Craig M. Dwight retired as chairman of Horizon Bank, Michigan City, and its holding company at the end of his term on May 1. The move marked the culmination of his phased retirement after stepping down as CEO at the end of May 2023. Concurrently with Dwight’s retirement, the board was reorganized.
Eric Blackhurst, who has served as a director for seven years, was elected independent chairperson effective upon Dwight’s retirement. Blackhurst currently serves as interim president of Alma College after retiring from a 35-year career as associate general counsel for corporate transactions and Latin America at The Dow Chemical Company. With this transition in the bank’s board, the role of independent lead director held by Michele Magnuson was retired. Magnuson remained on the board as a director, serving on the compensation and governance committees. The bank also welcomed Larry Magnesen to its board effective Feb. 25. He brings marketing and corporate communications expertise from more than 20 years at a large regional bank.
