Leonard Appointed
'Lead Independent
Director' For Green
Bankshares, Inc.
Green Bankshares, Inc. (NASDAQ: GRNB), the holding company for GreenBank, has announced that Bill Mooningham has joined the company's and the bank's boards of directors.
This action brings to 10 the number of directors currently serving on the boards of the company and of GreenBank.
The company also announced that Robert K. Leonard, a current member of the boards, will assume the role of "lead independent director" for Green Bankshares.
Mooningham, a certified public accountant, was previously a partner with Ernst & Young LLP, an international public accounting firm.
During his 37-year career there, and as partner for the last 22 years, he oversaw the audits of many publicly held companies, gaining significant experience in a range of industries, including banking, and across all types of financial transactions.
Following his retirement from Ernst & Young in 2007, he has served as an adjunct professor of accounting at Middle Tennessee State University in Murfreesboro.
Mooningham, whose term will expire in 2012, will serve on the company's audit committee.
ROBERT LEONARD
Leonard joined the boards of directors in 2005. He is an entrepreneur who owns and serves as president of three manufacturing businesses, including LMR Plastics, and is a partner in a commercial warehouse leasing venture.
A certified public accountant (inactive), Leonard previously was associated with KPMG Peat Marwick, LLP in Nashville. Leonard currently serves on Green Bankshares' audit and nominating/governance committees.
Bruce Campbell, chairman of Green Bankshares' nominating and governance committee, said, "With a long and distinguished career in public company accounting, financial transactions, business strategy and management, and corporate governance, Bill Mooningham brings strong credentials and deep experience to our board. We are pleased that he has agreed to join our board.
"Since joining our board four years ago, Bob Leonard also has distinguished himself in his service to Green Bankshares, demonstrating a strong understanding of the company's business operations and strategies, as well as the opportunities and challenges it faces," Campbell added.
"As lead director, we believe he will continue in his work to enhance the corporate governance responsibilities we have to our shareholders," Campbell said.
