First Horizon Corporation announced that Thomas Hung, Executive Vice President, Head of Franchise Finance, will be named Senior Executive Vice President, Chief Credit Officer, effective October 1, 2024. Hung will succeed Susan Springfield, Senior Executive Vice President, Chief Credit Officer, who has served in this role since 2013. Starting April 15, 2024, Hung will serve as Deputy Chief Credit Officer to begin the succession planning process and join the Executive Management Committee.

Springfield will remain with the company until the end of the year to support the transition. Hung will report directly to Chairman, President and CEO Bryan Jordan and reside in Memphis, Tennessee. Hung joined the company in 2019 and has over two decades of experience in the financial services industry.

He previously served as Managing Director and Head of Sponsor and Chain Restaurants for Citizens Bank, where he built out a national chain restaurant lending platform for financing and syndicating sponsor-backed restaurant loans. Before that, Hung was with GE Capital Franchise Finance in various capacities across sales, capital markets, underwriting, and portfolio management, culminating his tenure as Senior Vice President and Head of Club Syndications. Other experience includes working as an investment banker with JPMorgan and Deutsche Bank, specializing in mergers and acquisitions, as well as equity private placements.

Hung holds a BS in Finance from Brigham Young University and an MBA from the Johnson Graduate School of Management at Cornell University. He is originally from Sydney, Australia.