Charles McCrary to Succeed Grayson Hall as Chair of Regions Financial Corporation’s Board of Directors
December 12 2018 - 8:45AM
Business Wire
Regions Financial Corp. (NYSE:RF) today announced that its Board
of Directors has appointed Charles D. McCrary, currently the Lead
Independent Director, to serve as the independent Chair of the
Board, effective January 1, 2019. He will succeed Executive
Chairman O. B. Grayson Hall, Jr., who is retiring from Regions and
from the Board on December 31, 2018. Mr. McCrary will also serve as
the Chair of the Board of Directors of Regions Bank.
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Charles D. McCrary (Photo: Business
Wire)
“During his 38-year career with the company, Grayson has
maintained a steady focus on meeting customer needs, and through
his leadership, Regions has become a stronger and better bank
positioned for long-term success,” said John Turner, President and
CEO. “We appreciate his significant contributions and wish him
continued success as he retires.”
Turner continued, “Charles is a thoughtful and dedicated leader.
In his capacity as Lead Independent Director, he has provided
valuable guidance that has allowed Regions to deliver sustainable,
long-term growth. I look forward to continuing to work with Charles
as we execute on Regions’ strategic plan and elevate our
performance as a company.”
“I join John in congratulating Charles on his appointment,” said
Hall. “I have had the privilege of working closely with Charles for
many years, and our company has benefited from his personal
integrity and commitment to excellence. I am excited about the
future of Regions, and Charles is an outstanding choice to lead the
board.”
“Regions plays an important role in meeting the financial needs
of our customers and communities. We believe that maintaining
strong corporate governance is crucial to achieving our company’s
mission and making life better for all of our stakeholders,” said
McCrary. “I am humbled by the opportunity to continue to serve with
such an outstanding group of board members and management.”
Charles D. McCrary biography:
From 2001 through February 2014, Mr. McCrary served as the
President and CEO of Alabama Power Company, a public utility
company. He also served as Chairman of Alabama Power Company until
May 2014. Mr. McCrary’s career spanned over 40 years, where he held
various positions of increased responsibility within Alabama Power
and its parent company, Southern Company. Mr. McCrary served on the
board of directors of AmSouth Bancorporation, a predecessor to
Regions, from 2001 to 2006. Since May 2013, Mr. McCrary has served
as Lead Independent Director of the Board. Mr. McCrary previously
served as Chair of the Nominating and Corporate Governance
Committee and on the Audit Committee. Mr. McCrary holds an
engineering degree from Auburn University and a law degree from
Birmingham School of Law.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $125 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, and mortgage 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 2,000 ATMs. Additional information about
Regions and its full line of products and services can be found at
www.regions.com.
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Evelyn Mitchell205-264-4551www.regionsbanknews.comRegions News
on Twitter: @RegionsNews
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