Synovus announces election of Coca-Cola’s Stacy Apter to its board of directors

Rhea-AI Summary

Synovus Financial Corp. (NYSE: SNV) has appointed Stacy Apter, Vice President, Treasurer, and Corporate Finance at The Coca-Cola Company, to its Board of Directors during the 2023 Annual Meeting of Shareholders held on April 26, 2023. Apter brings extensive experience, including her roles in capital management and risk strategies at Coca-Cola since 2005. Her insights in corporate finance and cultural transformation are expected to strengthen Synovus's leadership. Chairman and CEO Kevin Blair expressed confidence that Apter's expertise will enhance the company's strategic direction and shareholder value. Synovus operates with approximately $62 billion in assets, providing a wide range of banking and financial services across multiple states.

Positive

• Appointment of Stacy Apter could bring fresh perspectives to the board.
• Apter's experience in corporate finance may enhance strategic decision-making.
• Her background in cultural transformation aligns with Synovus's goals for differentiation in the market.

Negative

• There may be concerns regarding the continuity and experience on the board with the addition of a new member.

COLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Financial Corp. (NYSE: SNV) announces that Vice President, Treasurer and Corporate Finance Stacy Apter with The Coca-Cola Company has joined its board of directors. Apter was elected during the Synovus 2023 Annual Meeting of Shareholders on Wednesday, April 26, 2023.

Elected to Synovus Board of Directors; Stacy Apter; Vice President, Treasurer and Corporate Finance; The Coca-Cola Company (Photo: Business Wire)

Apter previously served as the chief of staff for Coca-Cola’s chairman of the board and chief executive officer and played an integral role in the company’s reorganization efforts and broader cultural transformation. She has held treasury and global benefits positions since joining Coca-Cola in 2005, including as assistant treasurer, where she led capital management, currency hedging, risk and insurance, and benefits and investments functions. Apter began her career as a pension actuary and consultant at PricewaterhouseCoopers. She earned a bachelor’s in mathematics and economics from Sweet Briar College.

“We’re pleased to welcome Stacy to our board of directors,” said Synovus Chairman, CEO and President Kevin Blair. “Her extensive experience in corporate finance and capital markets, as well as her insights on strategic and cultural transformation, will be invaluable to our board as we continue to build and differentiate the bank and drive shareholder value.”

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $62 billion in assets. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, South Carolina, Florida and Tennessee. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230427005143/en/

Audria Belton

Media Relations

media@synovus.com

Source: Synovus Financial Corp.

FAQ

Who is the new board member appointed by Synovus Financial Corp?

Stacy Apter, Vice President, Treasurer, and Corporate Finance at The Coca-Cola Company, has been appointed to Synovus's Board of Directors.

What experience does Stacy Apter bring to Synovus Financial Corp?

Stacy Apter has extensive experience in corporate finance, capital management, and risk strategies from her roles at The Coca-Cola Company since 2005.

When was Stacy Apter elected to the Synovus Board of Directors?

Stacy Apter was elected during the Synovus 2023 Annual Meeting of Shareholders on April 26, 2023.

What impact is expected from Stacy Apter's appointment on Synovus Financial Corp?

Her appointment is expected to enhance strategic decision-making and drive shareholder value through her insights on corporate finance and cultural transformation.