The Financial Planning Association said today that its CEO and Executive Director Lauren Schadle will leave the organization, effective immediately.
Patrick Mahoney, “a seasoned nonprofit executive and consultant,” has been appointed interim CEO while the FPA Board of Directors conducts a formal search for the association’s next chief executive.
“Lauren has been a leader at FPA since well before the merger in 2000 when she served in many capacities at the Institute of Certified Financial Planners, one of FPA’s predecessor organizations,” 2020 FPA President Martin Seay said in a statement. “She led and implemented many significant and beneficial initiatives during her tenure that have elevated FPA and the profession. We sincerely thank her for her years of service to the association and wish her well in her future endeavors.”
Mahoney will lead the day-to-day management of the association, and “currently provides strategic leadership consulting to global organizations focused on market relevance, innovation, and growth.”
Interim CEO
A past chief marketing officer for the Institute of Electrical and Electronics Engineers (IEEE) and former president and CEO of IEEE GlobalSpec, Inc., Mahoney brings significant marketing, business development, and financial oversight to FPA in his new interim role.
A graduate of St. Joseph’s University in Philadelphia, Penn., Mahoney also worked in various capacities for S&P Global Ratings, Inc. in New York, including operations and product development and management.
“Besides the recent launch of an all-new FPA brand and website, FPA is in the midst of a number of exciting initiatives like the FPA Virtual Externship program, which highlights the important impact FPA, and its members, have on the financial planning profession,” Seay added. “We’re excited to have Patrick join the team as our interim CEO, where he can work with our professional staff who do an outstanding job to support our members.”
The search for FPA’s next chief executive will begin immediately and be supported by Vetted Solutions, a Washington, D.C.-based executive search firm specializing in associations and nonprofits.
The search process “will involve FPA’s various stakeholder groups, including staff and national and local volunteer leaders.”
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
