- Push-out Score determined
- After 10 years in the position
- Praise and thanks for Host
- Duane Dewey taking over
- Host will remain as Executive Chairman at Trustmark
- Host said 119 words
(exechange) — Jackson, Mississippi, October 27, 2020 — Jerry Host, chief executive of Trustmark, leaves his position. As announced by Trustmark Corp. in a news release and in a regulatory filing published on Tuesday, October 27, 2020, Gerard R. (Jerry) Host leaves his post as chief executive officer at the financial services company after 10 years in the role, effective January 1, 2021.
Jerry Host’s duties as CEO will be taken over by Duane A. Dewey, currently President and Chief Operating Officer of Trustmark National Bank.
Jerry Host’s move forms part of a management shake-up also involving the positions of Chief Administrative Officer; and Chief Financial Officer.
“Thoughtful and deliberate succession planning process”
The management change is explained as follows. Richard H. Puckett, Chairman of the Executive Committee and Lead Director of Trustmark Corporation, said: “This announcement reflects a thoughtful and deliberate succession planning process overseen by our Board of Directors to ensure a seamless transition of executive leadership at Trustmark.”
Host will remain as Executive Chairman at Trustmark
“Gerard R. Host will become Executive Chairman of Trustmark Corporation and Trustmark National Bank effective January 1, 2021,” Trustmark said.
“Succeed”
Trustmark said: “Duane A. Dewey, President and Chief Operating Officer of Trustmark National Bank, will succeed Mr. Host as President and CEO of Trustmark Corporation and CEO of Trustmark National Bank effective January 1, 2021.”
Share price increase since October 2015
The announcement follows an increase in Trustmark Corp.’s share price of 5% since October 2015.
In the position of CEO since 2011
Jerry Host became CEO of the Company in 2011.
Host became president and chief executive officer of the Corporation and chief executive officer of the Bank, effective January 1, 2011, and served as president of the Bank from 2011 until January 1, 2020.
He served as president and chief operating officer of the Bank prior to that time.
He also served as a director of the Federal Reserve Bank of Atlanta from 2012 until the end of his second term on December 31, 2018.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Trustmark and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 44.2020 ($).