Regions Financial Announces David Turner to Retire, Anil Chadha to Serve as Chief Financial Officer

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Jan 12, 2026--

Regions Financial Corp. (NYSE:RF) on Monday announced Chief Financial Officer David Turner 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.

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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 has been a steady and trusted leader through some of the most pivotal moments in our company’s history,” said John Turner, Chairman, President and CEO of Regions Financial Corp. “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.”

During David Turner’s tenure, Regions has delivered sustained growth, achieving strong earnings and consistent value creation for shareholders. Net income reached more than $1.7 billion in 2024, supported by strategic execution and operational discipline. The company’s stock price has grown by approximately 320 percent since 2010, and based on third quarter 2025 results, Regions is on track to lead its peer group in return on average tangible common equity (ROATCE) for the fifth consecutive year.

Regions maintains a strong balance sheet, robust capital and liquidity positions and a strategic hedging program that has helped the company manage interest-rate risk while maintaining resilience through diverse market and economic conditions.

David Turner is also known for cultivating strong, engaged teams and mentoring the next generation of leaders. Chadha, his successor as CFO, is a good example, having worked closely with Turner since joining Regions in 2011.

“Regions is well positioned for continued success,” David 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 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.

“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. 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.

“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,” John 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,” the CEO added. “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.”

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $160 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 1,850 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.

Forward-Looking Statements

This release may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, which reflect Regions’ current views with respect to future events and financial performance. The words “future,” “anticipates,” “assumes,” “intends,” “plans,” “seeks,” “believes,” “predicts,” “potential,” “objectives,” “estimates,” “expects,” “targets,” “projects,” “outlook,” “forecast,” “would,” “will,” “may,” “might,” “could,” “should,” “can,” and similar terms and expressions often signify forward-looking statements. Forward-looking statements are not based on historical information, but rather are related to future operations, strategies, financial results, or other developments. Forward-looking statements are based on management’s current expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made, and are subject to various known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from the views, beliefs, and projections expressed in such statements. Factors that may cause actual results to differ from those described in forward-looking statements include those risks and other factors identified in Regions’ Annual Report on Form 10-K for the year ended December 31, 2024, and in Regions’ subsequent filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, which speak only as of the date made. Regions assumes no obligation and does not intend to update or revise any forward-looking statements that are made from time to time.

Regions Chief Financial Officer David Turner, left, will retire March 31, 2026, following a nearly 40-year career in auditing and finance. Anil Chadha, right, who currently serves as Regions’ Controller and head of Corporate Finance, will succeed Turner as Chief Financial Officer.

WASHINGTON (AP) — Senate Republicans voted to dismiss a war powers resolution Wednesday that would have limited President Donald Trump’s ability to conduct further attacks on Venezuela after two GOP senators reversed course on supporting the legislation.

Trump put intense pressure on five Republican senators who joined with Democrats to advance the resolution last week and ultimately prevailed in heading off passage of the legislation. Two of the Republicans — Sens. Josh Hawley of Missouri and Todd Young of Indiana — flipped under the pressure.

Vice President JD Vance had to break the 50-50 deadlock in the Senate on a Republican motion to dismiss the bill.

The outcome of the high-profile vote demonstrated how Trump still has command over much of the Republican conference, yet the razor-thin vote tally also showed the growing concern on Capitol Hill over the president’s aggressive foreign policy ambitions.

Democrats forced the debate after U.S. troops captured Venezuelan leader Nicolás Maduro in a surprise nighttime raid earlier this month

“Here we have one of the most successful attacks ever and they find a way to be against it. It’s pretty amazing. And it’s a shame,” Trump said at a speech in Michigan Tuesday. He also hurled insults at several of the Republicans who advanced the legislation, calling Sen. Rand Paul of Kentucky a “stone cold loser” and Sens. Lisa Murkowski of Alaska and Susan Collins of Maine “disasters.” Those three Republicans stuck to their support for the legislation.

Trump’s latest comments followed earlier phone calls with the senators, which they described as terse. The president’s fury underscored how the war powers vote had taken on new political significance as Trump also threatens military action to accomplish his goal of possessing Greenland.

The legislation, even if it had cleared the Senate, had virtually no chance of becoming law because it would eventually need to be signed by Trump himself. But it represented both a test of GOP loyalty to the president and a marker for how much leeway the Republican-controlled Senate is willing to give Trump to use the military abroad. Republican angst over his recent foreign policy moves — especially threats of using military force to seize Greenland from a NATO ally — is still running high in Congress.

