First Horizon Names FedEx CFO, John Dietrich, to its Board of Directors

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First Horizon Corporation (NYSE: FHN) announced the election of John W. Dietrich, Executive Vice President and CFO of FedEx, to its Board of Directors. Dietrich brings extensive financial and executive leadership experience. The company also announced the retirement of two esteemed directors, John N. Casbon and William H. Fenstermaker, effective at its 2024 annual meeting of shareholders.

MEMPHIS, Tenn., Jan. 23, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") today announced the election of John W. Dietrich, 59, to the First Horizon Corporation Board of Directors and First Horizon Bank Board of Directors.

Dietrich is Executive Vice President and Chief Financial Officer of FedEx Corporation ("FedEx"), a provider of transportation, e-commerce and business services. He is responsible for all aspects of FedEx's global financial functions, including financial planning, treasury, tax, accounting and controls, internal audit, investor relations, and corporate development. He is also a member of the six-person Executive Committee, which plans and executes the corporation's strategic business activities. Prior to joining FedEx, Dietrich served as President, Chief Executive Officer and a member of the board of directors of Atlas Air Worldwide Holdings, Inc. ("Atlas") from 2019 until it was acquired by an investor group in 2023. He joined Atlas in 1999 as Associate General Counsel, was promoted to Senior Vice President, General Counsel and Corporate Secretary in 2004, and served as Chief Operating Officer from 2006 until 2019. Prior to joining Atlas, he worked at United Airlines for 13 years.

"As a financial expert and executive leader of a such a well-regarded, global organization, John brings a wealth of knowledge and experience that will be invaluable in guiding our future," said Bryan Jordan, Chairman, President and Chief Executive Officer of First Horizon. "John understands the value of a client-centric business model and the importance of continually adapting to the changing needs and expectations of our client base." 

First Horizon Lead Director Colin Reed added, "I am extraordinarily pleased to extend a warm welcome to John as our newest addition to our Board of Directors. An accomplished leader and brilliant strategist, John is highly regarded for leading transformational change in the aviation industry. His visionary leadership and depth of experience in leading operations and complex negotiations are invaluable to our Board at a pivotal time in our company's history. We are honored to have a leader of his caliber join the company."

Dietrich also serves on the Board of Directors of AAR Corporation and is actively engaged in his industry as Chairman of the National Defense Transportation Association, a member of the Board of Governors of the International Air Transport Association and a member and former Chairman of the National Air Carrier Association.

The company also announces the retirement of two esteemed directors, John N. Casbon, 75, and William H. Fenstermaker, 75, effective at First Horizon's 2024 annual meeting of shareholders. Each has served on the First Horizon boards since its merger of equals with IBERIABANK. Throughout their tenure, each has made an indelible mark on the organization. Demonstrating exemplary leadership, they have generously given their time and talents to shape the strategic direction of the organization and drive its continued growth and prosperity.

Bryan Jordan added, "Through their dedicated service on the board over the years, John and Bill helped to create the incredibly strong foundation from which we build our future. I am deeply grateful for their support, guidance, friendship and contributions to our board and entire organization."

About First Horizon

First Horizon Corp. (NYSE: FHN), with $81.6 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.

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SOURCE First Horizon Corporation

FAQ

Who was elected to the First Horizon Corporation Board of Directors?

John W. Dietrich, Executive Vice President and CFO of FedEx.

What is the ticker symbol for First Horizon Corporation?

The ticker symbol is FHN.

Who are the retiring directors from the First Horizon board?

John N. Casbon and William H. Fenstermaker.

What is John W. Dietrich's position at FedEx?

He is the Executive Vice President and Chief Financial Officer.

What is the 2024 annual meeting of shareholders for First Horizon?

It is the meeting at which the retirement of the two esteemed directors, John N. Casbon and William H. Fenstermaker, will be effective.