Regions Financial Corp. Names John Turner CEO Effective July 2, 2018; Grayson Hall to Serve as Executive Chairman
April 25 2018 - 4:44PM
Business Wire
Regions Financial Corporation (NYSE:RF) announced today that
John M. Turner Jr., who currently serves as President, will become
Chief Executive Officer of Regions Bank and Regions Financial
Corporation, its bank holding company, and a member of its Boards
of Directors effective July 2, 2018.
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John Turner, Regions Financial
Corporation (Photo: Business Wire)
Turner, 56, will succeed Chairman and Chief Executive Officer
Grayson Hall, 60, who will serve as Executive Chairman through the
end of 2018. Hall’s career at the company and a predecessor spans
38 years, including serving as Chief Executive Officer since 2010
and as Chairman since 2013. Turner joined Regions in 2011.
“With John’s broad range of experience and exceptional
leadership skills, Regions will be well-positioned to continue
growing prudently and sustainably while also maintaining our focus
on meeting the needs of our customers, providing exemplary service,
and serving our communities,” Hall said.
Lead Independent Director Charles McCrary said, “Grayson led the
company out of a very difficult time for the financial services
industry by doing what’s right for our customers and providing the
services and advice they needed to succeed financially. That
visionary leadership helped create the foundation for the company’s
success today.”
“I am honored to succeed Grayson as CEO,” Turner said. “I admire
his integrity, business judgment, and his commitment to provide
what he calls ‘decent returns in a decent way.’ That leadership is
rooted in his humility and in a deep passion for our customers,
associates, and communities. The strength of his character is
reflected in the culture of our company. I am excited about the
opportunity to continue to work closely with Grayson and the
Regions team as we build on our momentum to generate sustainable
growth and deliver benefits for all of our stakeholders.”
Biographical information
Grayson Hall
Grayson Hall joined AmSouth Bank, a predecessor to Regions, in
1980 as a participant in the management trainee program. He served
in roles of increasing responsibility in Operations, Technology,
Consumer Banking, Commercial Banking and Wealth Management. Hall
was elected vice chairman and a member of the boards of directors
of Regions Financial Corporation and Regions Bank in 2008 and was
named president and chief operating officer in October 2009. He was
named president and chief executive officer in April 2010 and
assumed the role of chairman, president and chief executive officer
in May 2013. In December 2017, he became chairman and chief
executive officer.
He graduated from the University of the South, Sewanee,
Tennessee, in 1979 with a bachelor’s degree in economics. In 1980,
he received a master’s degree in business administration from the
University of Alabama, Tuscaloosa, Alabama. He attended Stonier
Graduate School of Banking and executive development programs at
Harvard Business School.
Hall serves on the public company boards of Alabama Power and
Vulcan Materials. In addition, he serves on the boards of the
Federal Reserve Bank of Atlanta and the Birmingham Business
Alliance and is a director on the boards of the Newcomen Society of
Alabama and the Economic Development Partnership of Alabama. He was
named as a Trustee of the Crimson Tide Foundation and served as a
representative on the Federal Advisory Council of the Federal
Reserve Board of Governors 2014 – 2016.
John Turner
John Turner joined Regions in 2011 as the regional president of
the South Region and led banking operations in Alabama,
Mississippi, South Louisiana, and the Florida Panhandle. He was
named head of Regions’ Corporate Bank in 2014 and President in
2017.
Before joining Regions, Turner was named president of Whitney
National Bank and Whitney Holding Corporation in 2008 and was
elected to that bank and holding company boards of directors.
Previously he was responsible for all geographic line banking
functions across the bank, and was the company’s Eastern Region
President. Turner joined Whitney in 1994 as its Alabama regional
president after nine years at AmSouth Bank, where he held senior
consumer, commercial and business positions.
Turner holds a bachelor’s degree in economics from the
University of Georgia. He serves on the Public Affairs Research
Council of Alabama, Business Council of Alabama, A Plus Education
Foundation, and Infirmary Health System boards. He is a former
chairman of the Mobile Area Chamber of Commerce, former chairman of
the Mobile Area Education Foundation, a former chairman of the
United Way of Southwest Alabama, and a graduate of Leadership
Alabama. He is a former board member of Leadership Mobile.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $123 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 CorporationMedia Contact:Evelyn
Mitchell, 205-264-4551regions.doingmoretoday.comRegions News on
Twitter: @RegionsNewsorInvestor Relations Contact:Dana
Nolan, 205-264-7040
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