Army & Air Force Exchange Service names its next CEO
The Department of War's largest retailer, which is also the 51st largest U.S. retailer, is getting a new leader.
The Army & Air Force Exchange Service said that Brad Bingham, who currently serves as deputy director and CFO, has been selected to lead the Exchange, after the retirement of current director and CEO Tom Shull, who had led the organization since June 2012. Shull, who will retire in July, is the first civilian leader of the $8.5 billion retailer.
Bingham joined the Exchange in 2006, holding progressive positions in finance and accounting. He spent five years at the senior executive leadership level and was promoted to senior vice president/chief financial officer in 2020; executive vice president/chief financial offer in 2021; and deputy director/chief financial officer in 2024.
"A proven leader with 19 years of military resale and commercial business experience, Brad is a results-driven executive with the deep financial management and corporate strategy expertise necessary to balance sustainment of operations with strategic investments to drive long-term growth," said Shull, a member of the Exchange's board its executive committee. "Brad is the right person at the right time to take the hard-earned Exchange benefit to even greater heights."
Bingham joined the Exchange in 2006, holding progressive positions in finance and accounting. She spent five years at the senior executive leadership level and was promoted to senior VP, chief financial officer in 2020; executive VP, chief financial offer in 2021; and deputy director, chief financial officer in 2024.
The Exchange is the 51st largest U.S. retailer, providing tax-free shopping and military-exclusive pricing to active-duty service members, their families, veterans, DoW civilians and other authorized shoppers.
"It's an honor to step into the role and build on the many successes the organization has achieved under the leadership of Tom Shull," Bingham said. "The 130-year-old Exchange benefit is stronger than ever — and the team is well positioned to lean forward and do even more to enhance our military community's readiness and resiliency."
