Synovus Announces Changes to Board of Directors
February 21, 2014, COLUMBUS, GA – Synovus Financial Corp. (NYSE:SNV), the Columbus, Georgia-based financial services company, today announced that its Board of Directors has nominated Tim E. Bentsen, former audit partner of KPMG LLP, and Dr. Harris Pastides, President of the University of South Carolina, to stand for election as directors at the company’s 2014 Annual Meeting of Shareholders, scheduled for April 24, 2014.
“I look forward to gaining additional expertise and guidance from Tim and Harris as they join our board this year,” said Kessel Stelling, Chairman and Chief Executive Officer of Synovus. “Tim’s extensive audit and corporate governance experience, and Harris’ background in risk management and leadership, will prove valuable as we make strategic decisions to drive future growth and profitability for our company.”
Bentsen worked more than 37 years with KPMG, a U.S. audit, tax and advisory services firm. He served as an audit partner for numerous banks and other financial services companies and in a variety of leadership roles, including Southeast Area Managing Partner and Atlanta office Managing Partner. A frequent speaker on corporate governance matters across the country, Bentsen is a faculty member at the J.M. Tull School of Accounting at the University of Georgia. He holds a Bachelor’s Degree in Business Administration from Texas Tech University and has completed the Partnership Development Program at Harvard University.
Pastides is in his sixth year as the President of the University of South Carolina and previously served as the Vice President for Research and Health Sciences, Dean of the Arnold School of Public Health, and Executive Director of the South Carolina Research Foundation. Pastides is also a member of the Local Advisory Board of NBSC, a division of Synovus Bank. He received a master’s degree in Public Health, a doctoral degree from Yale University, and a bachelor’s degree from the University at Albany, State University of New York.
Synovus also announced that the following two incumbent directors have reached the mandatory retirement age for Synovus directors and will not stand for re-election at the 2014 Annual Meeting of Shareholders:
Jimmy Yancey, who joined the Board in 1978, has served the company for 54 years, including 45 years as a team member. He worked in various capacities with Synovus and Columbus Bank and Trust (CB&T), including Vice Chairman of the Board and President of both Synovus and CB&T, and Chairman of the Board of Synovus.
J. Neal Purcell, who joined the board in 2003, has served as the Chairman of the Audit Committee and on the Executive and Risk Committees of the Synovus Board of Directors. He is the retired Vice Chairman of Assurance for KPMG, LLP.
“I am grateful for the dedicated board service and commitment to our company from Jimmy and Neal,” said Stelling. “Jimmy’s many years of leadership to our company and commitment to customer service have made a lasting impact on the culture of our organization. Neal’s more than 40 years of accounting experience has also been a tremendous resource for our company. Their contributions and leadership will be missed.”
Synovus is a financial services company based in Columbus, Georgia with approximately $26 billion in assets. Synovus’ divisions provide commercial and retail banking, investment, and mortgage services to customers through 28 locally branded divisions, 261 offices, and 363 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. See Synovus on twitter @synovusbank, and LinkedIn. Equal Housing Lender .