CHATTANOOGA, Tenn. — Magnolia Trust Company, a leader in independent trust administration serving high-net-worth clients across the Southeast, recently named Todd McMullen, CPA, as president and chief executive officer. McMullen has served as a Magnolia board member since the company was founded in 2019 and brings an extensive track record of leadership to the organization.

McMullen has more than 30 years of experience working in financial advisory and specializes in leading succession and strategic planning initiatives for clients. His experience advising business owners of family-owned, privately-owned, and private equity-owned companies on successful business strategies and solutions will further enhance Magnolia’s best-in-class fiduciary and trust services.

McMullen also serves as partner and vice chair of Moore Colson CPAs and Advisors, Magnolia’s sister company. Headquartered in Atlanta, Moore Colson was founded in 1981 and is an award-winning accounting, consulting, and advisory firm. McMullen joined Coopers & Lybrand (PricewaterhouseCoopers) in 1985 and served as a Business Assurance Manager until joining Moore Colson in 1993. He holds a Bachelor of Business Administration, with a concentration in Accountancy, from the University of Notre Dame. McMullen is licensed as a Certified Public Accountant in Georgia and is a member of the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants.

“I am honored to be joining such an outstanding team at Magnolia,” said McMullen. “I look forward to building on the great foundation we have established over the past few years and working alongside this incredible team to continue delivering the highest level of service to our clients.”

About Magnolia Trust Company

Magnolia Trust Company provides superior individualized and independent trust administration services for high-net-worth individuals and families, including privately held business owners, foundations, family offices, and charitable organizations. The company works alongside the client’s team of advisors to develop and execute tax and dynastic trust planning strategies and goals, while integrating business and personal cash flow needs. The client remains at the center, surrounded by personally selected advisors who help bring the client’s aspirations to life and preserve the client’s legacy for future generations. Learn more at MagnoliaTrust.com.