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BOK Financial Announces New Chief Executives

Stanley A. Lybarger, president and chief executive officer of BOK Financial (NASDAQ: BOKF), announced today that Steven G. Bradshaw will succeed him as president and chief executive officer and Daniel H. Ellinor will serve as chief operating officer. Both individuals currently serve as senior officers of the company and will assume their new positions following Lybarger’s retirement at the end of this year.

“Steve and Dan have been very instrumental in BOK Financial’s past success, including the company’s geographic expansion and exceptional performance through the recent recession,” Lybarger said. “They possess the ability, experience and integrity to take the company to the next level.”

"I have worked closely with Steve and Dan since they each joined the company, so I know firsthand that they have the capability to lead us to continued growth in market position and profitability,” said George Kaiser, chairman of BOK Financial. “They have both also participated in board and committee meetings for many years and gained the confidence of our board members. Under their leadership, BOKF's future should be as stellar as its past."

Bradshaw, as CEO, will be responsible for the strategic direction and operating performance of all aspects of the company, while Ellinor, as the COO, will gain more responsibility throughout the corporation and work directly with Bradshaw to set operational strategy and drive growth initiatives.

“It’s an absolute honor to lead an organization that I’ve been part of building for 22 years. Our entire leadership team has benefited greatly from Stan’s exceptional leadership over those years and is well prepared to establish and execute our growth strategy into the future,” said Bradshaw. “The company’s greatest strength is a very impressive collection of talented individuals who have proven they can produce exceptional financial results through superior service. I’m confident we can turn a challenging operating environment in our industry into an opportunity for BOK Financial to grow earnings and expand capabilities going forward.”

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