Former Cumberland Bank exec to lead Habitat for Humanity

Tuesday, July 27, 2010 at 9:28pm
Staff reports

When Chris McCarthy retires as CEO of the Nashville Habitat for Humanity, she will pass the baton to seasoned banking executive and real estate developer Danny Herron.

After a four-month search process, a panel of board members and community leaders plucked Herron from a pool of 150 applicants.

Herron will be sworn in as president Aug. 2, and he will work with McCarthy and other high-level Habitat executives to build on the success McCarthy has brought to the ecumenical ministry over the past 8½ years.

McCarthy will stay on as CEO through the end of the year, and Herron will assume the role of CEO in January 2011.

“We are so fortunate to have found a leader with expertise in both finance and real estate, which are important assets for running a nonprofit that functions as a real estate developer as well as a mortgage lender,” said Matthew Wilson, board chair. “Danny has leadership and development skills that I believe will take Nashville Area Habitat to the next level.”

Herron earned a bachelor’s degree in civil engineering from University of Alabama. After six years working as a civil engineer for Duke Power Company in Charlotte, N.C., Herron moved to Nashville in 1987 to become vice president of real estate development company Republic Properties.

In 1993, he was named president and CEO of the former First Southern Saving and Loan. Under his leadership, First Southern was converted to a commercial bank in 1997, was renamed Cumberland Bank in 2004, and became a publicly traded company in 2007. Cumberland Bank was acquired in 2007 by GreenBank, where Herron became regional president.

In 2009, Herron returned to real estate by joining Enterprise Construction as president. Enterprise has developed more than 1,000 residential lots and more than 100,000 square feet of commercial real estate in Williamson County.

1 Comment on this post:

By: pnance on 7/28/10 at 5:00

Danny Herron is a class act who will do well wherever he chooses to use his talents. I am thrilled Habitat has landed a leader with his heart for service and his business acumen. This looks like a win-win.