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New First Horizon CEO

Pete Makowiecki replaces Jerry Baker

January 25, 2006

By MortgageDaily.com staff

A new chief now presides over First Horizon Home Loan Corp.

As of Tuesday, Pete Makowiecki assumed the role of mortgage banking president and chief executive officer of the Irving, Tex.-based home loan company, according to an announcement by parent First Horizon National Corp.

Makowiecki, 45, who replaces Jerry Baker, "will oversee the mortgage banking unit as well as national consumer and construction lending, two critical components for the organization's national expansion," First Horizon said.

"My primary goal is to oversee the successful execution of our key strategic initiatives, while maintaining the culture and core values of the organization," Makowiecki said in the announcement.

The "20-year industry veteran" joined First Horizon Home more than five years ago and has served as its senior executive vice president and chief financial officer, a role he will continue until a replacement is named, according to the announcement.

"We are confident that Pete's proven success as a leader will help us achieve our objective to become a premier national financial services company," said Baker, who was promoted to chief operating officer of the parent company. "He will build on the groundwork he's been integral in developing over the past five years."

Makowiecki, a business administration undergraduate of the University of Massachusetts in Amherst, served leadership roles at North American Mortgage, Southern Pacific Funding Corp., Citicorp Mortgage and Fleet Mortgage Co. prior to joining First Horizon Home, the announcement said.

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