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Rocky Mountain Communities

A new CEO is at the helm of the Denver-based affordable housing nonprofit Rocky Mountain Communities.

The organization has promoted its former vice president of real estate development and acting CEO Mark Marshall into the permanent chief executive officer role. Marshall served as the vice president of real estate development for two years.

Greg Litvak, who chairs the Rocky Mountain Communities Board of Directors, said in a news release that Marshall was selected for his “breadth of experience in affordable housing.”

“Over the past two months, while serving as interim CEO, and during his time as vice president of real estate development, Mark proved that he can strategically lead the organization in growing its portfolio while continuing to focus on what matters most, our residents, their health and well-being. We are excited for this new chapter for the organization,” Litvak said.

During his time as vice president of real estate, Marshall was credited with growing the organization’s portfolio, working on projects from Colorado Springs to Arvada to Denver’s Globeville neighborhood.

Before joining RMC, Marshall worked for five years at the Urban Land Conservancy, rising from director to vice president of real estate. He also has experience as a consultant and previously worked as a developer with regional and national companies, according to the news release.

Trammell Crow Co.

The Denver branch of the commercial real estate developer Trammell Crow Co. has a new senior vice president.

Megan Kranichfeld is moving into the role from her previous position as vice president of industrial development with Prime West Development. Kranichfeld also spent six years with United Properties, where she held multiple roles and helped develop more than a million square feet of speculative industrial product.

While at Prime West Development, Kranichfeld was responsible for shepherding expansion into the industrial development sector, according to a news release. She will continue similar work at Trammell Crow, tasked with growing the company’s industrial development presence in the Rocky Mountain region.

“We are excited to welcome Megan to the TCC Denver team, as she brings with her a wealth of knowledge and deep expertise in the industrial development sector, which continues to benefit from strong demand all across the country,” Principal and TCC Denver Market Leader Erik Hagevik said in a news release. “TCC Denver is well-positioned to continue to grow across the Front Range, as well as in Salt Lake City where we have been actively sourcing new development opportunities, and we believe that Megan’s addition will help to accelerate this growth.”

Westerra Credit Union

The Westerra Credit Union Board of Directors announced its acting President and Chief Executive Officer Steven Schmidle will assume the permanent role.

Schmidle served as Westerra’s chief financial officer beginning in 2019 before taking on the interim president and CEO position, which he held for the past several months, according to a news release from Westerra. He joined Westerra with two decades of financial institution management experience.

“I am deeply honored to be appointed by the board of directors to the position of president and chief executive officer of Westerra Credit Union. We have a proud history approaching 90 years in length, and I am fully committed to strengthening that legacy,” Schmidle said in a news release. “Together, with our dedicated team, we will not only navigate the current financial landscape but also innovate and create new opportunities for our members to thrive.”

In its announcement, Westerra noted the challenges that high interest rates, fickle housing markets and economic uncertainty are posing the financial industry. Westerra holds approximately $2 billion in assets and serves 123,000 members in the Denver metro area.

“We have worked with Steve for many years and are impressed with his commitment to our members and the communities Westerra serves,” Westerra Board Chairman Andy Raicevich said in the release. “The Board of Directors is confident he will lead Westerra with dedication and ensure our goals of sustainable growth and member service are met.”