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Horizon Bancorp Appoints New Chairman

Thursday, 18 Apr 2013 11:17am EDT 

Horizon Bancorp announced that it has named Craig M. Dwight its new Chairman of the Board as well as Chief Executive Officer. In addition, Horizon Bancorp`s Board of Directors approved an amendment to its By-laws to establish the position of Lead Director whenever one person holds both the Chairman and Chief Executive Officer positions. The Lead Director will serve as a principal liaison between the independent Directors, all Board members, the Chairman and Chief Executive Officer and other members of senior management on matters including corporate policy, strategy and executive management performance. The naming of a Lead Director has gained wide acceptance during the past decade and the boards of many companies have established this position to incorporate an additional level of independence and leadership at the board level. As a result of Mr. Dwight`s appointment as both Chairman and Chief Executive Officer effective July 1, 2013, the Board of Directors has established the Lead Director position effective as of that date. The Company also announced Robert C. Dabagia, will retire as Chairman and a Director of the Company on June 30, 2013. 

Company Quote

0.03 +0.14%
12:32pm EDT