December 20, 2007, Columbus, GA – Synovus (NYSE: SNV), the Columbus, Georgia-based financial services company, today announced the following executive changes related to the upcoming spin-off of TSYS.
G. Sanders Griffith III, Synovus Senior Executive Vice President, General Counsel and Secretary, will transition to TSYS to serve as Senior Executive Vice President, General Counsel and Secretary.
Paul M. Todd, Synovus Executive Vice President, has been named Executive Vice President of Mergers and Acquisitions for TSYS. J. Barton Singleton, President of Synovus Securities, has been promoted to Executive Vice President, Synovus Financial Management Services, the position previously held by Todd.
“Moving into these key roles at TSYS is a great opportunity for Sanders and Paul, and I am sure their leadership will be instrumental in the company’s future success. They have certainly demonstrated their value throughout their long service to our company. We are proud of them and wish them well,” said Richard Anthony, Chairman and CEO of Synovus. Referring to Singleton, Anthony added, “We are fortunate to have someone with Bart’s experience and capabilities to assume the challenge of guiding the growth and profitability of our mortgage, insurance, trust, securities and Family Asset Management lines of business.”
Griffith began his career at Synovus in 1988 as Vice President and General Counsel. He was promoted to Executive Vice President, General Counsel and Secretary in 1992 and Senior Executive Vice President in 1995. His responsibilities also included directing the governmental and regulatory affairs for both Synovus and TSYS.
Todd will be returning to TSYS, where he began his career with the Synovus family of companies in 1995 and served in various capacities in the Finance and Strategy areas. In May 2002, he moved to Synovus Finance where he led the area responsible for mergers and acquisitions. He became the Chief Financial Officer for FMS in 2003 and then Chief Operating Officer in 2005. Todd was promoted to Synovus Executive Vice President in March 2007.
Before coming to Synovus, Singleton spent 16 years at SouthTrust Securities in various roles, including Manager of the Capital Markets Group and as a member of the board of directors. He joined Synovus Securities in August 2005 and has served as a Senior Vice President and Manager of the Investment Banking and Institutional Brokerage Groups.
Synovus (NYSE: “SNV”) is a financial services holding company with $34 billion in assets based in Columbus, Georgia. Synovus provides commercial and retail banking, as well as investment services, to customers through 37 banks, 440 ATMs, and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS (NYSE: “TSS”), one of the world’s largest companies for outsourced payment services. The company focuses on its unique decentralized customer delivery model, position in high-growth Southeast markets and commitment to being a great place to work to ensure the delivery of unparalleled customer experiences. Synovus has been named one of “The 100 Best Companies to Work For” in America by FORTUNE magazine, and has been recognized in its Hall of Fame for consecutive appearances on the list since its inception in 1998. See Synovus on the Web at www.synovus.com.