Regions Financial Corp. (NYSE:RF) today announced Timothy Vines and John
Turner have been appointed to the boards of Regions Financial
Corporation and its subsidiary, Regions Bank, effective July 2. Vines
will serve on the Compensation and Human Resources Committee and the
Audit Committee of the board.
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Timothy Vines (Photo: Business Wire)
Vines is President and Chief Executive Officer of Blue Cross and Blue
Shield of Alabama (BCBSAL), a non-profit, independent licensee of the
Blue Cross and Blue Shield Association and the largest provider of
healthcare benefits in Alabama. He has worked at the insurer for more
than 24 years and previously served as the company’s chief operating
officer and chief administrative officer.
Turner is President of Regions Bank and Regions Financial Corporation.
In April 2018, Regions announced he would become Chief Executive
Officer, effective July 2, 2018, when Chairman and Chief Executive
Officer Grayson Hall steps down and becomes Executive Chairman.
“Tim is a respected business leader with many years of financial and
operations experience in the insurance industry and I am pleased that he
has agreed to join the Regions Board of Directors,” said Charles
McCrary, Lead Director of the Regions Board.
“I am also pleased to welcome John Turner to the board as he assumes the
role of Regions’ Chief Executive Officer,” continued McCrary. “These
appointments support our efforts to build sustainable franchise value to
benefit Regions’ customers, associates, communities and shareholders.”
Vines is currently Chairman of the Board of Trustees of
Samford University and has served on the board since 2011. He also
serves on the board of directors for the American Red Cross Alabama
Region, the Better Business Bureau serving South and Central Alabama,
and the Birmingham Business Alliance. Vines has served as a director of
Prime Therapeutics LLC, a pharmacy benefit management company owned
jointly by several Blue Cross Blue Shield plans, including BCBSAL, since
August 2016. He holds a degree in finance from Auburn University.
In 2011, Turner joined Regions as Regional President of the South Region
and was named head of Regions’ Corporate Banking Group in 2014. Before
joining Regions, he was named president of Whitney National Bank and
Whitney Holding Corporation in 2008 and elected to that bank and holding
company boards of directors. He joined Whitney in 1994 after nine years
at AmSouth Bank.
Regions is committed to serving the long-term interests of shareholders
by maintaining strong governance principles and cultivating an
experienced and engaged Board of Directors. The board has adopted
comprehensive Corporate Governance Principles to guide its oversight and
independent governance. These principles affirm that the board will seek
members from diverse professional backgrounds, who combine experience
and expertise with a reputation of integrity, to ensure it meets the
needs of the company.
With the addition of Vines and Turner, Regions’ 15-member Board consists
of 13 independent outside directors.
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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