SunTrust Announces Blake P. Garrett, Jr. and G. Gilmer Minor, III to Retire
from Board of Directors, Frank P. Scruggs, Jr. Nominated for Election
ATLANTA, April 15, 2013
ATLANTA, April 15, 2013 /PRNewswire/ --SunTrust Banks, Inc. (NYSE: STI) has
announced that Blake P. Garrett, Jr., and G. Gilmer Minor, III will retire
from the company's board of directors this year. In addition, the company
announced that Frank P. Scruggs, Jr. has been nominated for election at the
Annual Meeting of Shareholders in April.
Mr. Garrett and Mr. Minor have reached retirement age for directors. Both
will serve as directors through the 2013 annual meeting but will not stand for
re-election to the board.
"We are grateful to Blake Garrett and Gil Minor for their insights, service
and commitment as they faithfully represented the interests of clients,
shareholders and teammates throughout their tenures on the board," said
William H. Rogers, Jr., SunTrust chairman and chief executive officer. "We
also look forward to the prospect of welcoming Frank Scruggs to the board, and
benefiting from his extensive governmental, legal and regulatory affairs
experiences and perspectives."
Mr. Garrett has been a director since 2004. He is a partner in Garrett and
Garrett Construction and related commercial real estate development companies
of Fountain Inn, South Carolina.
Mr. Minor has served as a director since 1998. Since 1994, he has served as
chairman of the board of Owens & Minor, Inc., the Richmond, Virginia–based
national distributor of medical and surgical supplies, and he served as its
president and chief executive officer until 2005.
Mr. Scruggs, 61, has been a partner in the Florida business law firm Berger
Singerman LLP since 2007. Prior to that, he was Executive Vice President for
Office Depot, Inc., and a shareholder of the law firm Greenberg Traurig LLC.
He previously served as Florida Secretary of Labor and Employment Security,
and served on the board of directors of Office Depot, Inc.
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, 2012, SunTrust had
total assets of $173.4 billion and total deposits of $127.9 billion. Through
its flagship subsidiary, SunTrust Bank, 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.
Contact: Mike McCoy, (404) 588-7230
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