- Push-out Score determined
- After almost nine years in the position
- Praise for Stonestreet
- Hunter Westbrook taking over
- Stonestreet will remain as Executive Chairman at HomeTrust Bancshares
- Stonestreet spoke at length and said 166 words
(exechange) — Asheville, North Carolina, May 24, 2022 — Dana Stonestreet, chief executive of HomeTrust Bancshares, leaves his position. As announced by HomeTrust Bancshares Inc. in a news release and in a regulatory filing published on Tuesday, May 24, 2022, Dana L. Stonestreet leaves his post as chief executive officer at the holding company for HomeTrust Bank, after almost nine years in the role, effective September 1, 2022.
Dana Stonestreet’s duties as CEO will be taken over by C.Hunter Westbrook, currently President, Chief Executive Officer, and Director at HomeTrust Bank.
“Culmination of an ongoing succession plan”
Dana Stonestreet’s departure from the CEO post is explained as follows. HomeTrust Bancshares said: “Mr. Westbrook’s promotion is the culmination of an ongoing succession plan that Mr. Stonestreet has coordinated with the Board of Directors in preparation for his future retirement.”
Stonestreet will remain as Executive Chairman at HomeTrust Bancshares
“Stonestreet, who has been with HomeTrust for 33 years and as Chairman and CEO since 2013, will become the Executive Chairman of the Company and Bank,” HomeTrust Bancshares said.
HomeTrust Bancshares said: “[E]ffective September 1, 2022, C. Hunter Westbrook will succeed Dana L. Stonestreet as Chief Executive Officer of the Company and continue his leadership of HomeTrust Bank (“Bank” or “HomeTrust”) as President and Chief Executive Officer.”
Share price increase since May 2017
The announcement follows an increase in HomeTrust Bancshares Inc.’s share price of 4% since May 2017.
In the position of CEO since 2013
Dana Stonestreet became CEO of the Company in 2013.
In his 32 years of service, Stonestreet has overseen ten acquisitions and the growth of HomeTrust Bank from $300 million in assets to $3.5 billion in assets at June 30, 2021.
Stonestreet currently serves as Chairman and Chief Executive Officer of HomeTrust Bancshares and Chairman of HomeTrust Bank.
Stonestreet also served as President of HomeTrust Bancshares and Chief Executive Officer of HomeTrust Bank prior to the promotion of Westbrook to those positions effective September 1, 2021.
Stonestreet joined HomeTrust Bank in 1989 as its Chief Financial Officer and was promoted to Chief Operating Officer in 2003 and President in 2008.
He became Co-Chief Executive Officer of HomeTrust Bancshares and HomeTrust Bank in July 2013 and Chairman and Chief Executive Officer of HomeTrust Bancshares and HomeTrust Bank in November 2013.
Stonestreet began his career with Hurdman & Cranston (an accounting firm that was later merged into KPMG) as a certified public accountant.
Stonestreet has served as Chairman of the Asheville Chamber of Commerce and as a director for RiverLink, the YMCA, United Way, the North Carolina Bankers Association and other community organizations.
In July 2017, Stonestreet was appointed to the North Carolina Banking Commission for a four-year term.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Dana Stonestreet’s move on a scale of 0 to 10.
exechange reached out to HomeTrust Bancshares and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 22.2022 ($).