For immediate release
November 11, 2022
Stephen Bolton, the President, CEO and Head Coach of Libro Credit Union, has announced he plans to retire from the organization next year.
Stephen will retire on March 3, 2023, after 35 years with Libro, including 11 years as CEO. Libro’s Board of Directors has engaged executive search firm Korn Ferry to help select his successor.
He said: “When I retire, I will have spent 35 years working with and for an organization that I absolutely love. Due to my passion for Libro, this has been a difficult decision, but I know that it’s the right time for me to refocus on family and friends. I am honoured to have worked with so many amazing people, and so proud of my time working for the credit union. I know the strong team at Libro has what it takes to move us into the future.”
In his time as the credit union’s CEO, Stephen has overseen a period of unprecedented growth and success, including a series of mergers with other credit unions. He has steered Libro through challenging times, notably the Covid-19 pandemic, always relying on his strong personal values and those of the credit union.
Since 1988, when Stephen began working for the organization then known as St. Willibrord Community Credit Union, it has grown to be 51 times larger. Today, Libro Credit Union is four times the size it was 11 years ago, when Stephen became CEO, and has more than twice as many Owners, now more than 113,000. In his career, he has held positions in frontline and leadership roles and, with strong roots in farming, has always held a special interest in agriculture.
Stephen has always been active in the community and the financial services sector, serving on a number of boards. He is currently a Director on the London Economic Development Corporation Board and a former Chair and Director of the Canadian Credit Union Association. In retirement, Stephen plans to focus on family and friends, while continuing to support organizations where he feels he can add value.
Jacquie Davison, Chair of the Libro Credit Union Board of Directors, said: “We thank Stephen for his service to Libro and wish him a long and healthy retirement. As head coach, Stephen ensured we kept true to our foundations as we grew to $7 billion. Those foundational values will continue to guide the board as we select the next CEO.”
Libro’s Board is conducting a national search for the credit union’s next Head Coach, President and CEO. They have selected Korn Ferry as the executive search firm with expertise to guide a rigorous and confidential process, ensuring they find the best possible leader to continue our credit union’s work growing prosperity for Owners, staff and communities.
We would be happy to arrange media interviews with Stephen Bolton.
Media contact: Mike Donachie, Communications Manager, Libro Credit Union
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