CapStar Financial Holding in Nashville, Tenn., has hired an outsider as its next leader.
The $2 billion-asset company said in a press release Tuesday that Claire Tucker, 66, had retired as its president, effective May 13. Tim Schools was hired to succeed Tucker as its president and as president and CEO of CapStar Bank.
Schools will succeed Tucker as the company's CEO on July 31.
Tucker, who has been CEO since the company's formation in 2008, will serve as CEO emeritus through May 31, 2021.
Schools recently served as president and CEO of Highlands Bancshares in Abingdon, Va.
“The board actively engaged in a comprehensive succession plan that included a nationwide search,” Julie Frist, CapStar's vice chairman, said in the release.
Schools "has demonstrated capabilities spanning 27 years of diverse leadership experience at several of the nation’s well-known banking institutions," Frist added.
