John Turner, the president of Regions Financial in Birmingham, Ala., will succeed Grayson Hall as CEO on July 2, the company said Wednesday.
Hall, also Regions' chairman, has been CEO of the $123 billion-asset company since April 2010. He will remain with Regions as executive chairman through the end of this year.
Turner, 56, joined Regions in 2011 as regional president of the bank’s South region, leading banking operations in Alabama, Mississippi, south Louisiana and the Florida Panhandle. He was named head of its corporate bank in 2014 and president in December 2017.
“With John’s broad range of experience and exceptional leadership skills, Regions will be well-positioned to continue growing prudently and sustainably while also maintaining our focus on meeting the needs of our customers, providing exemplary service, and serving our communities,” Hall, 60, said in a press release.
Before he joined Regions, Turner worked at Whitney National Bank and its parent, Whitney Holding, in New Orleans. He joined that bank in 1994 and was named president in 2008. Whitney merged with Hancock Holding in Gulfport, Miss., in 2011.
“I am honored to succeed Grayson as CEO,” Turner said. “I admire his integrity, business judgment, and his commitment to provide what he calls ‘decent returns in a decent way.’ That leadership is rooted in his humility and in a deep passion for our customers, associates, and communities.”
Hall joined AmSouth Bancorp., a predecessor to Regions, in 1980 as part of its management trainee program and held various roles in operations, technology, consumer banking, commercial banking and wealth management. He was named president and chief operating officer in 2009. He became CEO in 2010 and added chairman to his title in 2013.