Regions Financial names Chadha CFO as Turner retires in March

Regions Financial Corp. (NYSE: RF) announced Monday that Chief Financial Officer David Turner will retire March 31 after nearly 40 years in auditing and finance, including 20 years at the bank. Anil Chadha, currently the company's Controller and head of Corporate Finance, will succeed Turner as CFO.

Turner joined Regions in 2006 and was promoted to CFO in 2010. During his tenure, the company reported net income of more than $1.7 billion in 2024. The bank's stock price increased approximately 320% since 2010, according to the company.

Chadha has worked at Regions since 2011 and serves on the company's Executive Leadership Team. In his current role, he manages financial reporting, accounting policy, accounting operations and financial planning activities. He previously served as assistant treasurer, managing capital, funding and liquidity.

Before joining Regions, Chadha worked in finance and treasury roles at Ally Financial, Wachovia/Wells Fargo and Capital One. He holds a bachelor's degree in Business Administration from the University of Alabama-Birmingham and a master's in Business from Wake Forest University's Babcock Graduate School of Management.

As CFO, Chadha will oversee finance operations including financial systems, investor relations, corporate treasury, corporate tax, management planning and reporting, accounting and corporate development.

"David has been a steady and trusted leader through some of the most pivotal moments in our company's history," said John Turner, Chairman, President and CEO of Regions Financial Corp.

Birmingham, Alabama-based Regions Financial operates as a bank holding company with $160 billion in assets. The company operates approximately 1,250 banking offices and more than 1,850 ATMs across the South, Midwest and Texas through its subsidiary Regions Bank.

Turner and Chadha will work together through March to ensure a transition, according to the press release.

You May Also Be Interested In

• CoStar Group acquires Zonda for $800M, adding new home data
• LivePerson extends special meeting deadline for SoundHound AI merger vote
• S&P 500 may pull back before midterms, but Citi says buy the dip