Quorum Federal Credit Union in Purchase, New York, named Jeffrey Pachter as its next CEO.
Pachter, who is currently the $ 957 million-asset institution’s president, will succeed Bruno Sementilli, who is retiring next year.
Sementilli will assist with the transition, which will be effective February 1, 2022.
“Jeff’s leadership, business and financial acumen and proven performance at Quorum make him the natural choice to succeed me as CEO,” Sementilli said in a June 30 press release. “The company is well-positioned for future profitable growth, and I have full confidence that Jeff will continue to advance our success.”
Read Also
- Murder of Lola: Relatives of the girl and anonymous gathered for a last tribute Nov 16, 2022
- Do women fake orgasm? May 30, 2021
- The American tried to isolate themselves in gated island in the Park Disney World May 5, 2020
- Val-de-Marne: Assaulted by a suspect, a policewoman saved in extremis from a fall from the 3rd floor Nov 21, 2022
- Public Health Report on Coronavirus No. 326 Jan 23, 2021
- “Weak and fragile” – new worries about Princess Charlène of Monaco Sep 6, 2021
- UAE’s Vy Capital participates in India-based Urban Company’s $188 million funding round Apr 29, 2021
Sementilli spent 38 years with the credit union after joining the organization as a loan officer in 1983. He later became a branch manager and was appointed CEO in 2004.
“This leadership transition comes at the right time for Quorum,” Mark Werner, Quorum’s chairman, said in the press release. “Our history has been built by focusing on delivering the right products to the right customers at the right time and we’ve experienced significant growth and positive momentum with this strategy across the company.”
Pachter joined Quorum in 2014 as CFO and chief operations officer.
Quorum FCU earned $ 2.5 million in the first quarter, after earning $ 181,000 a year earlier, according to call report data from the National Credit Union Administration.