BIRMINGHAM, Ala. - Regions Financial Corp. (NYSE:RF) announced today that Bill Rhodes, former President and CEO of AutoZone (NYSE:AZO), will join the boards of both Regions Financial Corp. and its subsidiary, Regions Bank, starting March 1, 2024. Rhodes brings a wealth of experience from his successful 18-year leadership at AutoZone, where he remains as Executive Chairman.
Rhodes's career at AutoZone spanned nearly three decades, during which he oversaw significant company growth, including a tripling of revenues and a doubling of store count. His tenure at AutoZone was marked by strategic leadership and a focus on customer service, which aligns with Regions' commitment to stakeholder value and corporate governance.
Charles McCrary, Chair of the Regions Financial Corp. and Regions Bank Boards, highlighted Rhodes’s strategic leadership and consistent creation of positive customer experiences as qualities that make him an ideal fit for the company culture.
Rhodes, a graduate of the University of Tennessee at Martin and the University of Memphis, is deeply rooted in the Memphis community, contributing to various industry and nonprofit boards. Upon joining the Regions Boards, he will serve on the Audit Committee and the Compensation and Human Resources Committee.
The appointment of Rhodes expands the Regions Boards to 15 members and is part of the company's ongoing efforts to maintain strong governance principles and a diverse and experienced board.
Regions Financial Corporation (NYSE:RF), with $152 billion in assets, operates across the South, Midwest, and Texas, offering a wide range of banking, wealth management, and mortgage services.
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