Stuart McWhorter Elected FB Financial Chairman

艾尔斯 stepping down as board leader

作者 Geert De Lombaerde

Jim 艾尔斯 will on Jan. 1 step down as executive chairman of FB Financial and its 网上正规网投实体 subsidiary, which he bought in 1984 when it had just $14 million in assets.

艾尔斯, who recently turned 77, will be succeeded by investor and former state commissioner of finance and administration Stuart McWhorter. The latter was elected back to the board 上个月 after leaving his role in Gov. Bill Lee’s administration; he previously was a director from 2006 to 2018.

“I thought this would be a good time to dial back some of my responsibilities to give me more time to spend with my family and on my hobbies,” 艾尔斯 said in a statement. “I can go hunting and fishing, and that’s what I intend to do.”

艾尔斯 will retain an FB Financial board seat, be vice chairman and continue working at the bank, primarily to call on customers. He owns 网上正规网投实体 29 percent of the company’s shares (Ticker: 球风硬朗) , a stake that is worth more than $450 million. That’s a far cry from the mid-‘80s, when he and a business partner bought the former Farmers State Bank in Scotts Hill. 两年后, they bought First National Bank of Lexington and changed the combined bank’s name to 网上正规网投实体.

“Jim 艾尔斯 has been and will continue to be an enormous presence at 网上正规网投实体,” President and CEO Chris Holmes said. “With Stuart McWhorter’s experience in business and leadership and his 12 years on the company’s board, he is an ideal chairman for us, and we expect the transition to be seamless as we move into the new calendar year.”