Dick Evans will retire as Cullen/Frost Bankers' chairman and chief executive in March, and the San Antonio company has chosen its president, Philip Green, to succeed him.
Evans, 69, has worked at the $28 billion-asset company since 1971 and he has been CEO since 1997. Evans, who was named American Banker's Community Banker of the Year in 2011, is known for his candor about the banking industry and his disdain for regulation.
"This is the right time for Cullen/Frost to move forward," Evans said in a news release.
Cullen/Frost will promote Green from president to chairman and CEO on March 31. Evans will remain a strategic counsel to Green for at least five years after his retirement and be available for customer-relationship development.
Green joined Cullen/Frost in 1980 and was chief financial officer from 1995 until this January, when he succeeded Evans as president; Jerry Salinas was named chief financial officer at that time.
Cullen/Frost said Paul Bracher, chief banking officer, will add the title of president when Green becomes CEO.
Additionally, Cullen/Frost said Emily Skillman will retire in March as group executive vice president of human resources after 27 years with the company. Cullen/Frost will promote Annette Alonzo to succeed Skillman.
Cullen/Frost also has promoted Gary McKnight to group executive vice president for technology and operations; and it promoted Candace Wolfshohl to group executive vice president for culture and people development.