ELCO appoints New Deputy Chief Financial Officer

Ponni Nainar was appointed Deputy Chief Financial Officer by ELCO Mutual's Board of Directors. Ponni will succeed current CFO Paul Grawe when he retires. Ponni has served as Vice President of Accounting/Treasurer for several years and has been with ELCO Mutual for the past decade. Ponni has over 20 years of professional experience and has contributed impactful change with her strategies in cost control and treasury management for ELCO. Since joining ELCO in 2014, she has moved from Accounting Manager to Controller and Treasurer to Vice President of Accounting and Treasurer. Ponni's tenacity, compassion, and strategic thinking will be invaluable as she leads the company's financial area as we advance.

This is what CFO Paul Grawe had to say:

"Ponni will do a terrific job in fulfilling the role of Chief Financial Officer for ELCO! Over the next several months, she will embrace the aspects of the position to become as prepared as possible to take on the role fully. I have enjoyed working closely with Ponni. She has the skills and determination to succeed in this role and provide value to ELCO for years to come."