Mr. Neu is the retired Chairman of MCG Capital Corporation. He served as chairman of the board from 2009 to 2015, until its sale to PennantPark Floating Rate Capital Ltd. He also served as Chief Executive Officer from October 2011 to November 2012. MCG was a Washington D.C.-based publicly traded business development corporation providing financing to middle market companies throughout the United States. Mr. Neu first joined the MCG board in 2007 and served as a member of the audit, nominating and corporate governance, and valuation and investment committees. Prior to MCG, he served as Executive Vice President, CFO, Treasurer, and director for both Charter One Financial Inc. and Charter One Bank from 1995 to 2004. He assumed this role following the merger of First Federal of Michigan and Charter One Financial Inc. He joined First Federal of Michigan in 1985 as CFO and was elected to the board in 1992.
Mr. Neu serves on the board of Tempur Sealy International Inc. He was a member of the board of Oxford Square Capital Corporation from 2016 to 2021, where he served as chair of the audit committee and chair of the nominating and corporate governance committee. Mr. Neu previously served on the board of Dollar Thrifty Automotive Group from 2006 to 2012, until its sale to Hertz Corporation. He served as the lead director from December 2011 to November 2012 and served as chairman of the board from November 2010 to December 2011. He previously served as chairman of the audit committee and as a member of the corporate governance committee. His professional experience includes seven years at a Big 4 public accounting firm, 20 years as a CFO of a major regional bank holding company, and 15 years in a variety of public company board roles.
Mr. Neu possesses a comprehensive knowledge of our bank markets, as well as extensive knowledge of the banking industry. He has led numerous bank acquisitions and integrations. His knowledge and diverse business experience, as well as financial acumen, make him a valued member of the Board and as Chair of its Audit Committee.
Mr. Neu holds a bachelor’s degree in business administration from Eastern Michigan University.
Committees: Audit Committee (Chair), Executive Committee, Nominating and ESG Committee