Tanny Crane
HUNTINGTON BANCSHARES INC /MD/About Ann B. (Tanny) Crane
Ann B. (Tanny) Crane, age 68, has served on Huntington Bancshares’ Board since 2010 and is President & CEO of Crane Group Company, with earlier roles at Crane Plastics and Quaker Oats. She is an Audit Committee Financial Expert, chairs the Community Development Committee, and serves on the Executive Committee; she is considered independent under Nasdaq rules. Her education includes a bachelor’s in marketing/finance from The Ohio State University and a master of management from Northwestern’s Kellogg School of Management .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Crane Group Company | President & CEO | 2003–present | Leads diversified portfolio company; financial services insight and community leadership |
| Crane Plastics Company | Director HR; VP Sales & Marketing; President | Joined 1987; VP 1993; President 1996 | Led HR, sales/marketing; operational leadership |
| Quaker Oats | Product Manager | 1982–1987 | Managed multiple product lines |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Federal Reserve Bank of Cleveland | Director; Chair of the Board | Director 5 years; Chair 2 years (appointed 2003) | Board leadership of a regional Fed |
| Wendy’s International | Director | 2003–2007 | Public company board experience |
| State Savings Bank | Director | 1993–1998 | Banking oversight |
| Philanthropy (Central Ohio) | Recognized for philanthropy | — | Community impact |
Board Governance
- Committee assignments: Audit Committee (Audit Committee Financial Expert), Community Development Committee (Chair), Executive Committee .
- Independence: Determined independent under Nasdaq rules; only the CEO and bank chairman are non-independent .
- Engagement and attendance: Board/committee meetings in 2024 totaled 67; average participation 97.9%; no director attended <75% .
- Executive sessions: Independent directors hold executive sessions at all regular quarterly Board meetings .
- Board leadership: Combined Chairman/CEO with strong Lead Independent Director; robust committee independence .
| Committee | Role | Meetings in 2024 |
|---|---|---|
| Audit Committee | Member (Financial Expert) | 13 |
| Community Development Committee | Chair | 4 |
| Executive Committee | Member | 1 |
Shareholder Support (2024 Election)
| Item | Votes |
|---|---|
| For | 1,069,348,439 |
| Against | 29,813,219 |
| Abstentions | 1,955,122 |
Fixed Compensation
Program structure for non-employee directors (2024):
| Component | Detail |
|---|---|
| Annual cash retainer | $100,000 |
| Annual equity retainer | $137,500 in deferred stock units (DSUs), vested upon grant, released later (≥6 months post-separation or ≥1 year from grant) |
| Additional retainers | Committee chair/member retainers; event fees as requested |
| Meeting fees | $2,000 per meeting only if thresholds exceeded (Audit/Risk >20; other committees >8; Board >15 per year) |
| Deferral program | Director Deferred Compensation Plan for cash/equity; market-rate investment options incl. HBAN stock |
Tanny Crane – Director compensation (2024):
| Metric | Amount ($) |
|---|---|
| Fees Earned or Paid in Cash | 154,500 |
| Stock Awards (grant date fair value) | 137,496 |
| Options/Non-Equity/Other | — |
| Total | 291,996 |
Performance Compensation
| Performance-linked element | Detail |
|---|---|
| None disclosed for directors | Director pay is retainer-based cash and DSUs; no bonus/options or performance-tied metrics; DSUs vested upon grant; dividend equivalents credited as additional DSUs until delivery . |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company directorships | None listed for Crane in HBAN 2025 slate . |
| Prior public company boards | Wendy’s International (2003–2007) . |
| Civic/Regulatory boards | Federal Reserve Bank of Cleveland (Director/Chair); State Savings Bank (Director) . |
| Interlocks/related party exposure | No Crane-specific related party transactions disclosed; policy requires NESG review; ordinary-course banking relationships deemed immaterial . |
Expertise & Qualifications
- Financial reporting/audit; Audit Committee Financial Expert .
- Client/consumer marketing and branding .
- Compensation & human capital management .
- Corporate responsibility/community development leadership .
- Financial services and government/regulatory experience .
- Strategic planning/M&A .
Equity Ownership
| Item | Detail |
|---|---|
| Deferred Stock Unit awards outstanding (12/31/2024) | 166,935 units |
| Shares held in Director Deferred Compensation Plans (as of 2/18/2025) | 87,471 shares |
| Director deferred comp account balance (12/31/2024) | $1,373,902 |
| Ownership guideline | 40,603 shares (5× annual retainer at adoption); directors have 5 years to comply |
| Compliance status | Each director serving ≥5 years meets guidelines (Crane qualifies) |
| Hedging/pledging | Prohibited for directors and executives |
| Settlement of DSUs | Vested upon grant; settled ≥6 months post-separation or ≥1 year from grant; with credited dividend equivalents |
Governance Assessment
- Board effectiveness: Crane’s blend of audit expertise and community development leadership aligns with HBAN’s moderate-to-low risk appetite and stakeholder commitments; strong attendance metrics and independent status support investor confidence .
- Alignment: Equity retainer via DSUs and long-tenured service ensure skin-in-the-game; guideline compliance and hedging/pledging prohibition tighten alignment with shareholders .
- Compensation signal: Retainer-based structure with no options/bonus reduces pay-risk; DSU grants are standardized; her 2024 total compensation of ~$292K sits within program norms .
- Conflicts/related party: No Crane-specific related party transactions disclosed; NESG Committee oversees any >$120K related party transactions; routine banking relationships deemed immaterial .
- Shareholder support: Strong 2024 vote support for Crane (over 1.06B “For” votes) indicates high investor confidence in her governance contribution .