Everence names incoming president and CEO
Hochstetler to bring broad financial services expertise with deep faith and service roots
Today, the Everence Board of Directors announced that Kenneth D. Hochstetler will become the organization’s next President and CEO. Hochstetler will assume the role upon the retirement of President and CEO Larry D. Miller at the end of August.
Hochstetler currently serves as Senior Executive Vice President at Univest Corporation, which provides a wide range of banking, trust, financial planning, investment, foundation and insurance services through a network of approximately 40 offices in southeastern Pennsylvania.
“Ken will bring deep and broad experience in the many services of a financial organization,” said D. Duane Oswald, Everence Board Chair. “He has over two decades of management and executive leadership experience in banking, insurance and investments.”
“He is strongly committed to the church and is actively involved in the Anabaptist faith community,” said Pat Swartzendruber, Chair of the Presidential Succession Committee and Everence Board Member. “He has contributed volunteer service to many local and national nonprofits, demonstrating his strong sense of call to serve the church and community.”
“I am grateful for the opportunity to use my experience gained in private industry for the good of the stewardship organization serving the Mennonite and Anabaptist faith community,” said Hochstetler. “I look forward to joining the Everence team in helping members integrate their faith and values into financial decisions.”
Joining Univest in 1992, Hochstetler currently serves as chief executive of the following Univest subsidiaries: investments, advisory services, foundation, municipal pension services and wealth management services. He previously worked at Meridian Bank in eastern Pennsylvania.
Hochstetler holds a bachelor’s degree in business and computer science from Goshen College and a master’s degree in business administration from Lehigh University.
He attends Blooming Glen Mennonite Church, where he serves as chair of its Congregational Leadership Board. He is on the Board of Directors of Goshen College, co-chair of the Campaign Leadership Council of the North Penn Commons, chair of the Souderton Industrial Development Authority and a long-term planning committee member of the Bucks-Mont Coalition for Evangelism.
CEO succession process
Hochstetler’s appointment was approved by the Everence Board as well as by the Executive Committee of Mennonite Church USA’s Executive Board. Everence is the stewardship agency of Mennonite Church USA.
The CEO succession process started last fall when Miller announced his retirement. In addition to Chair Pat Swartzendruber, other succession committee members were:
- D. Duane Oswald, Everence Board Chair (ex-officio)
- R. Clair Sauder, Praxis Mutual Fund Board Trustee
- Richard Thomas, Mennonite Church USA Executive Leadership Representative
- Donna Voth, Everence Board Member
- LaVern Yutzy, former Everence Board Member
- Ervin Stutzman, Mennonite Church USA Executive Director (ex-officio)
Founded in 1945, Everence will celebrate its 70th anniversary in 2015. The organization serves approximately 80,000 members and manages $2.4 billion in assets (as of Dec. 31, 2013).
Everence helps individuals, organizations and congregations integrate finances with faith through a national team of advisors and representatives. Everence offers banking, insurance and financial services with community benefits and stewardship education. Everence is a ministry of Mennonite Church USA and other churches.
Everence offers banking products that are federally insured. We also offer securities and other products that are not federally insured and are subject to the loss of principal. All products are not available in all states.