KETTERING, Ohio—John David Theobald has been named president of $854-million Day Air Credit Union, here.
Bill Burke, who was president and chief executive, maintains his CEO role, the Dayton Daily News reported.
Theobald brings more than two decades of leadership experience in the financial services industry, including the past three years as executive vice president and chief revenue officer at Day Air.
“I think Bill was setting the stage for this several years ago,” Theobald said in an interview with the Dayton Daily News. “Those early conversations with board members and stakeholders revolved around whether to promote from within or to start an external search.”
There is no timeline for Burke to step back or retire, Theobald noted. Burke has held the role of president and CEO since 1998.
“We are taking our time, being very thoughtful and careful as we go through this, as he passes the baton,” Theobald said.
“John has been instrumental in shaping Day Air’s strategic direction and financial performance,” Burke stated. “His forward-thinking leadership and unwavering commitment to our mission have earned him the trust of our team, our members, and our board.”