Carver Bancorp, Inc. has announced that Deborah C. Wright will retire as CEO to be replaced by Michael Pugh. Pugh, currently the company's president and COO,  joined the company as chief revenue officer in 2012 and became president and COO in 2013. Wright will continue to serve as the company's non-executive chairman of the board. She will also join the Ford Foundation’s Economic Opportunity and Assets program. "I am honored to serve as Carver's CEO and I join the board in thanking Debbie for her leadership and contributions to our organization over the past 15 years,” Pugh said. “Carver has a compelling future ahead as our team concentrates on achieving our financial and operational goals and continuing a legacy of service to New York City's urban communities.”