Bruce Lee plans to retire as president and CEO of Heartland Financial USA in Denver.
The $19.4 billion-asset company said in a press release that Lee will also retire from the board at the end of the year. Heartland has formed a search committee and hired Heidrick & Struggles to search for Lee’s successor.
“On behalf of the board, I want to thank Bruce for his significant contributions and dedicated years of service to HTLF,” John Schmidt, Heartland’s chairman, said in the release.
“The board and management team are committed to ensuring a smooth transition and we are grateful that we’ll continue to benefit from Bruce’s leadership during this process,” Schmidt added.
Lee oversaw an initiative where Heartland collapsed its banking charters.