Photo Release -- First Horizon CEO Bryan Jordan to Succeed Mike Rose as Chairman of Board
Air Transport Executive Scott Niswonger Named to Board
MEMPHIS, Tenn., Oct. 20, 2011 (GLOBE NEWSWIRE) -- Bryan Jordan, CEO of First Horizon National Corp. (NYSE:FHN), has been elected by the board of directors to succeed Mike Rose as chairman on Jan. 1, 2012. Scott M. Niswonger, chair and founder of Landair Transport, has also been elected to the First Horizon board.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10887.
Rose, 69, will retire from the First Horizon board in April 2012, just after he reaches the board's mandatory retirement age of 70. Rose has served as a director since 1984 and as chairman since January 2007. From the time he became chairman First Horizon has implemented significant changes, refocusing on its core businesses of regional banking and capital markets, exiting its national mortgage business, building a strong capital base, aggressively managing credit and enhancing its management team, including recruiting Jordan. Jordan, 49, joined First Horizon as CFO in May 2007 and was named CEO in September 2008.
Niswonger's Landair Transport is a time-definite trucking, warehousing and supply-chain management company. Niswonger is also chairman emeritus and former CEO of Forward Air Inc. After completing his aviation studies at Purdue University, he moved to Greeneville, Tenn., as a corporate pilot for The Magnavox Company. He began his first transportation company in 1973. He is active in civic and community affairs and is president and founder of the Niswonger Foundation, an educational operating foundation, and a member of the executive council for the Niswonger Children's Hospital, an affiliate of St. Jude Children's Research Hospital.
"It's with great pride that I'll retire as chairman of the board of directors of First Horizon National Corp. We have made tremendous strides in repositioning our business over the last five years," said Rose. "I have confidence in the management team at the company, and with Bryan at the helm they'll continue to build First Horizon's strong franchise. And with his exceptional executive experience and Tennessee connections, Scott makes a wonderful addition to the First Horizon board."
Jordan said, "Mike has been a thoughtful guiding force as our board oversaw First Horizon's strategy during a particularly challenging period. We'll always appreciate his leadership and significant contributions as we've emerged a much stronger financial services company. And I'm excited to have Scott join the board. His knowledge of our markets and broad experience will make him a great addition to our team."
About First Horizon
The 4,800 employees of First Horizon National Corp. (NYSE:FHN) provide financial services through more than 170 bank locations in and around Tennessee and 18 FTN Financial Group offices in the U.S. and abroad. First Tennessee Bank has the leading combined market deposit share in the counties where it does business and one of the highest customer retention rates of any bank in the country. FTN Financial is a capital markets industry leader in fixed income sales, trading and strategies for institutional clients in the U.S. and abroad. FHN has been recognized as one of the nation's best employers by AARP and Working Mother magazines. More information is available at www.fhnc.com.
CONTACT: Jack Bradley, (901)523-4813
Kim Cherry, (901)523-4380
Source: First Horizon National Corporation
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