Tampa, FL – Arthur J. Wood III who has been with $281 million Railroad & Industrial FCU for 17 years as its President/CEO will retire on October 1, 2014.
Peter A. Giorgianni, currently Railroad & Industrial’s VP Operations, will take over the helm as President/CEO on October 2.
During Wood’s tenure, Railroad & Industrial has more than doubled its assets, membership base and branch locations. Operating as a traditional Separate Employer Group based credit union, the number of companies that the credit union serves quadrupled as did the potential membership.
“Art’s extraordinary performance, integrity and character have enabled the credit union to grow into one of the strongest, most well-managed credit unions in the area. After years of succession planning and deliberate consideration for several months, we are proud to name Pete as the next President/CEO. He will be only the fourth CEO in our nearly 80 year history, which speaks well of Pete and our three prior CEOs,” said Board Chairman Ben Davis.
Wood, 69, has been involved in a number of credit union organizations, and has been instrumental in the governmental affairs process at the local, state and federal level for credit union advocacy.
Giorgianni, 55, joined Railroad & Industrial in 1984 as manager of the Plant City branch, then became VP Lending. During his tenure, Giorgianni has pursued extensive outside education and professional development, including the prestigious CCUE designation. Giorgianni has held his current title since 1997.
About Railroad & Industrial Federal Credit Union.
Established in 1935, Railroad & Industrial Federal Credit Union is a not-for-profit financial cooperative with more than $281 million in assets and 8 Branches located throughout east Hillsborough County and west Polk County. Railroad & Industrial is headquartered in Tampa, Florida and serves more than 27,000 members and over 800 businesses. More information on Railroad & Industrial Federal Credit Union can be found at https://www.rifcu.org.