Eight from Pinnacle and seven from Synovus with six independent directors each
Pinnacle Financial Partners and Synovus Financial Corp. today announced the anticipated membership of the board of directors of the combined company resulting from their proposed combination, to be named Pinnacle Financial Partners. The combined company board will include eight directors from Pinnacle and seven from Synovus, with six independent directors from each company. Pinnacle’s current President and CEO Terry Turner will serve as non-executive chair, and Synovus director Tim E. Bentsen will serve as lead director.
“Both Pinnacle and Synovus have such strong boards, making any combination of directors a winning team,” Turner said. “The deep experience and leadership this group bring to our boardroom in finance and accounting, financial institutions, operations, risk management, commercial real estate and much more will help support Kevin Blair as CEO and keep the firm on its steep growth trajectory. This is a different kind of leadership role for me, but with Rob McCabe and our legacy board of Pinnacle directors joining me, we remain committed to ensuring the success of the company we founded while Kevin leads it into its next phase.”
Blair added, “Our board unites bold, strategic leaders who are guided by a shared vision. They honor and preserve the rich histories and proven legacies of both banks, with Terry and Rob continuing to advise with Pinnacle’s founder-driven mindset. Our teams are building on those legacies to create a differentiated, high-growth regional bank, and we’re confident moving forward with this group of leaders behind us.”
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