He is the former president of a big name firm
Regions Financial Corp, a bank holding company, has announced the appointment of Bill Rhodes (pictured), the previous president and CEO of retail company AutoZone, as the newest member of the Regions Financial Corp board as well as the Regions bank board.
“We are committed to sound corporate governance that values the needs of all our stakeholders. Every day, our teams are delivering soundness, profitability and growth as we provide financial solutions for our customers and communities,” said Charles McCrary, chair of the Regions Financial Corp and Regions Bank Boards.
“We know Bill’s experience and insights will help Regions build on its growth and deliver even greater value for the people and places we serve,” added McCrary.
Who is Bill Rhodes?
Rhodes has extensive experience as a corporate executive as he previously served as the president and CEO of AutoZone for 18 years, contributing to the firm’s expansion of stores as well as increasing its revenue and enhancing its online presence and services.
Prior to that role, Rhodes led store operations as well as overseeig the departments for supply chain, information technology, and finance.
The executive is also the current chair of the Coalition for Auto Repair Equality and served on the boards of various organizations such as the Retail Industry Leaders Association, Youth Programs, Inc., the National Civil Rights Museum, and the University of Tennessee Board of Trustees. He is also a member of the J.R. Hyde III Family Foundation Board of Trustees.
“Throughout his career, Bill has provided strategic leadership that led to strong business growth. And he’s never lost sight of the crucial importance of consistently creating positive customer experiences,” said McCrary. “That makes Bill an ideal fit for Regions’ culture.”
In his new post, Rhodes will serve on the audit committee as well as the compensation and human resources committee, taking the total number of board members to 15.
“Regions Bank has built impressive customer loyalty by staying true to its mission to make life better for customers, communities, associates and shareholders. The company is operating from a position of strength as it serves fast-growing, highly attractive markets across the Southeast, the Midwest and Texas,” said Rhodes.
“We have a tremendous opportunity to build on Regions’ solid foundation, and I look forward to collaborating with company leaders as we generate consistent, sustainable performance on behalf of everyone we serve,” he added.
Alongside his new role, Rhodes will continue to be AutoZone’s executive chairman. He is set to take up his new post on the Regions Financial Corp and Regions Bank Boards on March 1, 2024.
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