The Cooperative Bank of Cape Cod has announced the appointment of Sheila Vanderhoef as Lead Director to the Bank’s Board of Directors.
“Sheila Vanderhoef has been an important contributor to the Board of Directors of The Cooperative Bank of Cape Cod since 1993,” said Joel Crowell, retiring President and CEO of the Bank. “She has maintained a deep appreciation for our mutual form of ownership and for the importance of respecting the customers’ perspective in how we run our business.”
Vanderhoef recently retired as the town administrator for the Town of Eastham after serving for 25 years. During her tenure, she successfully earned an AAA bond rating for the Town, only one of eight to have the distinction of the 15 towns on the Cape. The same patience, humor, and equality she brought to her position as administrator is the same she’s used serving on The Coop’s Board.
“Her thinking always reflected fairness and opportunity for our workforce,” stated Crowell. “She listens to all points of view before effectively communicating what she believes is right.” During her time on the Board, Vanderhoef has chaired the Compensation and Governance Committees, as well as serving on the Finance and Strategic Planning Committees.
“She frequently acts as our compass,” said Crowell. “While always willing to seek consensus, she never backs away from a discussion and often uses humor to share an illustration.”
Demonstrating its respect for Vanderhoef, the Board unanimously selected her to serve as the Lead Director to assist managing the transition from Crowell to Lisa Oliver, the Bank’s new President and CEO.