GlenFed Inc., parent company of Glendale Federal Savings & Loan Assn., announced Wednesday that Norman M. Coulson, vice chairman and president, will assume the additional title of chief executive of the holding company as of July 1. Coulson, 54, continues in his other positions as president and CEO of the Glendale-based S&L.
Keith P. Russell will retain the posts of senior executive vice president and chief operating officer.
The move is part of a management succession plan begun in 1985, GlenFed said. As chief of the holding company, Coulson will succeed Raymond D. Edwards, 68, who will continue as chairman of GlenFed and the S&L. He has not indicated when he plans to retire.
Coulson, who is also vice chairman of the California League of Savings Institutions, joined Glendale Federal in 1959. He became president and chief operating officer in 1984 and vice chairman and president of the holding company when it was formed in 1985.