First Horizon Corporation announced that Executive Vice President, Head of Franchise Finance Thomas Hung will be named senior executive vice president, chief credit officer, effective October 1, 2024. Hung will succeed Susan Springfield, senior executive vice president, chief credit officer, who has served in this role since 2013.
Starting April 15, 2024, Hung will serve as deputy chief credit officer to begin the succession planning process and join the Executive Management Committee. Springfield will remain with the company until the end of the year to support the transition. Hung will report directly to Chairman, President, and CEO Bryan Jordan. Hung resides in Memphis, Tennessee, where First Horizon is headquartered.
"Tom's background in leading one of the largest national financiers of franchisors, franchisees, independent chains and private equity sponsors in the restaurant industry positions him well to take on this critical leadership role," said Bryan Jordan, Chairman, President, and Chief Executive Officer of First Horizon. "With a wealth of credit experience and a proven track record of building strong client relationships, his expertise and integrity make him the perfect fit for this position. I have great confidence that under Tom's leadership, we will continue to expand our high-quality client base within our operating philosophy of soundness, profitability and growth."
Hung joined the company in 2019 and has more than two decades of experience in the financial services industry. He previously served as Managing Director and Head of Sponsor and Chain Restaurants for Citizens Bank, where he built out a national chain restaurant lending platform for financing and syndicating sponsor-backed restaurant loans. Before that, Hung was with GE Capital Franchise Finance in various capacities across sales, capital markets, underwriting, and portfolio management, culminating his tenure as Senior Vice President and Head of Club Syndications. Other experience includes working as an investment banker with JPMorgan and Deutsche Bank, specializing in mergers and acquisitions, as well as equity private placements.
Hung holds a BS in Finance from Brigham Young University and an MBA from the Johnson Graduate School of Management at Cornell University. He is originally from Sydney, Australia.
