SALT LAKE CITY - Zions Bancorporation (NASDAQ: NASDAQ:ZION) revealed a series of executive transitions today, set to take effect on April 1, 2024. The changes will occur within Zions Bank, the company's largest division, and at the parent company level.
A. Scott Anderson is set to retire from his role as president and CEO of Zions Bank, a position he has held since 1998. His departure follows a 33-year tenure with the institution. Post-retirement, Anderson will assume the position of non-executive chairman of Zions Bank.
Paul E. Burdiss is slated to succeed Anderson as the president and CEO of Zions Bank. Burdiss has been serving as Zions Bancorporation's executive vice president and chief financial officer since 2015. His experience includes previous roles at SunTrust Banks (NYSE:STI), Inc., and Comerica (NYSE:CMA), Inc.
R. Ryan Richards will be promoted to executive vice president and chief financial officer of Zions Bancorporation. He has been with the company as corporate controller for the past two years and brings experience from Truist Financial (NYSE:TFC) Corporation, SunTrust Banks, Inc., and other notable financial institutions.
Further changes include the retirement of Thomas E. Laursen, Zions Bancorporation's general counsel. Rena Miller, currently the company's deputy general counsel, will step into Laursen's role.
Simmons praised the incoming executives, noting their qualifications and the fresh perspectives they are expected to bring to their new positions.
Zions Bancorporation, a prominent financial services company, reported a net revenue of $3.1 billion in 2023 and holds approximately $87 billion in total assets. The company operates in 11 western states and is recognized for its performance in small and middle-market banking, public finance advisory services, and Small Business Administration lending. Zions is also listed in the S&P 500 and NASDAQ Financial 100 indices.
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