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MEMPHIS, TN - First Horizon Corp (NYSE:FHN) announced on Monday that board member Rosa Sugrañes will retire from the company’s board of directors. Her retirement will be effective at the 2025 annual meeting of shareholders, where directors are elected.
Sugrañes, 67, communicated her decision to the bank on February 11, 2025. She has been a part of First Horizon's board since the company's merger with IBERIABANK Corporation in 2020. Prior to the merger, she served as a director for IBERIABANK from 2018 to 2020 and was a director of Sabadell United Bank in Miami until its acquisition by IBERIABANK.
The company's filing with the SEC did not cite any disagreements between Sugrañes and the management as the reason for her departure. Her retirement marks the end of a tenure that spans significant corporate milestones, including the merger that expanded First Horizon's footprint in the financial sector.
First Horizon, headquartered in Memphis, Tennessee, operates as a financial services company under the standard industrial classification of national commercial banks. The company's common stock is traded on the New York Stock Exchange under the symbol FHN, along with several series of depositary shares representing interests in non-cumulative perpetual preferred stock.
The information about Sugrañes' planned retirement is based on a press release statement filed with the SEC. This announcement is part of the company's regular reporting obligations and does not reflect any broader changes in the company's executive team or strategic direction.
Investors and stakeholders of First Horizon can expect the company to follow its established protocols for nominating and electing a new director to fill the vacancy left by Sugrañes' retirement at the upcoming annual meeting. The details of potential successors or the impact on the board's composition have not been disclosed at this time.
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