01—Abstract
Summary
Summary of the 8-K filed January 12, 2026. Cited figures are marked; the original filing is the authoritative source.
Regions Financial Corporation (NYSE: RF) announced on January 12, 2026 that Chief Financial Officer David J.
Turner, Jr. will retire effective March 31, 2026. The company has appointed Anil D. Chadha, currently Controller and head of Corporate Finance, to succeed him as Senior Executive Vice President, Chief Financial Officer, effective upon Turner's retirement.
Turner and Chadha will work together through March to ensure a smooth handoff. Chadha, 47, joined Regions in August 2011 and has served as Controller since December 2021 and head of Corporate Finance since December 2023. Previously he held roles including Executive Vice President, Head of Risk Shared Services & Analytics, and Assistant Treasurer, and he worked in finance and treasury at Ally Financial, Wachovia/Wells Fargo, and Capital One.
As CFO he will oversee all finance operations, including financial systems, investor relations, corporate treasury, corporate tax, management planning and reporting, accounting and corporate development. The filing states that Turner was elevated to CFO in 2010 and is credited with capital allocation and risk management discipline.
The company cites net income of more than $1.7 billiona in 2024, stock price growth of approximately 320 percent since 2010, and, based on third quarter 2025 results, being on track to lead its peer group in return on average tangible common equity for the fifth consecutive year. The filing states that the material terms of compensation arrangements for both executives will be disclosed once approved.
02—Key points
Key Highlights
- David J. Turner, Jr. will retire as Senior Executive Vice President and Chief Financial Officer effective March 31, 2026, after nearly 40 years in auditing and finance, including 20 years at the bank.
- Anil D. Chadha, 47, will succeed Turner as CFO effective upon Turner's retirement, having served as Controller since December 2021 and head of Corporate Finance since December 2023.
- Chadha joined Regions in August 2011 and previously held Executive Vice President, Head of Risk Shared Services & Analytics (2018-2021) and Assistant Treasurer roles.
- The filing cites 2024 net income of more than $1.7 billion and stock price growth of approximately 320 percent since 2010.
- 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, per the press release.
- Turner and Chadha will work together through March 2026 to ensure a smooth transition.
- Compensation terms for both executives related to the transition have not yet been disclosed and will be disclosed once approved.
03—Questions
Frequently Asked Questions
Why is the CFO of Regions Financial stepping down?
The filing states that David J. Turner, Jr. provided notice of his intent to retire from his position as Senior Executive Vice President, Chief Financial Officer, effective March 31, 2026. The press release describes his retirement as following a nearly 40-year career in auditing and finance.
Who is replacing David Turner as CFO?
Anil D. Chadha has been appointed to serve as Senior Executive Vice President, Chief Financial Officer, effective upon Turner's retirement. He currently serves as Controller and head of Corporate Finance and has been with Regions since August 2011.
What responsibilities will the new CFO have?
According to the press release, Chadha will oversee all finance operations, including financial systems, investor relations, corporate treasury, corporate tax, management planning and reporting, accounting and corporate development.
Has Regions disclosed the compensation terms for the incoming CFO?
Not yet. The filing states that the material terms of the compensation arrangements for Chadha and Turner, if any, related to these transitions will be disclosed once they have been approved.
Is there any relationship or related-party issue involving Chadha?
The filing states that Chadha has no family relationships with any of the Company's directors or executive officers, that there are no arrangements or understandings under which he was appointed, and that there are no related party transactions reportable under Item 404(a) of Regulation S-K.
04—Continue