First Horizon Welcomes Jeffrey J. Brown to Its Board of Directors Amid Strategic Growth Plans
First Horizon Corporation, listed on the New York Stock Exchange under the ticker FHN, has made a significant addition to its Board of Directors by electing Jeffrey J. Brown, also referred to as 'JB', who is currently the President of Hendrick Automotive Group, LLC. At 52 years old, JB brings a wealth of experience from the automotive and financial services sectors.
Hendrick Automotive Group, headquartered in Charlotte, North Carolina, is recognized as the largest privately held automotive group in the U.S., bringing extensive operational knowledge and market expertise to First Horizon. Before his role at Hendrick, Brown served as the Chief Executive Officer of Ally Financial Inc. for nine years, where he made his mark as a notable leader in the financial sector. He retired from Ally in January 2024, having accumulated a breadth of leadership experience that includes positions such as the President and CEO of Dealer Financial Services and Executive Vice President of Finance and Corporate Planning.
Bryan Jordan, Chairman, President, and CEO of First Horizon, remarked that JB's rich background in financial services, combined with his operational leadership from a publicly traded company, will be instrumental for the Board and for First Horizon's overall mission. He emphasized that JB's connections and comprehensive understanding of the Charlotte market will aid in unlocking growth potential in a key area for their business.
Adding to the excitement of JB's appointment, Lead Director Colin Reed expressed the Board's enthusiasm, noting JB's experience within the competitive automotive landscape and his knack for understanding client needs. This appointment aligns with First Horizon's strategy to enhance its competitive edge by leveraging seasoned professionals with diverse experiences.
JB's educational background includes a bachelor's degree from Clemson University and an executive MBA from Queens University, Charlotte. Beyond his professional endeavors, he is actively engaged in his community, serving on the board of the Clemson University Foundation and having completed a term as chair of the Board of Trustees at Queens University. He also participates as a member of the Charlotte Sports Board and the executive committee, indicating his commitment to both business and community engagement. Furthermore, Brown holds experience on the Federal Advisory Council, including serving as its President in 2021, showcasing his ability to provide insights at a national level.
First Horizon, with total assets of $82.2 billion as of December 31, 2024, operates primarily in the Southern U.S. through its subsidiary, First Horizon Bank. The bank provides a wide array of services, including commercial and private banking, wealth management, and mortgage banking, positioning itself as a leading regional financial services firm. The company has garnered recognition from Fortune and Forbes magazines as one of the best employers in the nation and is celebrated for its reputation in the financial sector.
As First Horizon continues to solidify its business momentum and execute on strategic initiatives, JB’s appointment signifies a pivotal step towards enriching the Board with a leader who embodies client-centric values and a robust understanding of the evolving economic landscape. By harnessing JB's diverse skill set, First Horizon aims to enhance its service offerings and address client needs more effectively, driving sustainable growth for years to come.
Hendrick Automotive Group, headquartered in Charlotte, North Carolina, is recognized as the largest privately held automotive group in the U.S., bringing extensive operational knowledge and market expertise to First Horizon. Before his role at Hendrick, Brown served as the Chief Executive Officer of Ally Financial Inc. for nine years, where he made his mark as a notable leader in the financial sector. He retired from Ally in January 2024, having accumulated a breadth of leadership experience that includes positions such as the President and CEO of Dealer Financial Services and Executive Vice President of Finance and Corporate Planning.
Bryan Jordan, Chairman, President, and CEO of First Horizon, remarked that JB's rich background in financial services, combined with his operational leadership from a publicly traded company, will be instrumental for the Board and for First Horizon's overall mission. He emphasized that JB's connections and comprehensive understanding of the Charlotte market will aid in unlocking growth potential in a key area for their business.
Adding to the excitement of JB's appointment, Lead Director Colin Reed expressed the Board's enthusiasm, noting JB's experience within the competitive automotive landscape and his knack for understanding client needs. This appointment aligns with First Horizon's strategy to enhance its competitive edge by leveraging seasoned professionals with diverse experiences.
JB's educational background includes a bachelor's degree from Clemson University and an executive MBA from Queens University, Charlotte. Beyond his professional endeavors, he is actively engaged in his community, serving on the board of the Clemson University Foundation and having completed a term as chair of the Board of Trustees at Queens University. He also participates as a member of the Charlotte Sports Board and the executive committee, indicating his commitment to both business and community engagement. Furthermore, Brown holds experience on the Federal Advisory Council, including serving as its President in 2021, showcasing his ability to provide insights at a national level.
First Horizon, with total assets of $82.2 billion as of December 31, 2024, operates primarily in the Southern U.S. through its subsidiary, First Horizon Bank. The bank provides a wide array of services, including commercial and private banking, wealth management, and mortgage banking, positioning itself as a leading regional financial services firm. The company has garnered recognition from Fortune and Forbes magazines as one of the best employers in the nation and is celebrated for its reputation in the financial sector.
As First Horizon continues to solidify its business momentum and execute on strategic initiatives, JB’s appointment signifies a pivotal step towards enriching the Board with a leader who embodies client-centric values and a robust understanding of the evolving economic landscape. By harnessing JB's diverse skill set, First Horizon aims to enhance its service offerings and address client needs more effectively, driving sustainable growth for years to come.
Topics Financial Services & Investing）
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