BIRMINGHAM, Ala.--(BUSINESS WIRE)--
Regions Financial Corp. (NYSE:RF) today announced that José S. Suquet
has been appointed to the company's Board of Directors, effective
immediately. Mr. Suquet will serve on the Risk Committee and the
Compensation Committee of the Regions Board of Directors.
Mr. Suquet is Chairman, President and CEO of Pan-American Life Insurance
Group, a leading provider of insurance and financial services throughout
the Americas. The Group's flagship member is New Orleans-based
Pan-American Life Insurance Company.
"I'm pleased to welcome a leader of José's caliber to the Regions Board
of Directors," said Grayson Hall, Chairman, President and CEO of Regions
Financial. "With more than 35 years of experience in the insurance and
financial services industry, he brings a strong background in enterprise
risk management and a commitment to innovation and operational
excellence that will benefit customers, communities and shareholders."
Prior to joining Pan-American Life Insurance Group, Mr. Suquet held
senior management posts in the insurance industry for more than three
decades, including serving as Senior Executive Vice President and Chief
Distribution Officer of AXA Financial. Mr. Suquet is a member of The
American Council of Life Insurers' Board of Directors and serves on the
board of the Ochsner Health System. Previously he was a member of the
Board of Directors of the Federal Reserve Bank of Atlanta where he
served as Chairman of the Retail Payments Office Oversight Committee. He
also previously served on the Board of Directors for the Federal Reserve
Bank of Atlanta, New Orleans Branch. Mr. Suquet was born in Cuba and
graduated from Fordham University (New York) with a Bachelor of Science
and holds an M.B.A. from the University of Miami.
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 with diverse skills and
attributes. The Board has adopted comprehensive Corporate Governance
Principles to guide its oversight and independent governance. The
Corporate Governance Principles affirm that the Board will seek members
from diverse professional backgrounds, who combine a broad spectrum of
experience and expertise with a reputation for integrity, to ensure that
the Board maintains an appropriate mix of skills and characteristics to
meet the needs of the Company.
With the addition of Mr. Suquet, Regions' 14-member board consists of 13
independent outside directors.
About Regions Financial Corporation
Regions Financial
Corporation (NYSE:RF), with $125 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 1,600 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.
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Regions Bank
Evelyn Mitchell, 205-264-4551
www.regionsbanknews.com
Regions
News on Twitter: @RegionsNews
Source: Regions Financial Corporation
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