Hilltop Holdings changes leadership
Dallas-based financial holding company Hilltop Holdings Inc. has named Jeremy B. Ford and Alan B. White co-CEOs. Ford was previously sole CEO and president of Hilltop Holdings, while White was vice chairman of Hilltop Holdings and CEO of PlainsCapital Corp., a Hilltop subsidiary. Ford will be president and co-CEO and White will be vice chairman and co-CEO of Hilltop Holdings.
Announcing the change on Sept. 12, Ford said the new Hilltop company structure will provide leadership for the entire organization, promote consistency and accountability, and focus on long-term growth.
“This is an exciting time in Hilltop Holdings’ history,” Ford said. “After 36 months of extensive acquisitions, integrations, and organic growth since our initial PlainsCapital Corp. acquisition, we are making strategic changes to our executive roster and organizational platform to position our company for future success…Alan and I are committed to working together to take Hilltop to the next level.”
White will oversee Hilltop’s revenue generating operations comprised of PlainsCapital Bank, PrimeLending, Hilltop Securities Inc. and National Lloyds Corp. Ford will oversee Hilltop’s corporate functions, including: accounting and finance; risk and compliance; legal; corporate development; and corporate administrative areas.
In conjunction with these leadership moves, Hilltop’s wholly owned subsidiary, PlainsCapital Corp., the holding company for operating entities PlainsCapital Bank and PrimeLending, will be fully integrated into the Hilltop Holdings parent to create a single, unified holding company for the entire organization.
“Hilltop is entering a new era of success,” said White. “I look forward to working with Jeremy as we focus on creating a platform that supports the operations of our subsidiary companies, enabling them to do what they do best and focus on revenue generation and growth. We intend to make these strategic changes without impacting the way we do business or affecting the unique, relationship-based corporate culture that drives our success.”
Additional leadership changes at Hilltop Holdings include the recent hiring of former KeyCorp executive William B. Furr, who was named chief financial officer, and the move of Darren E. Parmenter to chief administrative officer. Parmenter previously served as Hilltop’s principal financial officer. With the integration of PlainsCapital Corporation into Hilltop Holdings, PlainsCapital Corp.’s former president and COO James R. Huffines has moved to chief operating officer for subsidiaries for Hilltop Holdings. In addition, John A. Martin, former CFO of PlainsCapital Corp., has been named chief accounting officer of Hilltop Holdings.
As of June 30, 2016, Hilltop Holdings employed 5,400 people and operated 450 locations in 44 states. Hilltop Holdings’ common stock is listed on the New York Stock Exchange under the symbol HTH.