First Financial Corporation Announces Leadership Transition; Norman D. Lowery To Succeed Norman L. Lowery As President And CEO On January 1, 2024; Norman L. Lowery To Serve As Executive Chairman
Portfolio Pulse from Benzinga Newsdesk
First Financial Corporation (NASDAQ:THFF) announced a leadership transition. Norman D. Lowery, currently Senior Vice President and COO, will succeed his father, Norman L. Lowery, as President and CEO on January 1, 2024. The current Chairman, President and CEO, Norman L. Lowery, will serve as Executive Chairman of the Board through December 31, 2024, and then transition to non-executive Chairman.
October 20, 2023 | 8:33 pm
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First Financial Corporation announced a leadership transition with Norman D. Lowery set to become the new President and CEO from January 1, 2024. This could potentially bring new strategies and directions for the company.
Leadership transitions can bring about changes in company strategy and direction. However, as Norman D. Lowery is an internal appointment and has been with the company for 33 years, drastic changes are less likely. The impact on the stock price is neutral in the short term as the transition is not immediate and will take place in 2024.
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