– USA, AL – Regions Financial Corp. (NYSE: RF) today announced the appointment of Bill Rhodes to the boards of the corporation and its subsidiary, Regions Bank, effective March 1, 2024, to bring the Boards to 15 members.
Bill Rhodes will also join the Audit Committee and the Compensation and Human Resources Committee.
About Bill Rhodes
An experienced corporate executive, Bill Rhodes in January concluded a successful 18-year tenure as President and CEO of AutoZone, where he continues to serve as Executive Chairman. He has been with AutoZone for 29 years overall. Throughout his tenure as President and CEO, AutoZone roughly doubled its number of auto parts stores, grew its workforce to approximately 120,000 people, increased revenues by more than three times and consistently enhanced its online presence and services.
Before being named AutoZone’s CEO, Bill Rhodes served in a variety of executive roles for the Memphis-based company, including leading store operations as well as overseeing the supply chain, information technology, and finance departments. Bill Rhodes began his career with Ernst & Young.
Bill Rhodes is a graduate of the University of Tennessee at Martin with a Bachelor of Science in Business Administration and Accounting. He earned a Master of Business Administration from the University of Memphis.
Having lived in Memphis for over 50 years, BillRhodes is active in the community and serves on several industry and nonprofit boards. He is the current chair of the Coalition for Auto Repair Equality and serves on boards of the Retail Industry Leaders Association, Youth Programs, Inc., the National Civil Rights Museum, and the University of Tennessee Board of Trustees, and is a member of the J.R. Hyde III Family Foundation Board of Trustees.
“Regions Bank has built impressive customer loyalty by staying true to its mission to make life better for customers, communities, associates and shareholders,” Rhodes said. “The company is operating from a position of strength as it serves fast-growing, highly attractive markets across the Southeast, the Midwest and Texas. We have a tremendous opportunity to build on Regions’ solid foundation, and I look forward to collaborating with company leaders as we generate consistent, sustainable performance on behalf of everyone we serve.”
About Regions
Regions are 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 supporting both Regions Financial Corp. and Regions Bank. Board members have adopted comprehensive Corporate Governance Principles to guide their oversight and independent governance. The Corporate Governance Principles affirm the Boards will seek members from diverse professional backgrounds, who combine a broad spectrum of experience and expertise with a reputation for integrity, to ensure the Boards maintain an appropriate mix of skills and characteristics to meet the needs of Regions and the people it serves.
About Regions Financial Corporation
Regions Financial Corporation with $152 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, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and a Member of FDIC.
For more information: https://www.regions.com/
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