Donald G. Ogilvie will retire as president and CEO of the American Bankers Association at the end of April 2005. The ABA said that its board of directors has named Edward L. Yingling, currently executive vice president, to succeed Ogilvie.
Ogilvie joined the ABA staff in 1985 from the Celanese Corp., where he was a corporate vice president for five years. Prior to that, he was associate dean of the Yale School of Management and served in the Office of Management and Budget and the Department of Defense.
"Under Don's leadership, ABA has strengthened its position as the leading trade association for the financial services industry and is well positioned to maintain this leadership role as we go forward," said ABA Chairman Ken Fergeson, who is also chairman of NBanC, Alois, OkIa.
Yingling also joined the ABA in 1985 and currently oversees all government relations activities. he has spent his career working on bank regulation and legislation and is consistently named one of the top lobbyists in Washington.
"Ed and I have been partners for almost 20 years in creating the ABA as we know it today - an association focused on providing world class representation of and service to the banking industry," said Ogilvie. "Ed will be a first-rate CEO."
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