The Everence board of directors has named Kenneth D. Hochstetler as 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.”
Hochstetler joined Univest in 1992, and 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.
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.
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. To learn more, visit www.everence.com or call 800-348-7468.