HomeTrust Bancshares, Inc. Announces Retirement Of Executive Chair Dana L. Stonestreet, Appointment Of Richard T. "Stick" Williams As New Chair
Portfolio Pulse from Benzinga Newsdesk
HomeTrust Bancshares, Inc. (NASDAQ:HTBI) announced the retirement of Executive Chair Dana L. Stonestreet, effective after the Annual Meeting on November 13, 2023. Richard T. 'Stick' Williams, currently Vice Chair and Lead Director, will succeed him. Stonestreet has been with HomeTrust since 1989, leading its growth from $200 million to $4.7 billion in assets. Williams, a retired Duke Energy executive, joined the HomeTrust Board in 2016 and is recognized for his extensive business experience.
November 14, 2023 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Dana L. Stonestreet will retire as Executive Chair of HomeTrust Bancshares, with Richard T. Williams taking over. Stonestreet's leadership saw significant growth for the company, and Williams is expected to continue this trajectory.
Leadership changes can have mixed impacts on stock prices. While Stonestreet's retirement may bring uncertainty, Williams' strong background and the orderly transition are likely to maintain investor confidence. The company's solid growth trajectory under Stonestreet and the potential for continued growth under Williams' leadership suggest a neutral to positive outlook.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100