MEMPHIS, Tenn., March 14, 2018 (GLOBE NEWSWIRE) -- First Horizon National Corp. (NYSE:FHN) has been named one of the 2018 Top Companies for Executive Women by the National Association for Female Executives (NAFE). The recognition honors American corporations where women have significant influence to make the decisions that affect their company’s future and its bottom line. This marks First Horizon’s seventh consecutive year on the list.
“I am proud to work for a company that consistently ranks as one of the best in the nation for female executives,” said Tammy LoCascio, executive vice president of consumer banking. “We are dedicated to providing development and advancement opportunities for all our employees, and we work hard to create an environment that promotes diversity and inclusion.”
First Horizon Highlights
- Female leaders constitute more than 30 percent of First Horizon’s Executive Management Committee
- More than 55 percent of First Horizon’s formal mentoring program participants are women
- Women at First Horizon comprise 60 percent of the company’s workforce
- First Horizon’s Women’s Initiative Employee Resource Group, which is more than 15 years old, promotes the success of women in our company and communities
Betty Spence, president of NAFE, says, “NAFE’s annual scrutiny of women’s progress at American companies offers essential data about the movement of women into top leadership in the private sector. In this first year of having five NAFE Top Companies with boards of 50% or more women, we point to a synergy between the greater presence of women on the board and an increase in the number of winning companies with women CEOs and with 50%-plus women in the C-suite (10 companies).”
Subha V. Barry, senior vice president & managing director, Working Mother Media, says, “NAFE’s Top Companies shows us what progressive organizations are doing to ensure women’s advancement into executive positions. This year, noting increased enrollment and more companies with high scores, we decided to enlarge the list by 10. Areas such as number of female CEOs and promotions at every level illustrate improvement. However, while there is increased CEO engagement in making sure women have the best chance to become leaders, we also note there has also been a dip in key indicators like top earners, which needs to be addressed.”
About First Horizon
First Horizon National Corp. (NYSE:FHN) provides financial services through its First Tennessee, Capital Bank, FTB Advisors, and FTN Financial businesses. First Horizon operates more than 350 bank locations across the southern U.S. and 28 FTN Financial offices across the entire U.S. Our banking subsidiary was founded in 1864 and has the 14th oldest national bank charter in the country. Our First Tennessee and Capital Bank brands have the largest deposit market share in Tennessee and one of the highest customer retention rates of any bank in the country. We have been ranked by American Banker as No. 5 among the Top 10 Most Reputable U.S. Banks. Our FTB Advisors wealth management group has more than 300 financial advisors and about $30 billion in assets under administration. FTN Financial is a capital markets industry leader in fixed income sales, trading and strategies for institutional customers in the U.S. and abroad. We have been recognized as one of the nation’s best employers by Working Mother and American Banker magazines and the National Association for Female Executives. More information is available at www.FirstHorizon.com.
About the Methodology
The 2018 NAFE Top Companies application includes some 200 questions on female representation at all levels, especially the corporate officer and profit-and-loss ranks. The vetting process includes tracking access and usage of programs and policies that promote the advancement of women as well as the training and accountability of managers in relation to the number of women who advance. In order to be eligible for the NAFE Top Companies survey, entrants must have a minimum of 1,000 employees, two women on the Board of Directors and be a public or private company. NAFE also separately names the Top 10 companies in the nonprofit sector.
About NAFE
The National Association for Female Executives (NAFE), founded in 1972, serves 20,000 members nationwide with networking, tools and solutions to strengthen and grow their careers and businesses. Working Mother magazine publishes the annual NAFE Top Companies list. NAFE.com provides up-to-date information, a community for women in business, and access to member benefits. NAFE is a division of Working Mother Media, owned by the Bonnier Corporation.
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Contact: James Dowd (901) 523-4305 JEDowd@FirstTennessee.com