ESL Federal Credit Union has selected its new CEO.
The current president and chief operating officer, Faheem Masood, will replace Dave Fiedler next year. Fiedler has been CEO of ESL since 2003 and he has announced his plans to retire effective next March.
ESL appointed Masood to his current post in 2012. He began at the credit union in 1991 as a senior financial analyst.
ESL has seen increases in assets from $2.6 billion to $5 billion during Fiedler's tenue, with increases in membership and employees as well. The company also got into business banking under his leadership and the opening of its Downtown Rochester headquarters.
Fiedler first joined ESL in 1997. ESL officials say they've long prepared for the succession to make for a seamless transition.