Texas Capital Bank and its parent company, Texas Capital Bancshares, named Tim Storms chief risk officer of both companies following the decision by John Turpen to step down from the role. Turpen will continue to support Storms and the company until March 31.
In addition to Storms’ appointment, Shannon Jurecka was appointed to the newly created position of chief human resources officer, effective April 1. Storms and Jurecka will report directly to Rob C. Holmes, president and CEO of Texas Capital Bank and Texas Capital Bancshares.
As previously announced, Storms, who most recently served as chief risk officer of the commercial banking real estate businesses at JPMorgan Chase, was appointed executive vice president and head of risk transformation at Texas Capital Bank in January 2021. Since that time, he has been working with Turpen and the risk management team to immerse himself in the organization and its approach to risk management. As chief risk officer, Storms will manage all risk functions, enterprise risk management practices and programs and regulatory compliance. He will be responsible for the strategic development and execution of continued enhancements to the company’s risk management culture and capabilities. As chair of the executive risk committee, Storms will oversee the risk management framework and the bank’s risk appetite statements.
Storms served at JPMorgan Chase from 1981 to 2019, serving as chief risk officer of the company’s commercial banking real estate businesses from 2015 to 2019. Prior to that position, he held several executive positions, including chief credit officer of commercial banking as well as head of risk management for corporate and real estate clients across North America for investment banking. Storms was also a member of a number of committees, including the risk operating committee of investment banking and commercial banking.
As chief human resources officer, Jurecka will be responsible for the company’s human capital strategy, including talent acquisition and development, compensation and benefits, and employee engagement. Jurecka has more than 20 years of leadership experience in human resources. She joined Texas Capital Bank from Celanese Corporation, where she most recently served as senior vice president and chief human resources officer since 2017. She joined Celanese in 2016 and before becoming senior vice president and chief human resources officer, she was vice president of human resources for material solutions and human resources leader for mergers and acquisitions.
Prior to joining Celanese, Jurecka spent 10 years at Bank of America Merrill Lynch as a human resources executive for a variety of teams, including consumer operations, global risk and the west region site and Dallas and Fort Worth market. She began her career in human resources at Dell, where she served as a mechanical engineering project manager and in learning and leadership development.
“Tim is a world-class risk executive, having managed businesses through some of the most challenging market environments on a complex global platform. Given his impressive financial and risk management acumen, ability to navigate complex regulatory environments and record of building strong, lasting relationships through mutual respect and trust, Tim is a strong leader for the role of chief risk officer,” Holmes said. “In his time with Texas Capital Bank, Tim has demonstrated a great cultural fit as well as a deep investment in the company’s success. On behalf of the entire Texas Capital Bank team, I would like to thank John for his numerous contributions and wish him the best in his future endeavors.
“Shannon is an experienced and well-respected human resources executive, and I’m pleased to welcome her to the Texas Capital Bank team. She has overseen the professional growth and development of thousands of colleagues throughout her career and embraces the same transparent and collaborative approach that is central to Texas Capital Bank’s success. Her vast experience with diversity, equity and inclusion (DEI) efforts as well as her previous work with environmental, social and corporate governance (ESG) is a wonderful addition that will help us accelerate our advancements in these areas. Our people are Texas Capital Bank’s greatest assets, and I’m confident that Shannon will continue to build an agile culture of personal growth and inclusivity for all of our colleagues.”
“Based on my work with this team to date, I am impressed with what they have built and eager to take on greater responsibility in managing our risk functions and further improving our balance sheet in support of our clients and the company,” Storms said. “With Rob and the leadership team’s support, my focus will be on leading the strategic development and execution of continuous enhancements to Texas Capital Bank’s risk management culture and capabilities that will further our proactive risk assessment and mitigation efforts. I feel very fortunate to benefit from the risk management team that John Turpen has built and established over the last several years. Because of that foundation, the company has a sound risk program and best practices today, and I look forward to working with the team to further enhance our position for the company and our clients.”
“As a Texas native, I’ve long respected Texas Capital Bank’s mission of empowering its people,” Jurecka said. “The company has an impressive bench of talent and I am committed to bringing fresh perspectives and developing initiatives that support an energized and cohesive workforce. I look forward to working closely with Rob and the leadership team to make Texas Capital Bank an even better place to work.”
“It has been an honor to be part of the Texas Capital Bank team as we’ve taken significant steps in building a stronger, more resilient business through remarkable focus and execution,” Turpen said. “Rob, Tim and the leadership team will continue this journey and position the company for a bright future. As I look forward to my next chapter, I’d like to express my sincere gratitude to my team for this rewarding experience and wish everyone at Texas Capital Bank continued success.”
