.

Dennis Hanson, the credit union’s longest-serving chief executive, has announced his plans to retire. A new leader will take the helm in April.

A shrinking industry and inadequate succession planning – particularly at smaller credit unions – is likely to increase competition for top talent and make executive recruitment even more challenging in the year ahead.

The Providence, R.I., bank said that Rick Suarez would succeed Rob Clarfeld as head of Clarfeld | Citizens Private Wealth.

Patrick O'Brien had been CB Financial's president and CEO for about two years.

In the newly created role, Daniel Budington will be responsible for developing strategic partnerships and identifying growth opportunities.

In his new role, David Chubak will oversee all of Citigroup’s retail channels, product management and client segments.

Andy Kempf has taken the helm from David Leusink, who retired after 30 years in the credit union movement.

Laurie Baker, a 25-year veteran of the credit union, will take the helm next month after longtime CEO Mike Vadala retires