WINSTON-SALEM, N.C., Oct. 30 /PRNewswire-FirstCall/ -- BB&T today said
that Chief Financial Officer Chris Henson will be named chief operating
officer and Assistant Chief Financial Officer Daryl Bible will succeed Henson
as CFO, beginning Jan. 1, 2009. Bible will join the executive management team
immediately.
BB&T said in August that Chief Operating Officer Kelly King would succeed
longtime Chief Executive Officer John Allison when he retires at the end of
the year. (Allison will remain as chairman until the end of 2009 and serve on
the board of directors thereafter.)
"These moves position our executive management team and our company for
what we believe is a very bright future," King said. "Chris and Daryl are both
proven leaders who, along with the rest of our management team, provide the
necessary foundation to continue to build on our legacy as a solid and stable
financial institution."
Henson, 47, joined BB&T in 1985 and has served as CFO since 2005. He
previously served as assistant chief financial officer, president of BB&T's
Georgia operations, and president of BB&T community bank regions based in
Atlanta and Virginia'sHampton Roads area.
The BB&T Leadership Development Program graduate began his career in
Wilson, N.C., where he served as a business services officer, business
services manager and city executive before assuming the role of city executive
in Greensboro, N.C.
As chief operating officer, Henson will be responsible for Risk Management
and Administrative Services; Operations; Deposit Services; Marketing;
Electronic Delivery; and all fee-based financial services subsidiaries.
"I look forward to following Kelly as chief operating officer and working
hard to help make BB&T the world standard financial services company," Henson
said. "Our primary goal will be to continue to do everything we can to remain
a client-driven company, one with an unwavering commitment to provide the best
value in the financial services industry."
The Boone, N.C., native earned his bachelor's degree in business
administration from High Point University. He is a graduate of the Young
Executives Institute at the University of North Carolina at Chapel Hill and a
2007 graduate of the Duke University Advanced Management Program. Henson is a
member of the High Point University Board of Trustees and chairman of the
Winston-Salem/Forsyth County Ten Year Plan to End Chronic Homelessness.
Bible joined BB&T in January after a 24-year career with U.S. Bancorp, the
last 10 years as treasurer. He began his career in the Management Development
Program at U.S. Bank predecessor Star Banc. Bible served in a number of key
positions prior to treasurer, including financial analyst, asset/liability
manager, investment portfolio manager and funds manager.
As chief financial officer, Bible, 47, will oversee Treasury; Investor
Relations; Capital Planning and Shareholder Reporting; Enterprise Spend
Management; Management Accounting; Strategic Planning and Corporate Finance;
Corporate Tax; Accounting and Financial Reporting; and Value Improvement.
"I'm thrilled to have the opportunity to join the executive management
team and follow Chris as CFO," Bible said. "I want to build on everything he's
accomplished and continue to help make this company the strongest financial
services institution in the nation."
The Cincinnati, Ohio, native earned his bachelor's and master's degrees in
business administration from the University of Cincinnati. He is a chartered
financial analyst and a member of the CFA North Carolina Society. He was named
"Best Bank Borrower" for 2007 by Euromoney magazine.
BB&T last added members to its executive management team in December 2006
when Clarke Starnes (now chief credit officer) and Deposit Services Manager
Donna Goodrich joined the team.
"We have excellent depth on the management team, a great combination of
long-time members and new additions," King said. "This is a group with the
intellectual insight, boundless energy and proven experience to lead BB&T into
the future."
After Allison retires, the 10-member BB&T executive management team will
consist of King, Henson, Starnes, Goodrich, Bible, Banking Network Manager
Ricky Brown, Risk Management and Administrative Services Manager Rob Greene,
Operations Division Manager Leon Wilson, Chief Marketing Officer Steve Wiggs
and Electronic Delivery Channel Manager Barbara Duck.
With $137 billion in assets, BB&T Corporation is the nation's 14th largest
financial holding company. It operates more than 1,500 financial centers in 11
states and Washington, D.C. More information about the company is available at
BBT.com.
