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Texas Capital Elevates President & Chief Executive Officer Rob C. Holmes to Additional Responsibilities as Chairman of the Board-Elect in Recognition of Transformation Progress
DALLAS, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced that its Board
About this update from Texas Capital Bancshares, Inc.
[{"type":"text","content":"DALLAS, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced that its Board of Directors (the Board) unanimously elected Rob C. Holmes, Texas Capital’s President & Chief Executive Officer and existing Board Director, to also serve as Chairman of the Board immediately following the 2025 Annual Meeting of Stockholders. “The decision to entrust Chairman of the Board responsibilities to Rob is a validation of the success of the multi-year transformation he has led for Texas Capital,” said Bob Stallings, Texas Capital’s outgoing Chairman of the Board who will assume the role of Lead Independent Director. “Rob and his team continue to deliver on every aspect of the strategic plan he communicated in 2021, and I am proud to say that Texas Capital is well-positioned for strong future growth.” “I am honored by the trust the Board of Directors has placed not just in me, but in the incredible team we have built. We committed to build the premier full-service financial services firm headquartered in Texas, serving the very best clients across all business cycles, and I am gratified by what we have achieved to date and am excited about what we will do next,” Holmes said. “The dedication of our employees who execute our strategy every single day are the unquestioned driving force behind the continued success of the firm.” Stallings, who has served as Texas Capital’s Chairman of the Board since April 2023 and as a Director since August 2001, will receive a one-year waiver from the Board of its retirement policy to permit him to stand for reelection to the Board at the 2025 Annual Meeting. This decision was made in recognition of Stallings’ valuable contributions to Texas Capital as it continues to execute on its multi-year transformation and to facilitate a smooth transition of his responsibilities to Holmes. “The Board’s actions reflect its deep confidence in Rob’s transformational leadership and strategic vision for Texas Capital,” added Stallings. “This new governance structure provides an effective consolidation of leadership under Rob, along with a balance of oversight by independent directors.” Texas Capital also announced its operating results for the fourth quarter and full-year 2024 today. Commenting on Texas Capital’s performance, Holmes observed, “We are...