Truxton Trust Announces Changes to Executive Leadership

Rhea-AI Summary

Truxton Trust Company, based in Nashville, has announced leadership changes aimed at enhancing growth and shareholder value. Derrick A. Jones has been appointed as the new President, succeeding Andrew L. May, who will serve as Vice Chairman and remain on the Board. Promotions extend to J. Overton Colton and Julie M. Marr as Executive Vice Presidents, and Austin S. Branstetter as Senior Vice President and CFO. The leadership changes reflect the confidence of the Board in the new executives and aim to maximize Truxton's future success and growth.

Positive

• Leadership changes aimed at driving company growth and enhancing shareholder value.
• Derrick A. Jones appointed President, suggesting a strategic shift.
• Continued involvement of Andrew L. May as Vice Chairman enhances experience in leadership.

Negative

• None.

NASHVILLE, Tenn., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Truxton Trust Company announced today executive leadership changes designed to drive company growth and enhance shareholder value.

Derrick A. Jones has assumed the role of President of the Company and joined Truxton’s Board of Directors. He takes over as President from Andrew L. May, who has served as President since 2016 and as Chief Financial Officer since 2010. May will assume the role of Vice Chairman of the Company and remain on its Board of Directors. Additionally, J. Overton Colton and Julie M. Marr have been promoted to Executive Vice President and Austin S. Branstetter has been promoted to Senior Vice President and Chief Financial Officer.

“Andy May will continue to be an invaluable resource to the company on a variety of strategic matters, especially for Truxton Capital Advisors, which the Company launched in 2022,” said Tom Stumb, Truxton’s Chairman and CEO. “These changes reflect the confidence our Board has in the leadership of these executives, as well as our commitment to maximize our company’s future growth and success.”

About Truxton Trust
Truxton Trust Company is a provider of private banking, wealth management, trust, capital markets, and family office services for wealthy individuals, their families and their business interests. Serving clients across the world, Truxton’s vastly experienced team of professionals provides customized solutions to its clients’ complex financial needs. Founded in 2004 in Nashville, Tennessee, Truxton Trust upholds its original guiding principle: do the right thing. Truxton Trust Company is a subsidiary of financial holding company, Truxton Corporation (OTCPK: TRUX). For more information, visit truxtontrust.com.

Media Relations	Investor Relations
Swan Burrus	Austin Branstetter
615-250-0773	615-250-0783
swan.burrus@truxtontrust.com	austin.branstetter@truxtontrust.com

FAQ

Who is the new president of Truxton Trust Company?

Derrick A. Jones has been appointed as the new President of Truxton Trust Company.

What role will Andrew L. May have after the leadership changes?

Andrew L. May will become Vice Chairman of Truxton Trust Company and remain on its Board of Directors.

What positions were created in the leadership changes at Truxton Trust?

J. Overton Colton and Julie M. Marr were promoted to Executive Vice President, while Austin S. Branstetter became Senior Vice President and Chief Financial Officer.

What is the goal of the recent executive leadership changes at Truxton Trust?

The changes aim to drive company growth and enhance shareholder value.

When were the leadership changes at Truxton Trust announced?

The leadership changes were announced on February 2, 2023.