SACRAMENTO – The board of the $3.7 billion The Golden 1 CU here has enacted its CEO succession plan.
The CEO spot was left vacant when after 17 years Stan Hollen announced that he would be stepping down effective the first of the new year.
Manny Mateo, chairman of the CU's board, said two Golden 1 EVPs and himself are running the day-to-day operations. Mateo, who recently retired from California's Department of Finance, said he plans on being at the credit union about two to three days a week over the next couple months while the executive search is being conducted.
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