Regions Financial Corporation (NYSE:RF) today announced that George W.
Bryan will retire from the company’s Board of Directors effective April
21, 2016, having reached the board’s mandatory retirement age of 72.
Bryan has served as a director since 1986. He currently chairs the Risk
Committee and has also served as a member of both the Audit Committee
and the Compensation Committee. Bryan has been the Chief Executive
Officer of Old Waverly Properties, LLC since 2001 and previously served
as Senior Vice President of the Sara Lee Corporation from 1983 through
2000.
“I want to extend my sincere appreciation to George for his 30 years of
diligent service as a member of our Board of Directors,” said Regions
Chairman, President and CEO Grayson Hall. “Throughout his tenure, George
has shared his valuable time and insight, which proved crucial to the
growth of Regions during a period of significant change in the financial
services industry.”
Regions’ directors are elected at the annual meeting of stockholders
each year. The Board of Directors currently has 12 members. Under
Regions’ Corporate Governance Principles, each director is required to
retire on the eve of the next annual stockholders’ meeting of the
Company following his or her 72nd birthday. The board has determined
that following the annual meeting of stockholders, the board will
consist of 11 members, to be elected for a term of one year expiring at
the 2017 annual meeting.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $126 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 1,630 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160212005068/en/
Copyright Business Wire 2016