Hawley, who helped advance the war powers resolution last week, said Trump’s message during a phone call was that the legislation “really ties my hands.” The senator said he had a follow-up phone call with Secretary of State Marco Rubio Monday and was told “point blank, we’re not going to do ground troops.”

The senator added that he also received assurances that the Trump administration will follow constitutional requirements if it becomes necessary to deploy troops again to the South American country.

“We’re getting along very well with Venezuela,” Trump told reporters at a ceremony for the signing of an unrelated bill Wednesday.

As senators went to the floor for the vote Wednesday evening, Young also told reporters he was no longer in support. He said that he had extensive conversations with Rubio and received assurances that the secretary of state will appear at a public hearing before the Senate Foreign Relations Committee.

Young also shared a letter from Rubio that stated the president will “seek congressional authorization in advance (circumstances permitting)” if he engaged in “major military operations” in Venezuela.

The senators also said his efforts were also instrumental in pushing the administration to release Wednesday a 22-page Justice Department memo laying out the legal justification for the snatch-and-grab operation against Maduro.

That memo, which was heavily redacted, indicates that the administration, for now, has no plans to ramp up military operations in Venezuela.

“We were assured that there is no contingency plan to engage in any substantial and sustained operation that would amount to a constitutional war,” according to the memo signed by Assistant Attorney General Elliot Gaiser.

Trump has used a series of legal arguments for his campaign against Maduro.

As he built up a naval force in the Caribbean and destroyed vessels that were allegedly carrying drugs from Venezuela, the Trump administration tapped wartime powers under the global war on terror by designating drug cartels as terrorist organizations.

The administration has claimed the capture of Maduro himself was actually a law enforcement operation, essentially to extradite the Venezuelan president to stand trial for charges in the U.S. that were filed in 2020.

Paul criticized the administration for first describing its military build-up in Caribbean as a counternarcotics operation but now floating Venezuela’s vast oil reserves as a reason for maintaining pressure.

"The bait and switch has already happened,” he said.

Lawmakers, including a significant number of Republicans, have been alarmed by Trump’s recent foreign policy talk. In recent weeks, he has pledged that the U.S. will “run” Venezuela for years to come, threatened military action to take possession of Greenland and told Iranians protesting their government that “ help is on its way.”

Senior Republicans have tried to massage the relationship between Trump and Denmark, a NATO ally that holds Greenland as a semi-autonomous territory. But Danish officials emerged from a meeting with Vance and Rubio Wednesday saying a “fundamental disagreement” over Greenland remains.

"What happened tonight is a roadmap to another endless war," Senate Democratic leader Chuck Schumer said at a news conference following the vote.

More than half of U.S. adults believe President Donald Trump has “gone too far” in using the U.S. military to intervene in other countries, according to a new AP-NORC poll.

House Democrats have also filed a similar war powers resolution and can force a vote on it as soon as next week.

Last week's procedural vote on the war powers resolution was supposed to set up hours of debate and a vote on final passage. But Republican leaders began searching for a way to defuse the conflict between their members and Trump as well as move on quickly to other business.

Once Hawley and Young changed their support for the bill, Republicans were able to successfully challenge whether it was appropriate when the Trump administration has said U.S. troops are not currently deployed in Venezuela.

“We’re not currently conducting military operations there,” said Senate Majority Leader John Thune in a floor speech. “But Democrats are taking up this bill because their anti-Trump hysteria knows no bounds.”

Democratic Sen. Tim Kaine, who has brought a series of war powers resolutions this year, accused Republicans of burying a debate about the merits of an ongoing campaign of attacks and threats against Venezuela.

"If this cause and if this legal basis were so righteous, the administration and its supporters would not be afraid to have this debate before the public and the United States Senate," he said in a floor speech.

Associated Press writers Josh Goodman, Lisa Mascaro, Mary Clare Jalonick and Joey Cappelletti in Washington and Bill Barrow in Atlanta contributed to this report.

President Donald Trump speaks during a meeting with oil executives in the East Room of the White House, Friday, Jan. 9, 2026, in Washington. (AP Photo/Evan Vucci)

Sen. Josh Hawley, R-Mo., talks with reporters outside the Senate chamber during a vote at the Capitol, Tuesday, Jan. 6, 2026, in Washington. (AP Photo/Rod Lamkey, Jr.)

Sen. Rand Paul, R-Ky., speaks with reporters at the Senate Subway on Capitol Hill, Thursday, Jan. 8, 2026, in Washington. (AP Photo/Mariam Zuhaib)

Senate Majority Leader John Thune, R-S.D., speaks during a news conference at the Capitol, Tuesday, Jan. 13, 2026, in Washington. (AP Photo/Rod Lamkey, Jr.)