Regions Financial Corp. Chief Financial Officer David Turner is retiring, effective March 31, after a nearly 40-year career in auditing and finance, including 20 years at Regions. He will be succeeded by Anil Chadha, current controller and head of Corporate Finance.
Turner became CFO at Regions in 2010. His focus on effective capital allocation and commitment to prudent risk management were key in strengthening the bank’s position, the bank said in a press release.
“David has been a steady and trusted leader through some of the most pivotal moments in our company’s history,” said John Turner, chairman, president and CEO of Regions Financial Corp. “His financial acumen, his integrity and his unwavering commitment to making sound, strategic decisions have left a lasting legacy.”
During Turner’s tenure, Regions has delivered sustained growth, achieving strong earnings and consistent value creation for shareholders. Net income reached more than $1.7 billion in 2024. The company’s stock price has grown approximately 320% since 2010, and based on third quarter 2025 results, is on track to lead its peer group in return on average tangible common equity for a fifth consecutive year.
Chadha, Turner’s successor, has worked closely with Turner since joining Regions in 2011.
“I’m proud of the hard work and dedication of our teams over the years to achieve strong financial performance while keeping customers at the forefront,” said David Turner. “I’ve enjoyed being part of the journey, and it’s been an honor to serve this company and its incredible associates. I’m thrilled to pass the baton to Anil, a strong and capable leader whose deep expertise in finance and risk management — combined with his strategic vision and passion for innovation — will serve Regions well in the years ahead.”
As chief financial officer, Chadha will oversee all finance operations for the company. As controller and head of Corporate Finance, he has been a member of the company’s executive leadership team, managing financial reporting, accounting policy, accounting operations and all financial planning activities.
Previously, Chadha led the shared risk services & analytics team in Regions Risk Management. Before joining Regions, he worked in finance and treasury at Ally Financial, Wachovia/Wells Fargo and Capital One.
“It’s been a privilege to work and learn from David, from both a professional and a personal standpoint. He brings exceptional insights and sound judgement to every discussion, while consistently delivering thoughtful, people-focused solutions,” Chadha said.
Chadha is a graduate of the University of Alabama at Birmingham and has a master’s from the Babcock Graduate School of Management at Wake Forest University.
He is active in the community, serving on the finance advisory board of the University of Alabama at Birmingham Collat School of Business and the UAB Athletics Foundation board. He also is on the executive committee of the board of REV Birmingham, a nonprofit focused on economic development and revitalization, and the Mike Slive Foundation board.
