Cabela's Incorporated announced that, effective Jan. 1, 2013, Executive Vice President Joseph M. Friebe will transition from his position as president and CEO of its World’s Foremost Bank subsidiary to become a special advisor to a yet to be named CEO for the bank.
Friebe began his career with Cabela’s in 1996 as the director of marketing and was promoted to vice president of direct marketing in July 2003. He has been the CEO of World’s Foremost Bank since June 2006 and an executive vice president of Cabela’s since January 2010.
“Under Joe’s leadership, the Cabela’s CLUB Visa program has posted industry-leading results, which have contributed greatly to our strategic growth,” said Tommy Millner, Cabela's CEO. “We are excited that Joe has agreed to continue to support World’s Foremost Bank in an advisory capacity, as he has a wealth of knowledge regarding our customer loyalty rewards program and credit card operations.”
Cabela's plans to announce the appointment of a new president and CEO of World’s Foremost Bank prior to Friebe’s planned transition.
