SunTrust Shareholders Elect Paul Donahue to Board of Directors

Date : 04/23/2019 @ 9:10PM
Source : PR Newswire (US)
Stock : SunTrust Banks Inc (STI)
Quote : 65.81  0.0 (0.00%) @ 1:00AM

SunTrust Shareholders Elect Paul Donahue to Board of Directors

SunTrust Banks (NYSE:STI)
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ATLANTA, April 23, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) Chairman and Chief Executive Officer William H. Rogers, Jr. today announced that Paul Donahue has been newly elected to the SunTrust Board of Directors. He will join nine directors who were re-elected by shareholders for the coming year, and will continue with the Board in the new combined company following the proposed merger with BB&T Corporation.

Paul Donahue has been newly elected to the SunTrust Board of Directors. He will join nine directors who were re-elected by shareholders for the coming year, and will continue with the Board in the new combined company following the proposed merger with BB&T Corporation. Donahue is currently the chairman of the board and chief executive officer of Genuine Parts Company.

"Paul Donahue is an insightful and purpose-driven leader with extensive consumer and commercial experience with well-respected organizations," said Rogers.  "He will offer a valuable perspective for our company and we look forward to his many future contributions to our team."

Donahue is currently the chairman of the board and chief executive officer of Genuine Parts Company.

Donahue joined S.P. Richards Company, the office products group of Genuine Parts, as executive vice president sales and marketing in 2003. He was soon after appointed president and chief operating officer, a position he held until his election to executive vice president of Genuine Parts in 2007. From 2009 to 2015, he was president of the U.S. Automotive Parts Group of Genuine Parts.

About SunTrust Banks, Inc.
SunTrust Banks, Inc. is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Headquartered in Atlanta, the Company has two business segments: Consumer and Wholesale. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of March 31, 2019, SunTrust had total assets of $220 billion and total deposits of $162 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. Learn more at suntrust.com.

 

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SOURCE SunTrust Banks, Inc.

Copyright 2019 PR Newswire

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