Corporate treasurer retiring 9-3 being replaced by…wait for it… another Suntrust minion. Wait until merger completion bonus are paid next year. hBBT e14 members will be running for the door. SunTruist will be rolling then!
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I have to disagree with the person who stated "not so much a 'code-red' situation as it is people fulfilling their contracts, getting rich and jetting. You'd do the same." People who make it to that level in an organization have been rich enough for awhile to retire. These are the type of people who work because they enjoy it and relish in the competitive environment and getting ahead. When they see clearly that they can no longer get ahead or wield power as they did or are being diminished in their role, that's when they "retire." It's not because they suddenly have the money. It's clear that things have changed in such a way that the heritage BB&T execs feel they can no longer be successful and THAT is the reason they are leaving. Not money.
This is a great example of not just “how many” are leaving, but also “who” is leaving. For those who know the Executive team, I am sure most would agree Chris Henson stood out as being one of the few remaining competent, fair and decent human beings left on E14.
He is still relatively young (and was set to be CEO when Kelly retired), so I don’t buy into the sudden “early retirement” explanation. He is no doubt running away from Kelly’s unmitigated disaster, and is disgusted at seeing the treatment of so many good, loyal employees (and what the future holds for so many thousands more). If HBBT employees are waiting for their sign to leave, you just got it.
Of course they were “rewarded” for staying until some or all of integration was completed. The real story is how or if they are replaced. Will E14 be reduced as long timers GTFO? Something tells me this will be the case and hSTI executives will be the remaining running SunTruist. King Kelly’s legacy will be completely ruining a great regional bank by merging two polar opposites into one giant cluster of a bank.
The old-timers were all offered "retention bonuses" if they stayed on through some merger milestones. Those dates/milestones have arrived and now they have the opportunity to leave per their contracts.
Not so much a 'code-red' situation as it is people fulfilling their contracts, getting rich and jetting. You'd do the same.
Henson was designated as Kelly’s replacement in 2016 being chosen over Ricky Brown. Brown gave Kelly the middle finger salute and retired. Now Henson is doing the same. It seems fairly certain he made it clear he would leave when Rogers took the helm as he likely feels hSTI folks are inferior in every way. You can be assured the culture he sees doesn’t align with his and he will not work for or with these assclowns. He will not be the last of hBBT E14 to leave this shitshow.
This post is referring to Donna Goodrich, one of hBBT former executives. Her retirement was recently announced. But then today, the big news of Chris leaving was announced by corporate wide email.
Suntrust is taking over, and destroying this company.
To the last post, do you mean Chris Henson?
Chris Henson
Chris Henson is head of Banking and Insurance at Truist Financial Corporation. Henson is a member of the executive leadership team and oversees Truist's Retail Community Bank, Commercial Community Bank, Banking Operations, Mortgage, Dealer Finance, National Consumer Finance & Payments as well as Insurance Holdings.
To be announced today, also the head of banking and insurance is retiring - hBBT. Like rats on a sinking ship.