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First Horizon Announces the Retirement of Director Rosa Sugrañes

1. Rosa Sugrañes retires from First Horizon’s Board effective immediately. 2. Sugrañes contributed since the IBERIABANK merger in 2020. 3. Her background includes leadership roles in various banking institutions. 4. First Horizon values her guidance, impacting corporate governance positively.

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Why Neutral?

Rosa Sugrañes’ retirement may not significantly affect operational performance, thus showing a neutral impact. Similar board retirements have historically resulted in limited market movement when no strategic changes are announced.

How important is it?

While leadership changes may signal shifts, this retirement appears planned and non-disruptive. Historical context shows moderate stock reactions to similar events.

Why No Impact?

As the retirement is expected and no immediate replacement or changes occur, there's no impactful horizon. Past retirements with stable transition generally maintain stock performance.

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IBERIABANKSabadell United Bank
, /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") announced today the retirement of Rosa Sugrañes, 67, from the First Horizon Corporation Board of Directors and First Horizon Bank Board of Directors, effective at the end of her current term. Sugrañes became a director of First Horizon in 2020 upon the closing of the merger of equals with IBERIABANK Corporation, having served as a director of IBERIABANK Corporation since 2017. Prior to that time, she served as a director of Sabadell United Bank in Miami, Florida, from 2006 to 2017. Sugrañes was the founder and Chief Executive Officer of Iberia Tiles, a ceramic tile distributor headquartered in Miami, from 1980 until 2012 when the company was sold. "Rosa's experience as a business owner and board member in the financial services industry has been invaluable to the Board and the company throughout her years of service," said Bryan Jordan, Chairman, President and Chief Executive Officer of First Horizon. "On behalf of the Board of Directors, I thank Rosa for her dedication and guidance and wish her all the best in her retirement." About First Horizon First Horizon Corp. (NYSE: FHN), with $82.2 billion in assets as of December 31, 2024, 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.  SOURCE First Horizon Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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