With a retirement looming, Northern Savings once again on the search for a President and CEO

Northern Savings will launch another Executive Search 
as Current CEO and President Bob Marshall announces his
retirement plans for the end of the year

Prince Rupert based financial savings organization Northern Savings made note of a pending departure on Monday, updating its members on the retirement plans for CEO and President Bob Marshall, who will step away from his duties at the end of 2021.

As part of their relay of the news, Northern Savings Board Chair Jamie Malthus paid tribute to the CEO's time at the helm as part of the statement issued on Monday.

 “The Board of Directors is grateful to Bob for his perseverance and hard work, especially during these unprecedented times and we wish him the very best in his retirement”

Northern Savings also highlighted some of the themes that evolved during Mr. Marshall's time of leadership for the institution, which serves the region with branches in Prince Rupert, Terrace and on Haida Gwaii.

During Bob’s tenure as CEO, Northern Savings continued to experience capital levels which remain well above regulatory obligation. Bob also worked closely with the Senior Leadership Team and Board to develop a solid strategic plan which will navigate the credit union in the future – with a robust suite of innovative technological services. 

Mr. Marshall joined the organization in May of 2019, that after a lengthy search for a new President and CEO, that quest coming following a number of departures at the financial service provider over the previous few years.

His plans for retirement comes as Northern Savings makes final preparations towards the introduction of a banking system conversion which is set to go live in mid November, a topic the soon to retire CEO made note of in his comments.

Northern Savings President
and CEO Bob Marshall

“Our team continues to work towards a smooth transition for members and employees and I am excited to see the credit union through this project before my retirement. I am honoured to have worked with a strong group of colleagues here at Northern Savings, who are truly committed to fulfilling our vision of neighbours helping neighbours to build sustainable communities.”

We outlined some of the background to that system conversion earlier this spring.

As for the search for his successor, the Northern Savings Board Chair outlined the process ahead of the financial group.

The Board of Directors will immediately begin a national search to identify a long-term, qualified, and permanent CEO. The Board seeks a candidate with the expertise, passion, and commitment to move Northern Savings forward in providing a financially strong credit union for our members, employees, and communities.

The full Northern Savings statement can be reviewed here.

More notes on the Northwest Commercial sector can be explored here.