Regions Financial Corp. Director David J. Cooper Sr. to Retire
February 08 2018 - 4:45PM
Business Wire
Regions Financial Corporation (NYSE:RF) today announced that
David J. Cooper Sr. will retire from the company’s board of
directors effective April 25, 2018, having reached the board’s
mandatory retirement age of 72.
Cooper has served as a director since 2005. He currently serves
on the Nominating and Corporate Governance Committee and the
Compensation Committee. Cooper is the vice chairman of Cooper/T.
Smith Corporation, a privately held corporation that is one of the
largest stevedoring and maritime-related firms in the United
States.
“David has served with distinction over the past 13 years as a
member of our board of directors, and during that time, he has
consistently proven to be a principled, strategic, and resolute
leader,” said Regions Chairman and CEO Grayson Hall. “I greatly
appreciate his guidance and commitment to the success of the
company during a historic time of change within the financial
services industry.”
Regions’ directors are elected at the annual meeting of
stockholders each year. The board of directors currently has 14
members. Under Regions’ Corporate Governance Principles, each
director should retire immediately prior to the call to order of
the next annual stockholders’ meeting of the Company following his
or her 72nd birthday. The board has determined that effective at
the annual meeting of stockholders, the board will consist of 13
members to be elected for a term of one year expiring at the 2019
annual meeting.
About Regions Financial CorporationRegions Financial
Corporation (NYSE:RF), with $124 billion in assets, is a member of
the S&P 500 Index and is one of the nation’s largest
full-service providers of consumer and commercial banking, wealth
management, mortgage, and insurance products and services. Regions
serves customers across the South, Midwest and Texas, and through
its subsidiary, Regions Bank, operates approximately 1,500 banking
offices and 1,900 ATMs. Additional information about Regions and
its full line of products and services can be found at
www.regions.com.
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Regions Financial CorporationEvelyn Mitchell,
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