© 2020 Arizent. All rights reserved.

Eastman Credit Union outlines CEO succession plan

Register now

Eastman Credit Union’s CEO and president, Olan O. Jones, Jr., will retire on Jan. 1.

Jones spent 22 years at the helm of the Kingsport, Tenn.-based credit union. Assets ballooned from $631 million to $4.8 billion during his tenure.

“When Olan came to ECU, credit unions were just beginning to be recognized as serious alternatives for financial services and he was always striving to ensure that ECU was positioned to do the right things for all the stakeholders — members, staff, and communities,” Fielding Rolston, Eastman’s chairman, said in a press release on Tuesday.

Under Jones’s leadership, more than $118 million was returned to members through extraordinary dividends. ECU also created over 650 full-time jobs and added 200,000 new members.

ECU’s Executive Vice President Kelly Price will succeed Jones at the start of the new year. Price has almost 25 years of experience.

“Like Olan, Kelly shares a passion for this organization, its members, staff, and the communities we serve, and we look forward to continued success under her leadership” Rolston said in the press release.

For reprint and licensing requests for this article, click here.