Thad Woodard, the longtime chief executive of the North Carolina Bankers Association, will retire at the beginning of next year, the trade group said Thursday.
Woodard, 68, has worked for nearly 37 years at the organization, which lobbies lawmakers, provides continuing education for bankers and offers a variety of services for community banks. His tenure covered the industrys rapid growth and its struggles during the financial crisis.
Woodard told the Observer that it was time for a new team to lead the organization and to keep pace with rapid technological change.
The tides change and each generation has its turn at the wheel, he said. Plus, I have a wonderful wife and I want to spend more time with her so that we can chase all the adventures weve looked forward to pursuing.
The trade group has hired a search firm to find Woodards replacement. His last day will be Jan. 1, 2015.
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