[ad_1]
The longtime AutoZone executive will join the regional board effective March 1, 2024.
Birmingham, Alabama, February 14, 2024–(BUSINESS WIRE)–Regions Financial Corporation (NYSE:RF) announced Wednesday that Bill Rose, former president and CEO of AutoZone, will be joining Regions Financial Corporation. Announced that he has been appointed to the Board of Directors of Financial Corporation and its subsidiary Regions Bank. Mr. Rose’s term on the Regional Board begins March 1, 2024.
Mr. Rose, an experienced business executive, successfully concluded his 18-year term as President and CEO of AutoZone in January and continues to serve as Executive Chairman. Rhodes has been with his AutoZone for a total of 29 years. During Mr. Rose’s tenure as president and CEO, AutoZone nearly doubled the number of auto parts stores, increased the number of employees to approximately 120,000, and increased revenue more than three times as much as under his tenure. We have consistently strengthened our online presence and services.
Prior to being named CEO of AutoZone, Mr. Rhodes held various executive roles at the Memphis-based company, including director of store operations and oversight of supply chain, information technology and finance departments. Mr. Rose began his career with his Ernst & Young.
“Throughout his career, Bill has provided strategic leadership, delivered strong business growth, and delivered positive customer experiences,” said Charles McCrary, Chairman of the Board of Directors of Regions Financial Corporation and Regions Bank. “We have never lost sight of the importance of consistently producing results.” “As such, Bill is an ideal fit for Region’s culture. We are committed to sound corporate governance that respects the needs of all our stakeholders. Our teams work every day to drive health, profitability, and growth. Bill’s experience and insight will help drive the region’s growth and deliver even greater value to the people and places we serve. We know that. ”
Rose is a graduate of the University of Tennessee at Martin with a Bachelor of Science degree in Business Administration and Accounting. He earned a master’s degree in business administration from the University of Memphis.
A resident of Memphis for more than 50 years, Mr. Rose is active in the community and serves on several industry and non-profit boards. He currently chairs the Auto Repair Equality Coalition and serves on the boards of the Retail Industry Leaders Association, Youth Programs, the National Civil Rights Museum, and the University of Tennessee Board of Trustees. J.R. Hyde III Family Foundation Board of Directors.
“Regions Bank has built impressive customer loyalty by staying true to our mission of making the lives of our customers, communities, employees and shareholders better,” said Rose. Ta. “The company operates in a strong position, serving fast-growing and highly attractive markets in the Southeast, Midwest and Texas. We have a tremendous opportunity to build on this foundation and look forward to working with the company to serve as a leader in delivering consistent and sustainable performance on behalf of everyone we serve. ”
With the addition of Rhodes, the regional board will now consist of 15 members. Upon joining the Regional Board, Mr. Rose will serve on the Audit Committee and the Compensation and Human Resources Committee.
Regions is committed to serving our shareholders by upholding strong governance principles and developing an experienced and engaged Board of Directors with diverse skills and attributes that support both Regions Financial Corporation and Regions Bank. We are committed to contributing to long-term benefits. Board members have adopted comprehensive corporate governance principles that guide their oversight and independent governance. Corporate Governance Principles require diverse professional backgrounds, combining broad experience and expertise with a reputation for integrity, to ensure boards maintain the right mix of skills and characteristics to meet the needs of the region and society. It has been confirmed that we seek members with . the people it serves;
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $152 billion in assets, is a member of the S&P 500 Index and one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. is. Regions serves customers throughout the South, Midwest and Texas and operates approximately 1,250 bank branches and more than 2,000 ATMs through its subsidiary, Regions Bank. Regions Bank is an Equal Housing Finance Corporation and Member FDIC. Additional information about Regions and all of its products and services can be found at www.regions.com.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240214184975/en/
contact address
jennifer elmore
regional bank
205-264-4551
Regional News Online: regions.doingmoretoday.com
[ad_2]
Source link
