David Turner, chief financial officer of Regions Financial, will retire March 31 following a nearly 40-year career in auditing and finance, including 20 years of service at the bank. Regions Bank veteran Anil 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 (CFO).
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.
“David has been a steady and trusted leader through some of the most pivotal moments in our company’s history,” John Turner, chairman, president and CEO of Regions Financial, said. “His financial acumen, his integrity and his unwavering commitment to making sound, strategic decisions have left a lasting legacy. We are deeply grateful for his tremendous service and wish him all the best in this well-earned next chapter.”
- Turner is also known for cultivating strong, engaged teams and mentoring the next generation of leaders. Chadha, his successor as CFO, has worked closely with D. Turner since joining Regions in 2011.
“Regions is well positioned for continued success,” D. Turner said. “I’m proud of the hard work and dedication of our teams over the years to achieve strong financial performance while keeping customers at the forefront. I’ve enjoyed being part of the journey, and it’s been an honor to serve this company and its incredible associates. I’m thrilled to pass the baton to Anil, a strong and capable leader whose deep expertise in finance and risk management, combined with his strategic vision and passion for innovation, will serve Regions well in the years ahead.”
As CFO, 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 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 and 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.
“I am humbled and grateful for the opportunity to succeed David in this position and build on the strong foundation he has established,” Chadha said. “It’s been a privilege to work with and learn from David, from both a professional and a personal standpoint. He brings exceptional insights and sound judgment to every discussion, while consistently delivering thoughtful, people-focused solutions.”
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.
Turner and Chadha will continue working closely together through March, ensuring a smooth transition and seamless handoff.
“While we’ll certainly miss David’s leadership, not to mention his trademark sense of humor, I’m genuinely excited about working closely with Anil,” J. Turner said. “He brings a deep understanding of Regions’ strategic vision and is fully aligned with our near-term goals and long-term priorities. At the same time, Anil offers a fresh perspective that will help us continue evolving and strengthening our business. We are carrying forward the momentum and clarity David brought to our team. Regions is well positioned as an industry leader, and we remain focused on executing our strategy and delivering strong value to our customers, our communities, our associates and our shareholders.”
