Brad Kimbrough will retire as controller and chief accounting officer of Regions Bank on Feb. 28, following a nearly 29-year career at the bank, including 14 as controller and chief accounting officer. Anil Chadha, a 20-year banking industry veteran who joined Regions in 2011 and currently serves as head of risk shared services and analytics, will succeed Kimbrough.
“Brad Kimbrough is a trusted leader and respected colleague with a keen attention to detail, and his team, his insights and his leadership have all served a key role in the continued success of our organization. Likewise, Anil Chadha has earned a reputation throughout our company and industry as a strategic professional who is committed to strong risk management and ensuring a solid and effective capital structure,” David Turner, CFO of Regions Bank, said. “Anil’s experience makes him uniquely qualified to build on our foundation of success that has been made stronger over time by Brad, and we are proud to welcome Anil into this crucial role.”
Kimbrough and Chadha will collaborate on a transition in the controller’s function during the coming months. Chadha will lead the bank’s broader controller group, which includes Karin Allen, who Regions Bank promoted to assistant controller and chief accounting officer. In addition, the bank named James Eastman of the controller group assistant controller and manager of business unit controller functions. Jon Harden will continue as accounting and treasury operations manager.
Kimbrough joined Regions Bank’s predecessor, AmSouth Bank, as part of its accounting group in 1993. He held roles of increasing responsibility and was named controller and chief accounting officer in 2007 after the merger of AmSouth Bank and Regions Bank. Before joining AmSouth Bank, Kimbrough served as an audit manager for PricewaterhouseCoopers from 1986 until 1993.
“Regions Bank has earned a reputation as a company that is committed to prudent decision-making, strategic execution and operating from a position of strength as we deliver essential financial services,” Kimbrough said. “This is made possible by our strong culture of teamwork and collaboration, not only in the controller group, but across the bank as well. It has been an honor to serve, and I look forward to working even more closely with Anil Chadha over the next few months. Anil exemplifies our company’s mission, vision and values, and I know his experience and the work of the entire controller group team will continue to be of tremendous benefit to Regions Bank, our customers and our communities.”
Chadha joined Regions Bank as debt and capital planning manager in 2011 before being elevated to serve as head of risk shared services and analytics in 2018. His role has included initiatives such as coordinating the bank’s stress-testing procedures. His leadership has also been instrumental in ensuring a solid capital structure for the bank. Before his time at Regions Bank, Chadha served in various capital management and finance roles at Ally Financial, Wells Fargo and Capital One.
Chadha serves on the board of directors of the UAB Athletics Foundation at the University of Alabama at Birmingham. In addition, he is a finance advisory board member for the Collat School of Business at UAB. Chadha also serves on the board of REV Birmingham, a nonprofit focused on economic development and revitalization. Chadha will join the board of the Mike Slive Foundation in January 2022. Earlier in 2021, Chadha served in the Young American Leaders Program as part of Harvard Business School’s U.S. Competitiveness Project.
“From individual consumers to small businesses to major employers, Regions’ customer base turns to our company for innovative financial solutions that help them reach their goals,” Chadha said. “The work of the controller group is crucial to accurately reflecting how the bank is effectively executing its strategic financial plan. Brad Kimbrough’s leadership has created tremendous value for the bank and its customers, and I am focused on working closely with the controller group team and leadership across the organization to further build on Regions’ legacy of service and support.”
