Zions Bancorporation Announces Key Leadership Changes Effective April 1, 2024

Zions Bancorporation (NASDAQ: ZION) today disclosed a suite of executive leadership transformations which will take effect from April 1, 2024. The amendments affect both Zions Bank, the corporation’s most extensive banking division, and the parent organization.

A. Scott Anderson, who has capably served as president and CEO of Zions Bank since 1998, is set to relinquish his managerial responsibilities following a notable 33-year tenure at the bank. Post-retirement, Anderson will assume the role of non-executive chairman of Zions Bank.

In a succession plan, Paul E. Burdiss, the current executive vice president and chief financial officer of Zions Bancorporation since 2015, will succeed Anderson as the president and CEO of Zions Bank. R. Ryan Richards, who has performed the role of the corporation’s corporate controller for the past two years, is set to become the executive vice president and chief financial officer of Zions Bancorporation.

Additionally, Thomas E. Laursen, the current general counsel of Zions Bancorporation, is set to retire. Rena Miller, who currently has the role of the corporation’s deputy general counsel, will replace Laursen.

Harris H. Simmons, Chairman and CEO of Zions Bancorporation, expressed deep admiration for Scott Anderson’s substantial contributions to the bank and the community over the past years. Throughout his tenure, Anderson’s leadership was instrumental in strengthening the bank’s presence in Utah, Idaho, and Wyoming. Simmons also acknowledged the exceptional contribution of Thom Laursen in efficiently managing the bank’s regulatory and legal aspects. He expressed anticipation towards working with the new leaders, confident in their capabilities to fulfill their respective roles efficiently.

Zions Bancorporation, N.A. is an esteemed financial services company operating with revenues of $3.1 billion and assets of roughly $87 billion in 2023. The corporation operates under diverse brands and local management in 11 western states and is included in the S&P 500 and NASDAQ Financial 100 Indices. Zions consistently earns awards in small and middle-market banking and public finance advisory services. More investor information can be accessed on their website.

Source: Press Release