First Guaranty Bancshares Says Alton Lewis Will Retire From As President And CEO In May; Michael Mineer To Become Next President And CEO
Portfolio Pulse from Benzinga Newsdesk
First Guaranty Bancshares announced that Alton Lewis will retire as President and CEO in May, with Michael Mineer set to take over the roles. Lewis will remain involved as Vice Chairman of the Holding Company and Bank Board of Directors.
May 29, 2024 | 9:59 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Alton Lewis will retire as President and CEO of First Guaranty Bancshares in May, with Michael Mineer taking over. Lewis will remain as Vice Chairman.
The retirement of a CEO and appointment of a new one can have significant implications for a company's strategic direction and operations. However, since Alton Lewis will remain involved as Vice Chairman, the transition may be smoother, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100