Pub. 3 2015 Issue 3

Issue 3. 2015 17 EnerBank USA Names Banking Veteran Charlie Knadler President & CEO to Replace Retiring CEO Louise Kelly EnerBank is a highly specialized FDIC-insured bank headquartered in Salt Lake City. It exists to help home improvement contractors grow their businesses and consumers improve their homes. EnerBank provides unsecured home improvement loans to homeowners through strategic business partners and independent home improvement contractors throughout the United States. Strategic partners include manufacturers, distributors, franchisors, and major retailers of home improvement, remodeling, and energy saving products and services. Visit www.enerbank.com for more information. E nerBank USA has named Charlie Knadler, current Executive Vice Pres- ident and CFO of the Bank, as Presi- dent and CEO to replace Louise Kelly. Knadler joined EnerBank in 2004 and has served as Executive Vice President and Chief Financial Officer since 2010. He previously served as Senior Vice President and Chief Credit Officer. His career in financial services spans more than 20 years and includes experience in sales, credit, compliance and finance, providing a solid foundation for his new role as the Bank’s top executive. “Charlie is the perfect leader to take En- erBank into the future,” said Kelly. “He’s prepared with the right skills and experi- ence to keep the momentum going—and bring the Bank to even greater heights. Customers, clients, and employees will experience the same excellent company culture and customer service we have worked so hard to develop over the years.” Knadler serves on the Executive Commit- tee of the Utah Association of Financial Services and the National Association of Industrial Bankers. He also serves on the Finance Committee of NeighborWorks Salt Lake, a non-profit organization whose mission is to revitalize neighborhoods and create affordable housing. “Charlie is a skilled banking executive with great leadership capabilities,” said Tom Webb, EnerBank’s Chairman of the Board, as well as Executive Vice Presi- dent and Chief Financial Officer of CMS Energy Corporation (NYSE), the parent company of the Bank. “We thank Louise for her service as founding director and CEO. She transformed EnerBank from a small operation into a nationally recog- nized, top-performing bank.” Kelly was part of the EnerBank open- ing in 2002 with $14 million in capital, and under her leadership, the business exceeded $1 billion in assets in 2014. The Bank remains well capitalized, has almost no troubled assets, and has thrived before, during and after the recession, ranking in the top three percent of FDIC-insured banks in terms of profitability. EnerBank is a specialized industrial bank that provides unsecured home improve- ment lending through strategic business partners and authorized home improve- ment contractors throughout the United States. Headquartered in Salt Lake City, Utah, the business recently opened a sec- ond call center in Provo, Utah, to facilitate the Bank’s continued growth. Kelly’s lead- ership capabilities extend well beyond her company. She has also received accolades for her community and industry associa- tion involvement. “It’s been a privilege to serve as CEO with this exceptional team,” said Kelly. “When we first started, I thought we could be suc- cessful with our strategy of targeting home improvement lending, and I am tremen- dously pleased with how successful we’ve been. I thank our great executive team for their support over the years. It gives me immense satisfaction that a member of that team, Charlie Knadler, will be taking over as the new CEO.” “Louise has been a great mentor to me and the executive team,” said Knadler. “We will continue to advance our vi- sion that EnerBank is the best choice for contractors and partners to provide home improvement financing to their customers. I look forward to continuing to work with the management team, our employees and clients to achieve that goal.” Kelly, who was just named to American Banker’s List of 25 Most Powerful Women in Finance, will continue to serve on the Bank’s board of directors. n