Regions Financial Corporation announced Chief Financial Officer David Turner will retire March 31, 2026, following a nearly 40-year career in auditing and finance, including 20 years of service at the bank. Turner was elevated to CFO at Regions in 2010 and is credited with helping successfully lead the company through what was a tumultuous time for the banking industry. His focus on effective capital allocation and his commitment to prudent risk management were key in strengthening the bank?s position and setting the stage for the peer-leading financial performance Regions is experiencing today. David Turner is also known for cultivating strong, engaged teams and mentoring the next generation of leaders. Regions Financial Corporation announced Anil D. Chadha, who currently serves on Turner?s Finance Department leadership team as Controller and head of Corporate Finance, will succeed Turner as Chief Financial Officer. Chadha has been with Regions since 2011 and has held various roles, including assistant treasurer and head of Shared Risk Services & Analytics. As Chief Financial Officer, Chadha will oversee all finance operations, including financial systems, investor relations, corporate treasury, corporate tax, management planning and reporting, accounting and corporate development. Most recently, Chadha has served as Controller and head of Corporate Finance and as a member of the company?s Executive Leadership Team. In that role, Chadha has managed financial reporting, accounting policy, accounting operations and all financial planning activities. Previously, he was assistant treasurer, where he managed capital, funding and liquidity. Chadha also led the Shared Risk Services & Analytics team in Regions Risk Management, which included managing credit data reporting and analytics and overseeing the allowance for credit losses and commercial real estate appraisals and evaluations. Before joining Regions, Chadha worked in Finance and Treasury at Ally Financial, Wachovia/Wells Fargo and Capital One. He earned a bachelor?s in Business Administration from the University of Alabama-Birmingham and a master?s in Business from the Babcock Graduate School of Management at Wake Forest University. Chadha is active in the community, serving on the Finance Advisory Board of the University of Alabama at
Birmingham Collat School of Business and the UAB Athletics Foundation Board. He is also on the executive committee of the board of REV Birmingham, a nonprofit focused on economic development and revitalization, and the Mike Slive Foundation board. Chadha is a former Birmingham Business Journal Top 40 Under 40" honoree and part of the 2021 Birmingham cohort of the Young American Leaders Program at the Harvard Business School. Turner and Chadha will continue working closely together through March, ensuring a smooth transition and seamless handoff.