After serving almost eight years as CEO and executive director and 12 years as chief operating officer and associate executive director, Lauren Schadle is leaving the Financial Planning Association effective immediately.
The FPA, which announced her departure, named Patrick Mahoney interim CEO while its board of directors conducts a search for the association’s next chief executive with the help of an outside executive search firm. Mahoney is a former chief marketing officer for the Institute of Electrical and Electronics Engineers and president and CEO of IEEE GlobalSpec Inc.
FPA President Martin Seay, in a statement, thanked Schadle for her service, noting that she has been with the FPA since the beginning, when it was formed in 2000 from the merger of the Institute of Certified Financial Planners and the International Association for Financial Planning and has helped implement “many significant and beneficial initiatives during her tenure that have elevated FPA and the profession.”
Seay said in an email that the FPA could not “get into the specifics of her departure,” adding that the association is looking forward to working with Mahoney in the near term while it searches for a permanent CEO.
Schadle could not be reached for comment.
Financial advisor and blogger Michael Kitces welcomed the news of Schadle’s departure as “long overdue.” Schadle, according to Kitces’ tweets, “was pleasant to work with” but “didn’t execute effectively … [and] ostracized anyone who disagreed w/FPA’s declining path.”