MADISON, Wis. – The CUNA Mutual Group Board of Directors has named Robert N. “Bob” Trunzo as the next president and chief executive officer of CUNA Mutual Group, succeeding Jeff Post, who is retiring. The appointment is effective, Jan. 1, 2014.
Since joining CUNA Mutual Group in June of 2005, Trunzo has held a number of senior leadership positions, most recently as president of CUNA Mutual Group Insurance and Financial Services. Trunzo becomes the eighth president of CUNA Mutual Group in its 78-year history.
“After a thorough succession planning process and extensive consideration, the Board of Directors is excited to have Bob carry on CUNA Mutual Group’s rich tradition and execute our future strategy,” said Eldon Arnold, board chairman.
“Bob is uniquely qualified to carry on the work we started nine years ago to help credit unions, their members, small business owners and America’s farmers reach their financial goals. He has been an integral part of what we built and is the best person to carry the vision forward,” Post said.
Trunzo received his bachelor’s degree in political science from the University of Kentucky and his law degree from Marquette University. He also completed the Kellogg School of Management Executive Program at Northwestern University in 2011.
A native of Louisville, Ky., Trunzo was Secretary of Commerce under former Wisconsin Gov. Tommy Thompson. He is a member of the Board of Directors of the U.S. Chamber of Commerce, and the Board of Directors of the American Council of Life Insurers. He also served as chairman of the Southeast Wisconsin Professional Baseball Park Board of Directors, which oversaw the design, financing and construction of Miller Park, home of the Milwaukee Brewers. Trunzo and his wife, Anne, have three children.
In his role as president of CUNA Mutual Group Insurance and Financial Services, Trunzo was responsible for the products, distribution and service of the company’s U.S. credit union businesses as well as its 401(k) business. Trunzo was responsible for nearly 3,000 of the company’s 4,500 employees and approximately $2 billion of CUNA Mutual Group’s annual revenues.
“The Board of Directors is pleased with the progress and past successes of CUNA Mutual Group and looks forward to many more years of serving all of its stakeholders. Jeff will be assisting the Board and Bob to assure a smooth transition through July of 2014,” Arnold said.
“It is an honor to be selected to succeed Jeff, and the previous leaders who have made CUNA Mutual an industry leader. I am energized and excited about the challenge,” Trunzo said.
Post joined CUNA Mutual Group in January of 2005. He led a multi-year transformation plan that repositioned the organization for success in the credit union marketplace and beyond. The plan included reinvention of CUNA Mutual Group’s sales distribution model and its customer service, product and investment strategies.
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CUNA Mutual Group insurance, retirement and investment products provide financial security and protection to credit unions and their members worldwide. With more than 75 years of true market commitment, CUNA Mutual Group’s vision is unwavering: To be a trusted business partner who delivers service excellence through customer-focused products and market-driven insight. More information on the company is available on the company’s website at www.cunamutual.com
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Life, accident, health and annuity insurance products are issued by CMFG Life Insurance Company. Property and casualty insurance products are issued by CUMIS Insurance Society, Inc. Each insurer is solely responsible for the financial obligations under the policies and contracts it issues. Corporate headquarters are located in Madison, Wis.