Horizon Bancorp, Inc. Announces Key Leadership Changes; Horizon And Mark Secor Have Agreed That He Will Transition From His Role As Executive Vice President And CFO Of The Company And Horizon Bank
Portfolio Pulse from Benzinga Newsdesk
Horizon Bancorp, Inc. announced the succession plan for its CFO and a restructuring of its mortgage and consumer lending leadership. Mark Secor will transition from his role as Executive Vice President and CFO of the Company and Horizon Bank, continuing in the role until a successor is appointed and providing transitional support through April 30, 2024. The company also announced a restructuring of its mortgage and consumer lending division, with Noe Najera departing the company.
November 07, 2023 | 10:37 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Horizon Bancorp's CFO, Mark Secor, is transitioning out of his role, with a successor yet to be appointed. The company is also restructuring its mortgage and consumer lending division, with Noe Najera departing the company.
The departure of a CFO can create uncertainty, potentially impacting the stock price. However, the fact that Mark Secor will remain in his role until a successor is appointed and provide transitional support through April 2024 should mitigate some of this uncertainty. The restructuring of the mortgage and consumer lending division could be seen as a positive move if it leads to improved efficiency and profitability, but it could also create some short-term disruption.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100