Peggy Simmons joins BOK Financial Corporation Board of Directors

Rhea-AI Summary

BOK Financial Corporation (NASDAQ: BOKF) has appointed Peggy Simmons, president and COO of Public Service Company of Oklahoma, to its board of directors, effective August 3, 2021. Simmons brings extensive experience in energy procurement and distribution, which aligns with BOK Financial's regional business focus. She has held significant roles in regulatory and renewable energy sectors, earning degrees in economics and public policy. Her community leadership and philanthropic commitment enhance the board's alignment with BOK Financial's core values.

Positive

• Peggy Simmons' appointment adds expertise in energy procurement and economic advisory to the board.
• Her extensive regulatory and operational experience aligns with BOK's business focus.
• Simmons' community engagement and philanthropic efforts resonate with BOK's core values.

Negative

• Concerns about continuity and experience gaps with new board members.

TULSA, Okla., Aug. 10, 2021 (GLOBE NEWSWIRE) -- BOK Financial Corporation (NASDAQ: BOKF) recently announced the appointment of Peggy Simmons, president and chief operating officer of Public Service Company of Oklahoma (PSO), to its board of directors effective August 3, 2021.

"Peggy's extensive background in energy procurement and distribution, combined with her proven economic advisory expertise, fundamentally aligns with what is core to our business and our region," said Steve Bradshaw, president and chief executive officer of BOK Financial Corporation. "In addition, she is a community leader and has demonstrated a strong commitment to philanthropy and is perfectly aligned with the core values of BOK Financial. I am proud to welcome her to the board of directors."

As president and chief operating officer of Public Service Company of Oklahoma (PSO), Simmons has responsibility for all aspects of electric service for PSO's more than 562,000 customers. Prior to her current role, Simmons has held various responsibilities in regulatory, transmission strategy and policy, regulated commodity sourcing for AEP Ohio and renewable energy in AEP's competitive business. Simmons joined AEP in 1999 as an energy trading scheduler in Commercial Operations.

She earned a bachelor's degree in economics from The Ohio State University and a master's degree in public policy and administration from Central Michigan University. She is a graduate of The Executive Program-Darden School of Business at the University of Virginia and is a member of the G100 Next Generation Leadership program.

Simmons serves on the board of trustees for the Tulsa Performing Arts Center Trust and Tulsa Community Foundation; the board of directors for the State Chamber of Oklahoma, Tulsa Regional Chamber of Commerce and the Tulsa Area United Way; and the advisory council to Meals on Wheels Metro Tulsa. Additionally, Simmons serves on the Southwest Power Pool (SPP) Members Committee and the Federal Reserve Bank of Kansas City Economic Advisory Council.

About BOK Financial Corporation

BOK Financial Corporation is a more than $40 billion regional financial services company headquartered in Tulsa, Oklahoma with more than $90 billion in assets under management and administration. The company's stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc., BOK Financial Private Wealth, and BOK Financial Insurance, Inc. BOKF, NA operates TransFund, Cavanal Hill Investment Management and BOK Financial Asset Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas and BOK Financial (in Arizona, Arkansas, Colorado, Kansas and Missouri); as well as having limited purpose offices Nebraska, Milwaukee and Connecticut. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment, trust and insurance services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.

Media Contact:
Cody McAlester
cmcalester@bokf.com
918.295.0486

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8e13eca-e7ee-4d13-adde-308f25bd8cdf

FAQ

Who is Peggy Simmons and what role has she been appointed to at BOK Financial?

Peggy Simmons has been appointed as a member of the board of directors of BOK Financial, effective August 3, 2021.

What experience does Peggy Simmons bring to BOK Financial's board?

Simmons has extensive experience in energy procurement, distribution, and regulatory policy, enhancing the board's expertise.

How does Peggy Simmons' appointment impact BOK Financial Corporation?

Her appointment could strengthen BOK's strategic direction with her economic advisory expertise and community leadership.

When did Peggy Simmons join the board of BOK Financial Corporation?

Peggy Simmons joined the board of BOK Financial Corporation on August 3, 2021.