Centura Banks Inc. said its chairman and chief executive, Robert R. Mauldin, will retire Feb. 1, 1997. He will be 62 years old.

He will be succeeded by Cecil W. Sewell Jr., 49, now president and chief operating officer.

"I've held the No. 1 or No. 2 position at Centura or a predecessor for 26 years," Mr. Mauldin said in a statement. "One could not wish for a more enjoyable job or to be associated with more wonderful people. It has been all-consuming, however, and there are business and personal interests that I will now have an opportunity to pursue."

According to a bank spokesman, Mr. Sewell will retain his current titles when he becomes chairman and CEO.

Mr. Mauldin will remain on Centura Banks' board and will continue as chairman of the executive committee.

Centura Banks has $5.5 billion in assets.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.