Regions Financial (RF) plans CFO transition as David Turner retires, appoints Anil Chadha
Rhea-AI Filing Summary
Regions Financial Corporation reported an upcoming leadership change in its finance organization. David J. Turner, Jr. plans to retire as Senior Executive Vice President and Chief Financial Officer, effective March 31, 2026. Upon his retirement, the company has appointed Anil D. Chadha to become Senior Executive Vice President and Chief Financial Officer.
Chadha, age 47, has been with Regions since 2011 and currently serves as Controller and head of Corporate Finance, with prior roles in risk, treasury, and capital planning, as well as earlier finance and treasury positions at other financial institutions. The company states that Chadha has no family relationships with company directors or executive officers, no appointment arrangements with other parties, and no reportable related party transactions. Any compensation changes related to these transitions will be disclosed once approved, and the company has issued a press release describing the planned retirement and appointment.
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Insights
Planned CFO retirement with internal successor signals organized transition.
Regions Financial Corporation disclosed that long-serving CFO David J. Turner, Jr. will retire effective March 31, 2026, and that Anil D. Chadha will assume the Senior Executive Vice President and Chief Financial Officer role at that time. Because Chadha is an internal candidate who has served as Controller and head of Corporate Finance, this indicates continuity in the finance function rather than an abrupt change.
The filing notes there are no family relationships, appointment arrangements with third parties, or related party transactions involving Chadha that require disclosure, which supports standard governance practices. The company will disclose any compensation changes for both executives once approved, so later updates may provide more detail on how the transition is structured but do not alter the basic leadership shift described here.
8-K Event Classification
FAQ
What leadership change did Regions Financial Corporation (RF) announce?
Regions Financial Corporation announced that David J. Turner, Jr. plans to retire as Senior Executive Vice President and Chief Financial Officer, effective March 31, 2026, and that Anil D. Chadha will be appointed to that same role upon Turner’s retirement.
Who is Anil D. Chadha, the new CFO of Regions Financial Corporation (RF)?
Anil D. Chadha, age 47, has worked at Regions since 2011. He currently serves as Controller and head of Corporate Finance and previously held roles including Executive Vice President, Head of Risk Shared Services & Analytics, and Senior Vice President, Assistant Treasurer, after prior finance and treasury positions at Ally Financial, Wachovia/Wells Fargo, and Capital One.
When will the CFO transition at Regions Financial Corporation (RF) become effective?
The transition is scheduled to occur on March 31, 2026, when David J. Turner, Jr. retires as Senior Executive Vice President and Chief Financial Officer and Anil D. Chadha assumes that role.
Did Regions Financial Corporation (RF) issue a press release about the CFO change?
Yes. The company issued a press release on January 12, 2026, announcing Turner’s planned retirement and Chadha’s appointment as Senior Executive Vice President and Chief Financial Officer, and filed it as Exhibit 99.1.