Regions Bank Announces Anil Chadha as Controller; Brad Kimbrough to Retire in February 2022 Following Distinguished Career
16 Novembre 2021 - 10:30PM
Business Wire
Regions veteran to succeed longtime controller, providing
continuity and continued strategic direction moving forward.
Regions Bank on Tuesday announced Brad Kimbrough will retire on
Feb. 28, 2022, following a nearly 29-year career at the bank, the
last 14 of which he has served as controller and chief accounting
officer. Kimbrough will be succeeded as controller by Anil Chadha,
a 20-year banking industry veteran who joined Regions in 2011 and
currently serves as head of Risk Shared Services and Analytics.
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Brad Kimbrough, left, will be succeeded
as Regions’ controller by Anil Chadha, right. (Photo: Business
Wire)
“Brad Kimbrough is a trusted leader and respected colleague with
a keen attention to detail, and his team, his insights, and his
leadership have all served a key role in the continued success of
our organization. Likewise, Anil Chadha has earned a reputation
throughout our company and industry as a strategic professional who
is committed to strong risk management and ensuring a solid and
effective capital structure,” said David Turner, chief financial
officer for Regions. “Anil’s experience makes him uniquely
qualified to build on our foundation of success that has been made
stronger over time by Brad, and we are proud to welcome Anil into
this crucial role.”
Kimbrough and Chadha will collaborate on a seamless transition
in the controller’s function during the coming months. Chadha will
lead the bank’s broader Controller Group, which includes Karin
Allen, who has been elevated by Regions to serve as assistant
controller and chief accounting officer. In addition, James Eastman
of the Controller Group has been named assistant controller and
will manage business unit controller functions. Jon Harden will
continue as Accounting and Treasury Operations manager.
Kimbrough joined Regions’ predecessor, AmSouth Bank, as part of
its Accounting group in 1993. He held roles of increasing
responsibility and was named controller and chief accounting
officer in 2007 after the merger of AmSouth and Regions Bank.
Before joining Regions, Kimbrough served as an audit manager for
Price Waterhouse Coopers from 1986 until 1993.
“Regions Bank has earned a reputation as a company that is
committed to prudent decision-making, strategic execution, and
operating from a position of strength as we deliver essential
financial services,” Kimbrough said. “This is made possible by our
strong culture of teamwork and collaboration, not only in the
Controller Group but across the bank as well. It has been an honor
to serve, and I look forward to working even more closely with Anil
Chadha over the next few months. Anil exemplifies our company’s
mission, vision, and values, and I know his experience and the work
of the entire Controller Group team will continue to be of
tremendous benefit to Regions Bank, our customers, and our
communities.”
Chadha joined Regions as debt and capital planning manager in
2011 before being elevated to serve as head of Risk Shared Services
and Analytics in 2018. His role has included key initiatives such
as coordinating the bank’s stress-testing procedures; his
leadership has also been instrumental in ensuring a solid capital
structure for the bank. Before his time at Regions, Chadha served
in various capital management and finance roles at Ally Financial,
Wells Fargo, and Capital One.
Active in the Birmingham community, Chadha shares his time and
talents with organizations across Regions’ headquarters city. He
serves on the board of directors of the UAB Athletics Foundation at
the University of Alabama at Birmingham. In addition, he is a
Finance Advisory Board member for the Collat School of Business at
UAB. Chadha also serves on the board of REV Birmingham, a nonprofit
focused on economic development and revitalization. Chadha will
join the board of the Mike Slive Foundation in January 2022.
Earlier in 2021, Chadha served in the Young American Leaders
Program as part of the Harvard Business School’s U.S.
Competitiveness Project.
“From individual consumers, to small businesses, to major
employers, Regions’ customer base turns to our company for
innovative financial solutions that help them reach their goals,”
Chadha said. “The work of the Controller Group is crucial to
accurately reflecting how the bank is effectively executing its
strategic financial plan. Brad Kimbrough’s leadership has created
tremendous value for the bank and its customers, and I am focused
on working closely with the Controller Group team and leadership
across the organization to further build on Regions’ legacy of
service and support.”
About Regions Financial Corporation Regions Financial
Corporation (NYSE:RF), with $156 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 more than 1,300 banking offices
and approximately 2,000 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.
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Media Contact: Jeremy D. King Regions Bank
205-264-4551
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