VOL. 133 | NO. 55 | Friday, March 16, 2018
First Horizon Among Top Companies for Women Executives
By Andy Meek
For the seventh straight year, the parent company of First Tennessee Bank – where women comprise more than 60 percent of the workforce – has been honored as one of the top companies in the nation for female executives.
Memphis-based First Horizon National Corp. again landed a spot on the annual Top Companies for Executive Women list by the National Association for Female Executives. Among the reasons why: Women constitute than 30 percent of First Horizon’s executive management committee.
Additionally, more than half of First Horizon’s formal mentoring program participants are women. And First Horizon’s Women’s Initiative Employee Resource Group, which is more than 15 years old, promotes the success of women in the company and its communities.
“I’m excited to be part of First Horizon, a company that values and actively provides opportunities for growth and advancement for women throughout the organization,” Candace Steele Flippin, hired in January as executive vice president and chief communications officer for First Horizon, told The Daily News. “First Horizon is dedicated to providing leadership opportunities for women at every level of the company, and this honor from NAFE celebrates that commitment.”
The NAFE recognition celebrates American corporations where women have “significant influence” to make the decisions that affect their company’s future and its bottom line.
Among the other names that made it onto this year’s list are major corporate brands such as Johnson & Johnson, Target, L’Oreal USA, General Motors, American Express and AT&T.
For a snapshot of how much of an influence women have at First Tennessee’s parent company, female members of the company’s executive management team include Maria Justo, executive vice president for consumer, mortgage and centralized commercial lending operations at First Tennessee; and Tammy LoCascio, executive vice president for consumer banking at First Tennessee.
Susan Springfield is executive vice president and chief credit officer for First Horizon National Corp., and Flippin likewise is part of the executive management team at First Horizon.
First Horizon is consistently ranked as one of the best companies in the nation for female executives, according to LoCascio. The company, she added, is “dedicated to providing development and advancement opportunities for all our employees, and we work hard to create an environment that promotes diversity and inclusion.”
The NAFE is a division of Working Mother Media. According to Working Mother Media senior vice president and managing director Subha Barry, this year’s list showcased improvement in some key areas, such as in the number of female CEOs and promotions at every level.
However, Barry also notes a dip in indicators like top earners at companies on the list, which shows room for improvement.
FHN’s recognition and the release of this year’s list come at a time when corporations are getting more scrutiny for their approach to diversity and inclusion, and in particular, their support and promotion of women in the workplace.
Diane Morais, president of consumer and commercial banking products at Ally Bank, said in a recent interview on the streaming financial news network Cheddar that there’s been major improvement over the past decade in terms of female representation in corporate boardrooms. However, according to data from McKinsey & Co., only about 3 percent of women in the C-suite are women of color.