MEMPHIS,
Tenn., April 15, 2024 /PRNewswire/ -- First
Horizon Corporation (NYSE: FHN or "First Horizon") today
announced that Thomas Hung,
Executive Vice President, Head of Franchise Finance, will be named
Senior Executive Vice President, Chief Credit Officer, effective
October 1, 2024. Hung will succeed
Susan Springfield, Senior Executive
Vice President, Chief Credit Officer, who has served in this role
since 2013.
Starting April 15, 2024, Hung will
serve as Deputy Chief Credit Officer to begin the succession
planning process and join the Executive Management Committee.
Springfield will remain with the company until the end of the year
to support the transition. Hung will report directly to Chairman,
President and CEO Bryan Jordan and
reside in Memphis, Tennessee.
"Tom's background in leading one of the largest national
financiers of franchisors, franchisees, independent chains and
private equity sponsors in the restaurant industry positions him
well to take on this critical leadership role," said Bryan Jordan, Chairman, President and Chief
Executive Officer of First Horizon. "With a wealth of credit
experience and a proven track record of building strong client
relationships, his expertise and integrity make him the perfect fit
for this position. I have great confidence that under Tom's
leadership, we will continue to expand our high-quality client base
within our operating philosophy of soundness, profitability and
growth."
Jordan continued, "Susan's decision to retire is bittersweet. As
a seasoned, highly regarded executive she has led us adeptly
through a number of credit cycles, maintaining solid credit quality
during her tenure. She has been a vital member of our executive
management committee and mentor and role model to countless young
professionals throughout her distinguished career. We are
incredibly grateful for her steadfast leadership and her unwavering
devotion to our team, the Memphis
community and our clients. She will be greatly missed personally
and professionally."
"Our succession planning process will help ensure a seamless
transition," Jordan added. "Susan's role as leader of our
commercial banking team prior to 2013 prepared her for the Chief
Credit Officer role just as Tom's experience as head of one of our
highly successful specialty groups has prepared him for this
opportunity."
Hung joined the company in 2019 and has over two decades of
experience in the financial services industry. He previously served
as Managing Director and Head of Sponsor and Chain Restaurants for
Citizens Bank, where he built out a national chain restaurant
lending platform for financing and syndicating sponsor-backed
restaurant loans. Before that, Hung was with GE Capital Franchise
Finance in various capacities across sales, capital markets,
underwriting, and portfolio management, culminating his tenure as
Senior Vice President and Head of Club Syndications. Other
experience includes working as an investment banker with JPMorgan
and Deutsche Bank, specializing in mergers and acquisitions, as
well as equity private placements.
Hung holds a BS in Finance from Brigham
Young University and an MBA from the Johnson Graduate School
of Management at Cornell University. He
is originally from Sydney,
Australia.
Questions regarding this announcement will be addressed on First
Horizon's first quarter 2024 earnings call on April 17, 2024.
Time:
|
9:30 am (ET)/8:30 am
(CT)
|
Webcast/Presentation:
|
A live webcast will be
available at ir.firsthorizon.com under Events and
Presentations.
|
Dial-in:
|
Individuals may call in
by dialing 1-833-470-1428 (if calling from the U.S.) or
404-975-
4839 (if calling from outside the U.S) and entering access code
883096.
|
About First Horizon
First Horizon Corp. (NYSE:
FHN), with $81.7 billion in assets as
of December 31, 2023, is a leading
regional financial services company, dedicated to helping our
clients, communities and associates unlock their full potential
with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First
Horizon Bank operates in 12 states across the southern U.S. The
Company and its subsidiaries offer commercial, private banking,
consumer, small business, wealth and trust management, retail
brokerage, capital markets, fixed income, and mortgage banking
services. First Horizon has been recognized as one of the nation's
best employers by Fortune and Forbes magazines and a Top 10 Most
Reputable U.S. Bank. More information is available
at www.FirstHorizon.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/first-horizon-corporation-names-thomas-hung-chief-credit-officer-susan-springfield-announces-retirement-302117208.html
SOURCE First Horizon Corporation