Saturday, November 2, 2024

Review And Reflection #13: The Improbable CEO Hire

https://insightsnlp.com/wp-content/uploads/2017/03/good-choice-bad-choice.jpg  ... where to start?

Not going to say much about this situation, but the cascade of controversy which occurred at SECU from September, 2021 to May, 2023 was unprecedented - no disagreement there!

The SECU Board had selected a most improbable leader. Plenty of room for finger-pointing on what followed operationally, financially, and with staff and member trust; but the core question of SECU Board judgment still stuns ... Why did they do that? 

Nationally, many credit union professionals with long memories were pretty d-sure a mistake had been made, the SECU Board had been foxed! [If you want the whole history start here -"The Candidate Search"]. 

Hope you will note that far from being "disguntled"; at the time, I made no comment on the CEO selection. The Annual Meeting Resolution was not made until over a year later in October, 2022. In that resolution no mention is made of the CEO. The resolution questions were addressed to the SECU Board. 

Being disgruntled wasn't required to simply watch and listen to the "kettle boil over" at SECU during September, 2021 to May, 2023 - missteps and mishaps mounted! 

The SECU Board issued a public letter of support for the CEO - all Board members "hand-signed"!  

Much to the surprise of the SECU Board, the CEO departed abruptly the following week - evidently he was "disgruntled".

 ✅ Improbable decisions, lack of transparency,  and questionable judgment by any group is "a red flag" which erodes confidence and destroys trust.

😎 Being disgruntled is the result, not the reason!


  ... hang on,  one more day, finish tomorrow!