Todd Clark will become the new president/CEO of CO-OP Financial Services effective June 27, according to Jeff Napper, chairman of the board of directors of CO-OP. Clark succeeds Stan Hollen, who is retiring after 11 years with the organization.

“After a nationwide search, the Board of Directors is delighted to report that Todd will be leading the industry’s largest credit union service organization in terms of credit unions and members served,” said Napper.

Clark has 25 years of experience as a proven and well-respected leader in the payments systems industry.

“I believe my close work with CO-OP as a senior manager with key business partners of CO-OP will serve me well in this position as we seek to help credit unions maintain their standing as the best providers of financial services in the world,” Clark said.

Clark served most recently as SVP/Head of STAR Network and Debit Processing for First Data Corporation, where he had full profit and loss responsibility for the EFT Group. In this capacity, he led a team of more than 600 product, strategy, communications, strategic sales, technology, operations, and support personnel.

Hollen, who is retiring after more than three decades of commitment to CUs, assumed the president/CEO role with CO-OP Network in June 2005. Hollen has served in national leadership roles on numerous credit union boards and committees and served on his first credit union board of directors when he was only 19 years old.

For more information on the new CEO, visit CO-OP’s website.