ATLANTA, April 25, 2012 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) Chairman and Chief Executive Officer William H. Rogers, Jr. announced that Donna Morea has been elected to SunTrust's Board of Directors.
Ms. Morea was elected to the Company's Board for the first time. The Company's remaining 13 directors, including Mr. Rogers, were re-elected by shareholders. As previously announced, J. Hicks Lanier and Dr. Frank S. Royal did not stand for reelection and retired from the Board following the annual meeting of SunTrust shareholders yesterday.
"We welcome Donna to the SunTrust Board and look forward to benefiting from the extensive technology industry experience and valuable perspectives she brings to our organization," said Mr. Rogers at the meeting. "Hicks Lanier and Dr. Frank Royal have served our Company and shareholders with distinction, and their perceptive, insights and judgment have always been appreciated. We are grateful for their service to SunTrust."
Ms. Morea 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 March 31, 2012, SunTrust had total assets of $178.2 billion and total deposits of $130.0 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.