LISC has tapped long-time board member Lisa Glover, a former banking executive with decades of experience in community development finance, as interim president and CEO. Glover will lead LISC from March 1 until a successor for departing CEO Maurice A. Jones is named.
The Local Initiatives Support Corporation (LISC) has named long-time board member Lisa Glover, a former banking executive with decades of experience in community development finance, as interim president and CEO. Her first day will be March 1, 2021.
She will help guide an organization that has experienced tremendous growth and expansion in recent years—including more than $2 billion in community investments in 2020.
Glover spent more than 33 years at U.S. Bank before retiring last March. She served as executive vice president and director of community affairs, which included oversight of community outreach, diversity initiatives, environmental programs and compliance with the Community Reinvestment Act (CRA). She also served as executive vice president and chief risk officer for consumer banking as well as in other leadership positions related to corporate compliance, internal audit, lending, and operations.
“We’re fortunate to have someone of Lisa’s caliber to help manage operations during this transition period. She knows LISC well and has deep expertise in the many aspects of our work,” said Robert E. Rubin, LISC chairman. “She will work alongside LISC’s seasoned senior staff to support ongoing efforts focused on affordable housing, economic development, health, safety and jobs—with a clear focus on bridging the significant racial and socio-economic gaps that affect millions of people.”
Glover has worked closely with LISC for more than 15 years, both as a member of the LISC national board and the LISC Milwaukee local advisory committee. She currently chairs the national board’s audit committee, is a member of the executive and finance committee, and previously served on the program review and evaluation committee.
“If ever there was an urgent need for LISC’s work, it is now,” Glover said, “LISC is well-positioned to meet the moment, and we won’t slow down the momentum we’ve built over the last few years.”
Glover attributed LISC’s strength to the expertise and drive of staff members and their enduring relationships with local partners, funders and policymakers in nearly every state. “I feel like I’m coming home, and I am ready to step up to the new task of leading LISC in this moment of transition,” she said.
Maurice A. Jones, LISC’s current CEO, is departing to take the helm at One Ten, a newly formed coalition of corporations and executives working to move one million Black Americans into family-sustaining careers over the next 10 years. He will continue to serve on the LISC board of directors.