First Horizon's Loss: The Retirement of Harry V. Barton Jr.

First Horizon Corporation (NYSE: FHN) announced the retirement of Harry V. Barton Jr., a long-serving director who has been instrumental in guiding the company's strategic direction and risk management strategies. Mr. Barton, a certified public accountant with over 31 years of dedicated service, will retire from the Boards of Directors of First Horizon Corporation and First Horizon Bank effective at the end of his current term.



Mr. Barton's extensive experience in public company audit, risk, and compliance matters has been invaluable to First Horizon. As a director of IBERIABANK since 1993 and a director of First Horizon since 2020, he has brought a wealth of knowledge and expertise to the organization. His background in accounting and investment advisory services has been particularly useful in helping First Horizon navigate the complexities of financial reporting, risk assessment, and compliance with various regulations.

Under Mr. Barton's guidance, First Horizon has maintained strong internal controls, adhered to regulatory requirements, and mitigated potential risks. His years of board experience have also provided valuable insights into corporate governance and decision-making processes, further enhancing the company's strategic direction.

First Horizon's assets have grown significantly under Mr. Barton's tenure. As of December 31, 2024, the company's assets totaled $82.2 billion, reflecting a substantial increase since the merger with IBERIABANK in 2020. This growth can be attributed, in part, to Mr. Barton's valuable contributions to the organization's strategic direction and decision-making processes.



The retirement of Harry V. Barton Jr. may have several impacts on First Horizon's board dynamics and decision-making processes. To ensure a smooth transition, the company should consider appointing a replacement with relevant experience in audit, risk, and compliance. This will help to maintain the board's expertise in these critical areas and mitigate the loss of institutional knowledge.

First Horizon should also review and update its board committees to ensure that they remain balanced and effective. Strengthening board training and development programs will help new directors get up to speed quickly and maintain the board's effectiveness in governance practices.

In conclusion, the retirement of Harry V. Barton Jr. is a significant loss for First Horizon. His extensive experience and expertise in public company audit, risk, and compliance matters have been invaluable in guiding the company's strategic direction and risk management strategies. To ensure a smooth transition, First Horizon should take steps to maintain the board's expertise in these critical areas and strengthen its governance practices.