UPDATE -- Horizon Bank Appoints Vanessa Williams as New Independent Director

Rhea-AI Summary

Horizon Bancorp announced the appointment of Vanessa Williams as an independent director on the Board of its subsidiary, Horizon Bank. Williams, currently Senior Vice President and General Counsel of Kelly Services, brings extensive experience in legal affairs and risk management. She will serve on the Compensation and Asset Liability and Operation Committees. Horizon Bancorp emphasizes that her leadership will support the company's strategy for growth and shareholder value creation.

Positive

• Appointment of Vanessa Williams as an independent director strengthens the board.
• Williams brings valuable experience in legal affairs, mergers, and risk management.
• Expected contribution to growth and shareholder value creation.

Negative

• None.

MICHIGAN CITY, Ind., Jan. 19, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced today the appointment of Vanessa Williams to serve as an independent director on the Board of its wholly owned subsidiary, Horizon Bank.

Williams is Senior Vice President and General Counsel of Kelly Services, Inc. (Nasdaq: KELYA, KELYB), a leading global workforce solutions company headquartered in Troy, Mich.

“We are pleased to have an accomplished public company leader of Vanessa’s caliber, based in one of Horizon Bank’s most vibrant markets, joining our Board as we execute our strategy for accelerating growth and shareholder value creation,” said Chairman and CEO Craig M. Dwight. “Her years of experience leading legal affairs, mergers and acquisitions, third-party risk management, data privacy and security will be a tremendous asset to the Board, and we look forward to her contributions.”

Williams will serve on the Bank Board’s Compensation and Asset Liability and Operation Committees.

Prior to joining Kelly Services in 2020, Williams was Senior Vice President, Division General Counsel with IHS Markit, Ltd. (NYSE: INFO). She joined IHS Markit in 2014 through its acquisition of R.L. Polk & Co., where she served in a variety of roles, including Deputy General Counsel, beginning in 2006. Earlier in her career she was an attorney with the Michigan Basic Property Insurance Association and the law firm of Plunkett & Cooney, P.C. She earned her B.A. from the University of Alabama, J.D. from the College of William and Mary and M.B.A. from Wayne State University.

About Horizon Bancorp, Inc.
Horizon Bancorp, Inc. (NASDAQ GS: HBNC) is the $7.5 billion–asset bank holding company for Horizon Bank, which serves customers across diverse and economically attractive Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Horizon's retail offerings include prime residential, indirect auto, and other secured consumer lending to in–market customers, as well as a range of personal banking and wealth management solutions. Horizon also provides a comprehensive array of in–market business banking and treasury management services, with commercial lending representing over half of total loans. More information on Horizon, headquartered in Northwest Indiana's Michigan City, is available at horizonbank.com and investor.horizonbank.com. 

Contact: Craig Dwight
Chairman & CEO
Phone: (219) 873-2725
Fax: (219) 873-9280
Date: January 19, 2022

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dd08f0c1-e59c-4690-9377-5ba24ab925c5

 

FAQ

Who is Vanessa Williams and what role has she taken at Horizon Bancorp?

Vanessa Williams has been appointed as an independent director on the Board of Horizon Bank, a subsidiary of Horizon Bancorp.

What experience does Vanessa Williams bring to Horizon Bancorp?

Williams has extensive experience in legal affairs, mergers and acquisitions, and risk management from her role at Kelly Services and previous positions.

What committees will Vanessa Williams serve on at Horizon Bank?

Vanessa Williams will serve on the Bank Board’s Compensation and Asset Liability and Operation Committees.

What is the significance of Vanessa Williams joining the Board for shareholders of HBNC?

Her appointment is seen as a strategic move to enhance board expertise, which may support growth and increase shareholder value for HBNC.