MEMPHIS, Tenn., Nov. 20, 2008 (GLOBE NEWSWIRE) -- William C. (BJ) Losch III is joining First Horizon National Corp. (NYSE:FHN) as executive vice president and chief financial officer.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5631
Losch will be responsible for leading the company's financial activities such as treasury, accounting, controls, tax, financial planning, strategic planning, investor relations and corporate development.
Most recently, Losch was senior vice president and chief financial officer for the General Bank at Wachovia Corp., the largest of the company's four major business lines. He provided executive leadership for financial management, performance analytics and advisory services of the consumer and wholesale banking businesses. He was a member of Wachovia's General Bank Operating Committee, Finance Management Committee and Deposit Management Committee and chair of the General Bank's Investment Review Board. In addition, he has also driven and managed major reengineering, cost-reduction, productivity and balance sheet optimization programs, as well as strategic planning, merger integration and business evaluation efforts.
Prior to this role, he held progressively senior roles at Wachovia including CFO of Retail and Small Business Banking and director of Business Analysis and Strategy for the General Bank. He holds a Bachelor of Science in Business Administration from the University of Richmond and a Master of Business Administration from Virginia Commonwealth University.
Losch, 38, will begin as CFO of First Horizon on Jan. 1, 2009.
"BJ will be a great addition to our accomplished management team. His solid financial services background and finance leadership experience will be extremely valuable as we focus on our core banking and capital markets businesses during this challenging period for the financial services industry," said Bryan Jordan, First Horizon CEO. "I appreciate the tremendous job that interim CFO Tommy Adams has performed during the transition period and look forward to continued contributions from Tommy in his position as treasurer."
Losch said, "I am excited about the opportunity to join First Horizon, a company with a great mix of core businesses and a deep passion for customer service. I look forward to using my experiences to help advance the company to even greater successes in the future."
About First Horizon
The 6,000 employees of First Horizon National Corp. (NYSE:FHN) provide financial services through more than 200 bank locations in and around Tennessee and 14 capital markets offices in the U.S. and abroad. First Tennessee Bank has the largest combined market share in the 17 Tennessee counties where it does business and one of the highest customer retention rates of any bank in the country. FTN Financial is one of the nation's top underwriters of U.S. government agency securities. FHN has been recognized as one of the nation's best employers by AARP and Working Mother magazines. More information can be found at www.fhnc.com.
The photo is also available via AP PhotoExpress.
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