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John Hairston, set to become the Mississippi company's sole CEO, said Carl Chaney was not forced out as co-CEO. Still, he said the departure allows Hancock to streamline operations and become more efficient.
November 17 -
John Hairston will stay in the newly combined role, while Carl Chaney plans to retire on Dec. 31. Hancock has been pressed by Wall Street in recent years to get more aggressive cutting costs after buying Whitney Bank.
November 14 -
Investors have been pressuring Hancock Holding (HBHC) in Gulfport, Miss., to speed up cost cuts after its $1.5 billion purchase of Whitney Holding in 2011. Second-quarter results strengthened their case.
July 25
Carl Chaney, a former co-chief executive of Hancock Holding, has joined JTS Capital Group as vice chairman.
Chaney will focus on
Chaney left the $22 billion-asset Hancock in November after serving as co-CEO at the Gulfport, Miss., company since 2006. Chaney was Hancock's chief financial officer from 1998 to 2006. His departure as co-CEO had
In addition to his new position at JTS, Chaney is a director of Mississippi Power, an energy utility owned by Southern Co.
