Earlier this month, OFN announced a significant transition. After more than 20 years at our helm, Mark Pinsky stepped down as OFN President and CEO to explore new challenges. The CDFI industry is what it is today thanks in part to Mark's vision and leadership. At this time, the Board and OFN staff are thoughtfully considering when and how best to recognize Mark and his important legacy.

The Board, including Board Chair Lori Chatman, President of Enterprise Community Loan Fund, and Board Vice Chair Dave Glazer, President of Montana-Idaho CDC, has named Fran Lutz as Interim CEO. Beth Lipson, who brings 19 years of leadership with OFN, will resume her former role as CFO on an interim basis. Reflecting its commitment to OFN and its work, the Board has also asked Penelope Douglas, a longtime OFN board member and CDFI founder, to serve as Senior Advisor during our transition.

The Board is laying the groundwork for a national CEO search—a board-led search committee will be active by July 1st. Our goal is to engage multiple perspectives and have a new CEO on board at OFN as soon as possible.

We are excited about the opportunities in front of OFN. We look forward to communicating with you throughout the next few months about our transition and ongoing work.


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