ATLANTA, March 19, 2012 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announced key appointments within its Geographic and Consumer Banking organizations.
Thomas Rueger , who has served as President and Chief Executive Officer of SunTrust Bank, Hampton Roads, Va., announced his intent to retire in May following a 42-year career with the company.
Leroy Abrahams, who previously served as SunTrust's Executive Vice President of Retail Banking, will succeed Mr. Rueger. Mr. Abrahams will report to John Stallings, Mid-Atlantic Division President and Chief Executive Officer, and be based in Norfolk, Va. Mr. Abrahams' appointment is effective May 1.
"We greatly appreciate Tommy's leadership and many contributions to the company and community over his long career, and wish him well in his retirement," said Mr. Stallings. "Leroy likewise is a proven leader with more than 27 years of retail and business banking experience. His commitment to serving clients and the community, and passion for driving results will benefit our already-strong Hampton Roads team and the region."The company also announced that Jeffery Hooper has been named Retail Banking Executive, succeeding Mr. Abrahams, effective immediately. In this role, Mr. Hooper will oversee SunTrust's strategies to meet the needs of clients throughout its network of nearly 1,700 branches. A 25-year SunTrust veteran, Mr. Hooper most recently served as head of Consumer Lending. Additionally, Beverly Ladley will join SunTrust on April 2, 2012, to lead Consumer Lending and assume oversight responsibility for the company's indirect auto, student, Marine/RV, home equity and direct lending efforts. Ms. Ladley was previously with Bank of America where she served in increasingly responsible positions, including Global Sourcing Executive and U.S. Card and Consumer Lending Product Executive, during more than 20 years with that company. Mr. Hooper and Ms. Ladley will report to SunTrust Consumer Banking and Private Wealth Management Executive Brad Dinsmore. "Jeff brings a varied and extensive banking background as well as superior leadership skills to his new role, and Beverly's client centric-approach and successful track record driving business growth make her uniquely qualified to lead our Consumer Lending unit," said Mr. Dinsmore. "These appointments are indicative of our commitment to strengthening and deepening client relationships by deploying talented teammates in new roles and building out our team."