ATLANTA, April 2, 2012 /PRNewswire/ --
SunTrust Banks, Inc. (NYSE: STI) announced today that
J. Hicks Lanierand Dr. Frank S.
Royalwill retire from the company's Board of
Directors this year. In addition, the Company
announced that Donna Moreahas been nominated
to stand for election at the Annual Meeting of Shareholders
Mr. Lanier and Dr. Royal have reached retirement age for
directors. Both will serve as directors through the
2012 annual meeting but will not stand for re-election to
"Hicks Lanier and Dr. Frank Royalhave
served SunTrust with distinction over their tenure as
directors," said William H. Rogers, Jr.,
SunTrust Chairman and Chief Executive Officer.
"We greatly appreciate their experience and commitment
to our shareholders and clients. We also look forward
to the prospect of welcoming Donna Moreato our
Board, and benefiting from her significant technology
industry experience and perspective."
Mr. Lanier has been a director since 2003. Since 1981
he has served as Chairman of the Board and Chief Executive
Officer of Oxford Industries, Inc., an
Atlanta-based company that designs,
manufactures, markets and sells consumer apparel
Dr. Royal has served as a director since 1998. A
practicing physician since 1969, Dr. Royal is President of
Frank S. Royal, M.D., P.C. in Richmond,
Va., and has served on a number of corporate,
educational and professional organizations' boards of
Ms. Morea, 57, is a nationally recognized executive in IT
professional service management. From 2004 until her
retirement at the end of 2011, she served as President of
CGI Technology and Solutions, Inc., a wholly-owned U.S.
subsidiary of CGI Group, one of the largest independent
information technology firms in North America. She
now serves on CGI Group's board of directors.
SunTrust Banks, Inc., headquartered in
Atlanta, is one of the nation's largest
banking organizations, serving a broad range of consumer,
commercial, corporate and institutional clients. As
of December 31, 2011, SunTrust had total
assets of $176.9 billionand total deposits of
$127.9 billion. The Company operates an
extensive branch and ATM network throughout the high-growth
Southeast and Mid-Atlantic states and a full array of
technology-based, 24-hour delivery channels. The
Company also serves clients in selected markets
nationally. Its primary businesses include deposit,
credit, trust and investment services. Through
various subsidiaries the Company provides mortgage banking,
insurance, brokerage, investment management, equipment
leasing and investment banking services. SunTrust's
Internet address is suntrust.com.
SOURCE SunTrust Banks, Inc.
Mike McCoy, +1-404-588-7230