MADISON, Wis. (11/12/13)--Robert N. "Bob" Trunzo will be CUNA Mutual Group's next president/CEO, succeeding Jeff Post, announced CUNA Mutual Group's board Friday. Post is retiring and Trunzo's appointment will be effective Jan. 1.
Trunzo, who joined CUNA Mutual in June 2005, has held a number of senior leadership positions, most recently as president of CUNA Mutual Group Insurance and Financial Services. Trunzo becomes the company's eighth president in its 78-year history.
"After a thorough succession planning process and extensive consideration, the Board of Directors is excited to have Bob carry on CUNA Mutual Group's rich tradition and execute our future strategy," said Eldon Arnold, board chairman.
"Bob is uniquely qualified to carry on the work we started nine years ago to help credit unions, their members, small business owners and America's farmers reach their financial goals" said Post. "He has been an integral part of what we built and is the best person to carry the vision forward."
Trunzo received his bachelor's degree in political science from the University of Kentucky and his law degree from Marquette University. He also completed the Kellogg School of Management Executive Program at Northwestern University in 2011.
A native of Louisville, Ky., Trunzo was Secretary of Commerce under former Wisconsin Gov. Tommy Thompson. He is a board member of the U.S. Chamber of Commerce and the American Council of Life Insurance. He also served as chairman of the Southeast Wisconsin Professional Baseball Park Board, which oversaw the design, financing and construction of Miller Park, home of the Milwaukee Brewers. Trunzo and his wife, Anne, have three children.
In his role as president of CUNA Mutual Group Insurance and Financial Services, Trunzo was responsible for the products, distribution and service of the company's U.S. credit union businesses as well as its 401(k) business. He also was responsible for nearly 3,000 of the company's 4,500 employees and approximately $2 billion of CUNA Mutual Group's annual revenues.
"The Board of Directors is pleased with the progress and past successes of CUNA Mutual Group and looks forward to many more years of serving all of its stakeholders. Jeff will be assisting the Board and Bob to assure a smooth transition through July of 2014," Arnold said.
"It is an honor to be selected to succeed Jeff, and the previous leaders who have made CUNA Mutual an industry leader," said Trunzo. "I am energized and excited about the challenge."
Post joined CUNA Mutual Group in January of 2005. He led a multi-year transformation plan that repositioned the organization for success in the credit union marketplace and beyond. The plan included reinvention of CUNA Mutual Group's sales distribution model and its customer service, product and investment strategies.
As CUNA Mutual's eighth president, Trunzo follows a long line of leadership that included:
- 1934-1945: Roy R. Bergengren, managing director of CUNA, CUNA Mutual and CUNA Supply Cooperative;
- 1945-1955: Thomas W. Doig, managing director of CUNA, CUNA Mutual, and CUNA Supply Cooperative;
- 1956-1973: Charles F. Eikel Jr., managing director of CUNA Mutual;
- 1973-1988: Robert L. Curry, president of CUNA Mutual;
- 1988-1995: Richard M. Heins, president of CUNA Mutual Insurance Society and CEO of its wholly owned U.S. subsidiaries;
- 1995-2004: Michael B. Kitchen, president/CEO of the CUNA Mutual Group and Century Companies of America; and