TAMPA, Fla.—Joe Brancucci, president and CEO of the $1.7-billion GTE Financial here, is taking a leave of absence from the credit union.
Brian Best, GTE’s executive vice president and chief experience officer, will serve as acting CEO in Brancucci’s absence, according to a statement from the credit union.
GTE stated that it currently is not at liberty to disclose additional details.
“However, the credit union does wish to assure its members, partners and the communities it serves, that the credit union continues to be financially strong . . . and that Mr. Brancucci’s absence is not related in any way to financial wrongdoing,” the CU stated.
GTE said it will provide additional information “at the appropriate time.”