JACKSON, Miss.--(BUSINESS WIRE)--
The Boards of Directors of Trustmark Corporation (NASDAQ:TRMK) and its
subsidiary, Trustmark National Bank, announced today that Gerard R.
(Jerry) Host will serve as president and chief executive officer of both
companies upon the retirement of Richard G. Hickson as chief executive
officer on December 31, 2010.
“The Board has diligently considered this decision and is confident that
Jerry has the vision, skills and experience to lead this company,” said
Hickson. “Throughout his tenure with Trustmark, Jerry has provided key
leadership in developing and implementing the company’s strategic plans
and operations, which is reflected in our continued solid performance,
and I am certain he will continue to build value for our shareholders.”
“I am pleased to be given the opportunity to lead such a strong
organization,” stated Host. “Together with our experienced management
team and knowledgeable associates, we will continue to focus on our
commitment to provide outstanding customer satisfaction by delivering
banking and financial solutions to meet our customers’ needs.”
“It has been my goal over the last five years to achieve a seamless
transition of the CEO role with someone who is very capable and
understands Trustmark’s core values and objectives,” commented Hickson.
“Jerry understands our markets and is well-prepared and qualified to
ensure continued success for Trustmark.”
Host currently serves as a director of both companies, as well as
president and chief operating officer of Trustmark National Bank, a
position he has held since 2008. During his twenty-six years with
Trustmark, Mr. Host has served in various executive management
capacities, including president and chief operating officer of the
General Banking, Consumer Services and Financial Services divisions, as
well as chief financial officer. Mr. Host is a director of the New
Orleans Branch Board of the Federal Reserve Bank of Atlanta and the
Mississippi Bankers Association. He is past Treasurer and serves on the
Board of Governors and Executive Committee for the Mississippi Economic
Council and is past Chairman of the Board for Pulse-EFT Association, now
a subsidiary of Discover Financial Services, Inc.
Mr. Hickson will continue to serve as chairman of Trustmark and
Trustmark National Bank until the annual shareholders meeting in May
2011, at which time he will retire.
About Trustmark
Trustmark is a financial services company providing banking and
financial solutions through over 150 offices in Florida, Mississippi,
Tennessee and Texas.
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Source: Trustmark Corporation
Contact:
Trustmark Corporation
Media:
Melanie A. Morgan, Senior Vice
President
601-208-2979
or
Investors:
Louis E. Greer,
Treasurer and Principal Financial Officer
601-208-2310
or
F.
Joseph Rein, Jr., Senior Vice President
601-208-6898