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FOR IMMEDIATE RELEASE: Grace Brethren Investment Foundation Announces Chief Executive Officer Transition Plan

WINONA LAKE, Ind., July 1, 2019 – The Grace Brethren Investment Foundation (GBIF), Charis Fellowship’s church extension fund, today announced that Kenneth A. Seyfert has communicated his plans to retire effective May 31, 2020. Mr. Seyfert joined the staff of GBIF in 1997 as Managing Director and Officer of Operations.  In 2004, he was appointed Vice President and Executive Director of Operations.  In 2013, Mr. Seyfert assumed his current role of President and Chief Executive Officer.

GBIF Board of Directors Chairman, Dr. James Augspurger said, “over the last 22 years under Ken’s leadership, GBIF has experienced significant growth and has consistently been the lender of choice to churches and organizations in our Fellowship.  Ken has diligently navigated GBIF through much market volatility, to deliver a fair loan rate to borrowers, ensuring a good rate of return to our depositors and through the annual goodwill contributions, furthered the church planting and leadership development work of our Fellowship.  Ken is a talented leader who consistently delivers strong results while effectively stewarding the assets under his management. On behalf of the entire Board of Directors,  I want to express our deep appreciation to Ken for his faithful service and ministry at GBIF and wish he and Donna well as they begin this new phase of their lives.”

“It has been my distinct privilege to be part of the GBIF legacy of support to our Fellowship these last 22 years,” said Mr. Seyfert   “I’ve been honored to serve alongside a great staff and to have worked with so many wonderful people across the Fellowship to help support the Lord’s work in their local churches and organizations.  Donna and I look forward to our next chapter, just as we look forward to GBIF’s continued work for our Fellowship.”

Dr. Augspurger adds, “At our recent semi-annual Board meeting, Ted Adomanis, Board Director, was appointed to lead our Succession Planning Task Force with the important role of conducting a new CEO search.  We are thankful for Ken’s commitment to a smooth transition as a new CEO is installed next year.”  More information will be forthcoming as the Task Force progresses in its work.


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GRACE BRETHREN INVESTMENT FOUNDATION
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