The board of directors of Texas Capital Bancshares, the parent company of Texas Capital, unanimously elected Rob C. Holmes, Texas Capital’s president and CEO and existing board director, to also serve as chairman of the board immediately following the 2025 annual meeting of stockholders.
“The decision to entrust chairman of the board responsibilities to Rob is a validation of the success of the multi-year transformation he has led for Texas Capital,” Bob Stallings, Texas Capital’s outgoing chairman of the board, who will assume the role of lead independent director, said. “Rob and his team continue to deliver on every aspect of the strategic plan he communicated in 2021, and I am proud to say that Texas Capital is well-positioned for strong future growth.”
“I am honored by the trust the board of directors has placed not just in me, but in the incredible team we have built. We committed to build the premier full-service financial services firm headquartered in Texas, serving the very best clients across all business cycles, and I am gratified by what we have achieved to date and am excited about what we will do next,” Holmes said. “The dedication of our employees who execute our strategy every single day are the unquestioned driving force behind the continued success of the firm.”
Stallings, who has served as Texas Capital’s chairman of the board since April 2023 and as a director since August 2001, will receive a one-year waiver from the board of its retirement policy to permit him to stand for reelection to the board at the 2025 annual meeting. This decision was made in recognition of Stallings’ valuable contributions to Texas Capital as it continues to execute on its multi-year transformation and to facilitate a smooth transition of his responsibilities to Holmes.
“The board’s actions reflect its deep confidence in Rob’s transformational leadership and strategic vision for Texas Capital,” Stallings said. “This new governance structure provides an effective consolidation of leadership under Rob, along with a balance of oversight by independent directors.”
“We are poised to deliver in 2025 off the momentum built since 2021, with the successful execution of significant strategic milestones and the realization of client adoption trends. We achieved these financial milestones while maintaining industry-leading capital and liquidity, a proven competitive advantage, through market and rate cycles,” Holmes said. “I would also like to thank Bob for his service as chairman, his stewardship as a director over the last 24 years and his mentorship to me over the last four years. His insight and guidance have been invaluable, and I am very pleased and grateful that Bob will remain on the board and serve as Texas Capital’s first lead independent director while we continue to drive execution through 2025.”
