First Horizon National Corp. is replacing its president and chief executive officer.
D. Bryan Jordan will take over the Memphis, Tenn.-based company on Sept. 1, an announcement Monday said. He will also serve as president and CEO of First Tennessee Bank, its principal banking subsidiary.
Jordan, 46, replaces Jerry Baker, who will remain as vice chairman until he retires on Dec. 31, according to First Horizon, which employs 9,000 people.
"After evaluating where we are in our strategic refocus efforts and the quality of the team we have in place, I can now move toward retirement with the confidence that Bryan Jordan and the management team have the skills and experience to execute our refocused strategy," Baker said in the statement.
Jordan was appointed chief financial officer of the company in April 2007.
First Horizon expects to close on the sale of 230 First Tennessee Bank, N.A., retail and wholesale mortgage offices to MetLife Bank, N.A., by September.
"With the pending sale of our mortgage business, we are clearly at a transition point, and Bryan Jordan is extremely qualified to lead our company as we refocus on regional banking and capital markets," First Horizon Chairman Michael D. Rose stated in the press release.