The Financial Planning Association kicked off an emergency search for a new CEO today after the abrupt departure of Lauren M. Schadle on Friday.
Patrick Mahoney, founder and CEO of Stoic Advisors, was named interim CEO. Stoic provides "strategic leadership and advice for global organizations focused on market relevance, innovation, and growth."
Mahoney is a former chief marketing officer for the Institute of Electrical and Electronics Engineers and president and CEO of IEEE GlobalSpec Inc.
Martin Seay, president of the FPA Board of Directors, said the search for a permanent CEO begins immediately and the organization is working with Vetted Solutions, an executive search firm with offices in Washington, D.C., Chicago and Los Angeles.
"The most important thing is finding the right candidate who has the ability and desire to help move our association and profession forward," he said in an email.
Schadle served nearly eight years as CEO and executive director and 12 years as chief operating officer and associate executive director of the FPA.
Like many trade associations, the FPA suffers from declining membership and recently went through a reorganization. An attempts to centralize operations and merge all of its 80+ chapters into one organization to save costs proved controversial.
Schadle's departure was applauded by some influential members.
Some big industry news breaking today: the @FPAssociation CEO Lauren Schadle is leaving immediately (terminated?), and FPA will be beginning a search for new leadership to get the organization growing again.
This. Was. Long. Overdue. (1/?)
— MichaelKitces (@MichaelKitces) May 29, 2020
InsuranceNewsNet Senior Editor John Hilton has covered business and other beats in more than 20 years of daily journalism. John may be reached at email@example.com. Follow him on Twitter @INNJohnH.
© Entire contents copyright 2019 by InsuranceNewsNet.com Inc. All rights reserved. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com.